 |
Forum Plays a Role in Attracting Investors
The Xi'an Investment and Trade Forum, an annual promotion to attract overseas investments and to boom foreign trade as well as inter-province co-operation, was held Tuesday in Xi'an, capital of Shaanxi Province in Northwest China.
"This forum is an important effort on the part of Xi'an to develop through opening up, to promote opening at higher levels and wider areas. This forum will strive to facilitate co-operation, exchange, investment and common prosperity," said Feng Xuchu, mayor of Xi'an.
Sponsored by Xi'an municipal government, the 6-day forum attracted 350 delegations from across the country and 60 delegations from 17 countries and regions including the United States, Britain, Germany and Japan, Feng said.
During the forum, 226 promising projects are being displayed for some 20 billion yuan (US$2.41 billion) of investment. The projects involve infrastructure, tourism equipment and facilities, modern agriculture, machinery, electronics, chemical industry, biological pharmacy, building materials, foodstuffs and real estate, according to the mayor.
The Xi'an Investment and Trade Forum, which has been held for nine consecutive years since 1991, has achieved good results and influence. Especially the forums in 1998 and 1999, when 203 contracts for foreign funds were signed with US$1.07 billion, and 838 co-operative projects between Xi'an and other cities in China were signed with an investment of 8.06 billion yuan (US$971 million).
"The success of the forum has expanded our city's economic and technological co-operation with other Chinese cities and foreign countries. The forum has become a stage on which domestic and foreign enterprises can seek their own development chances," the mayor said.
Feng said Xi'an has potential in tourism and technologies and a bright prospect for market expansion. In response to the current campaign to develop the country's western regions, Xi'an has formulated a series of preferential policies encouraging domestic and foreign investment and co-operation.
"Xi'an is now more open than ever to investors from all over the world," Feng said.
In This Section
|