The total trade volume of the six-day economic trade fair included on the agenda of the 99' Nanning International Folk Song and Art Festival reached over 20 billion yuan (2.4 billion US dollars) after closing day November 16.

One of the organizers said at a news conference in Nanning on November 16 that the Guangxi Zhuang Autonomous Region alone signed agreements on 72 projects with overseas businessmen, involving total investment of 1.4 billion US dollars with overseas investment accounting for 1. 27 billion dollars.

The trade volume of commodities came to 8.44 billion yuan (101 million dollars).

The official said the signed agreements also include domestic- invested projects and scientific research achievements.

More than 2,000 Chinese and overseas companies participated in the fair, along with over 400 businessmen from over 20 countries and regions include the US, Canada, Germany, France and Singapore.

The six-day festival took place in the regional capital of Nanning.