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Zhejiang Trade Fair Opens
The 2000 Zhejiang Investment and Trade Fair opened in Ningbo City on June 8.
It has attracted 3,000 overseas businessmen with more than 2, 000 projects requiring a total investment of US$4 billion.
Some 110 of the 2,000 projects are provincial-listed deals in the fields of infrastructure, machinery, electronics, chemistry and agriculture.
Nearly three-fourths of the participants, or 2,700, came from the United States, Japan and Germany, among other countries. High- tech traders and Taiwan-funded firms also accounted for a large proportion.
Seminars on development of non-government enterprises, high- tech development and E-commerce were scheduled.
So far, Zhejiang Province has used US$10 billion of foreign funds. Its import and export value totaled US$18.3 billion last year, accounting for 30 percent of its total annual gross domestic product.
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