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Trade Fair on Western Development Closed
Nearly 200 contracts with a total turnover of 10.8 billion yuan (about 1.3 billion USdollars) were signed at the investment and trade fair on western development, which closed Monday in Xining, capital of west China's Qinghai Province.
The fair, with the purpose of encouraging eastern enterprises to take part in the adjustment of the western industrial structure, was jointly sponsored by eight provinces, autonomous regions and municipalities including Qinghai, Tianjin, Chongqing and Guangxi, and it is believed to be another important step in pushing forward the country's western development strategy.
Activities including an introduction to local products, a commodities fair, a hi-tech achievements show, and forums and symposiums were held at the fair.
Organizers said that the fair succeeded in enhancing cooperation between eastern and western enterprises, readjusting the old-fashioned industrial structure in the west, and stimulating the development of western region economies with local characteristics.
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