Expo to showcase China's central region to global investors


  • China
  • Wednesday, 28 Apr 2021

This undated photo shows a foreign exhibitor introduces products to visitors at the Expo Central China 2019 held in Nanchang, East China's Jiangxi province. - Xinhua

BEIJING (China Daily/Asia News Network): Global investors will be able to use the upcoming Expo Central China 2021 as a platform to expand their business into the central region of the country and take advantage of the country's ongoing efforts to expand opening-up and stabilise foreign trade, investment, officials said on Tuesday (April 27).

The 12th Expo Central China will be held from May 21 to 23 in Taiyuan, capital of North China's Shanxi province.

"Since the first Expo Central China in 2006, the event has played a key role in accelerating the rise of the central region and expanding opening-up in the central region," Wang Shouwen, a vice-minister of commerce, said during a news conference in Beijing.

"The event is significant in stabilizing trade and investment, fostering innovation-driven industrial development and building a new level for opening-up in the inland areas," he said.

Wang said that the central region offers a huge market for foreign companies, as nearly 370 million people, more than a quarter of the Chinese population, live in the six provinces of the central region.

By the end of last year, the cumulative GDP of these six provinces reached 22 trillion yuan (US$3.4 trillion), or more than 20 percent of the national total, according to official data.

Themed "opening-up and cooperation, transformation and innovation", the expo will hold policy discussions, industrial cooperation events, project matchmaking sessions and exhibitions, offering a major platform for the Central China region to attract investment and cooperation from both home and abroad.

To date, 15 foreign dignitaries and ministerial officials, 19 embassies and consulates in China, eight international organizations, 13 foreign investment promotion agencies, 70 Fortune 500 companies and leading enterprises, 17 State-owned enterprises and 73 Chinese and foreign business associations and research institutes have signed up to attend the special events to be held during the expo.

Lu Dongliang, vice-governor of Shanxi province, said the expo will have a total exhibition area of 30,000 square meters and showcase the latest technologies and leading products from the central region.

Wang said the expo has helped boost regional and international exchanges and cooperation, as the total value of central region's imports and exports jumped from US$53.58 billion in 2006 to US$387.27 billion in 2020. The actual use of foreign investment in the region rose from US$3.42 billion to US$7.94 billion during the same period.

"We welcome foreign enterprise and investors to seek business opportunities for cooperation in the central region to achieve mutual benefit and win-win results," Wang said. - China Daily/Asia News Network

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

China , expo , central , region

   

Next In Aseanplus News

Only 743 new Covid-19 cases in Singapore but two seniors die o n Saturday (Dec 4); weekly infection rate now lower
Asean News Headlines at 10pm on Saturday (Dec 4)
Indonesia only reports 246 new Covid-19 cases and five more deaths
Thailand recorded 5,896 Covid-19 cases and 37 deaths on Saturday (Dec 4)
Philippines logs 517 new Covid-19 cases as death toll tops 49,000 on Saturday (Dec 4)
Cases continue to rise as Vietnam records nearly 14,000 Covid-19 infections on Saturday
WHO chief scientist urges people not to panic over Omicron
World no. 1 Axelsen and India's P.V. Sindhu power their way into the finals of World Tour Finals in Indonesia
Vietnamese man to be extradited to Belgium after 39 people found dead in lorry in infamous tragedy
Myanmar's foreign trade deficit reaches nearly US$57 million by mid-November as Covid-19 cases continue to drop

Others Also Read


Vouchers