Over 2,200 companies seek opportunities at investment and trade fair in northwest China – 2024-08-01 03:03:47

by times news cr

2024-08-01 03:03:47

LANZHOUMore than 2,200 domestic and foreign companies are seeking business opportunities at the 30th Lanzhou China Investment and Trade Fair, which opened on Saturday, July 6, in Lanzhou, capital of Gansu Province in northwest China.

Representatives of governments, embassies, consulates, business councils and companies from 23 countries, including Belarus, Uzbekistan and Uruguay, have been invited to attend the five-day event which ends on Wednesday.

So far, a total of 1,325 investment and cooperation agreements have been reached, covering areas such as digital information, new energy, equipment manufacturing, petrochemical industry and specialized agricultural products, with a total value of nearly 604 billion yuan (about 84.7 billion U.S. dollars).

The fair will also feature trade promotions and exchange activities. More than 40,000 visitors are expected to attend.

First held in 1993, the event serves as a window for the opening-up of northwest China and has become an important event for Belt and Road economic and trade cooperation.

Last year, the event attracted more than 1,600 domestic and foreign companies. A total of 1,172 contracts were signed during the five-day fair.

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