South China's Guangdong Province has chosen 87 projects and set a purchase list of more than 100 million US dollars for the coming 99' Guangdong Foreign Trade and Economic Fair in London and Paris on December 7 and 14, respectively.

These projects involve infrastructure, machinery and electronics, building materials, medical equipment, textiles, chemicals, and agriculture. The province also expects to purchase underground subway components as well during the fair, said local officials.

The fair will provide a good opportunity for Guangdong to introduce itself to more foreign investors in Europe, said Huang Ziqiang, who is in charge of the provincial foreign trade and economics.

About three-fourths of the projects are for small and medium- sized European enterprises, and they are also very competitive, with hi-tech features and good operational systems, said Huang Zhiwei, who is in charge of the province's foreign investment, adding that they will make every effort to intensify their economic activities in Europe.

The recent visit of Chinese President Jiang Zemin to Britain and France, the Sino-US agreement on China's accession to the World Trade Organization, and the ongoing negotiations between China and the European Union (EU), are all favorable conditions for Guangdong to expand its trade and purchase activities in Europe, said the officials.

Guangdong's annual foreign trade value is some 130 billion US dollars, 40 percent of the country's total, while EU countries have invested in 900 projects in the province involving 7.5 billion US dollars. (Xinhua)