The authorities in the city of Yulin in China’s Guangxi Zhuang Autonomous Region have signed an investment agreement for a stainless steel products production base with Foshan, Guangdong-based Jinhaihuihuang Stainlelss Steel Co., Ltd., with a total investment of RMB 4.0 billion ($0.57 billion). The project in question will be located in Longtan industrial park in Yulin, on a site covering 83.33 hectares.