Shenzhen Investment to buy land for 4.15 billion yuan
Shenzhen Investment Ltd., a company backed by the namesake Chinese city, will buy land there from shareholder Shum Yip Group Ltd. for 4.15 billion yuan in stock, as it plans mixed-use projects.
BEIJING - China will invest 400 million yuan to develop tourism in southeastern Tibet by building 22 model villages, the official Xinhua News Agency said Saturday.