West China Fair Attracts Multinational Companies

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Last updated at: (Beijing Time) Saturday, April 05, 2003

West China Fair Attracts Multinational Companies

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More than 40 multinational firms, including Siemens, Fujitsu and Amway, have registered to attend the 7th Investment and Trade Fair for Cooperation Between East and West China, say sources with the organizing committee Friday.

Nearly 1,500 overseas business people are to attend the five-day fair, which is due to open Sunday in Xi'an, the capital city of northwestern Shaanxi Province, according to the committee.

The fair, held annually since 1997, has become a national eventhosted by the governments of 23 provinces, municipalities and autonomous regions, drawing more than 8,000 enterprises from home and abroad, and some 100,000 Chinese and overseas business people.

This year's fair includes seminars on how the country's westernregions can attract overseas investment, exchanges of high-tech products and a commodity fair.

In order to draw overseas investment, Shaanxi province will offer more than 2,000 projects ranging from infrastructure construction, agriculture and forestry, and mergers of assets.

A seminar will be held on international mergers and regrouping of assets, which is expected to draw approximately 30 multinational investment companies and a large number of Chinese enterprises in the western regions.

Meanwhile, the Second West China Fair for Attracting Overseas Investment will be held in the city of Xi'an simultaneously.

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