Zhejiang traders snap up units at Chinese footwear f - leatherbiz: Lea Leatherbiz

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Zhejiang traders snap up units at Chinese footwear facility

06/04/2004

The first phase of auctions for premises at the West China Shoe Industry Zone in Chongqing city, China took place recently.

 

According to the chairman of the Wenzhou Shoe Material Commerce Chamber, all 14 units were bought by professionals from Zhejiang province, as the bidding prices were unaffordable to Wenzhou traders.

 

Investment at the facility, which is being financed by Aokang Shoe Group and Bishan county, is expected to top Y1 billion ($120 million).

 

For the latest story see leatherbiz.com, ‘April completion for Chinese footwear facility - 18.03.04’.

 



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