After years of debate, Korean Industrial conglomerate Hyosung, famous for its high strength carbon fibre, finally decided on Xinyi in part for its advantages as a transportation hub, beating seven other competing cities in Eastern China. Full story (in Chinese) via this link; read lots more of the latest news from Xuzhou via this link.
Korean Conglomerate Invests US$614 Million in Xuzhou for Carbon Fibre Plant
