OREANDA-NEWS. September 02, 2011. To promote the transformation and frog-leap development of the state-owned enterprises, a delegation of 20 enterprises organized by the State-owned Assets Supervision and Administration Commission of Shanxi Province, visited the Yangtze economic delta (Jiangsu Province, Zhejiang Province and Shanghai Municipality) to do an in-depth investigation and to promote trade and investment, reported the press-centre of Datong Coal Mine.

Together with other delegation members, the Datong Coal Mine Group leaders including Chairman Wu Yongping toured the Nanjing Chemical Industry Park, China Electric Equipment Group in Nanjing, Shanghai Port Industry Park, ABB Engineering (Shanghai) Co., Ltd., and Zhejiang Materials Industry Group, and exchanged views on mutual cooperation with them.

Following the principles of "giving priority to lead enterprises, focusing on transformation and frog-leap development, and putting the feasibility and effectiveness in the first place," the Datong Coal Mine Group inked 17 cooperative agreements in five categories with enterprises of the delta.

Most of the cooperation projects signed during the visit have already started pre-construction preparation and full construction would begin in 2011 or 2012, with some expected to complete, begin operation and make profit in one year's time.