Country for PR: China
Contributor: Xinhua News Agency
Wednesday, May 22 2019 - 13:12
AsiaNet
Deals worth about 500 bln yuan inked at Expo Central China 2019
NANCHANG, China, May 22, 2019 /Xinhua-AsiaNet/--

The Expo Central China 2019 has seen 406 projects signed in six provinces of 
central China with a total amount of 483.513 billion yuan as global investors 
seek to tap the growth potential of the country's emerging region.

Highlighting high-level opening-up and high-quality development, the expo was 
held from May 18 to 20 in Nanchang, east China's Jiangxi Province, attracting 
about 6,000 guests including government officials, entrepreneurs and scholars.

In particular, senor management from 97 overseas firms and over 100 top Chinese 
companies attended the expo. A specific seminar was held during the event to 
survey the difficulties and problems encountered by multinational corporations 
whiling developing the central region, gather their views and policy 
recommendations on improving China's investment environment, and discuss the 
trends of international cooperation in the new era.

A symposium on undertaking industrial transfer in central China's state-level 
economic and technological development zones was also held to discusses how to 
improve the business environment, practice the new development concept, 
optimize industrial layout, and undertake industrial transfers from coastal 
regions. 

The contracted projects mainly involve advanced manufacturing, new energy, new 
materials, electronic information, cultural tourism, energy and urban 
infrastructure, biomedicine and other industries. Among them, 51 projects with 
foreign investment were signed with a total amount of 10.466 billion U.S. 
dollars. There were 355 projects with domestic investment, with a total 
contract amount of 412.344 billion yuan. As the host, Jiangxi Province signed 
198 projects with a total contract value of 170.45 billion yuan.

The history of the Expo Central China is exactly the process of expanding 
opening-up and accelerating development of the central region. Statistics 
showed that the central region's GDP reached 19.27 trillion yuan in 2018, 
accounting for 21.4 percent of the country's total. The growth rate of its 
industry, investment, consumption and import and export all came out in front 
among these sectors nationwide, posting enhancing regional comprehensive 
strength.

SOURCE: The Organizing Committee of the Expo Central China 2019

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   Caption: Expo Central China 2019