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Contracts inked at Longyan Investment Fair

By Tong Hao (chinadaily.com.cn)
Updated: 2009-11-19 11:36

The 6th China Longyan Investment Fair opened in Longyan, a southwest city of Fujian province, on Nov 18, during which 102 agreements with a total contract value of 12.88 billion yuan were signed.

The agreements mainly focus on the machinery, electronics, textile and construction material industries and involve 21 overseas-invested projects from Taiwan, Hong Kong, Macao, Southeast Asia, Europe and the United States with a total investment of $390 million.

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Compared with the previous investment fair held in 2008, the number of agreements decreased by 17 this year, but the total contract value increased by 16.8 percent, or 1.85 billion yuan.

Other activities were also held as part of the fair including the 2nd Regional Cooperation Forum of Western Straits Economic Zone, the 1st Cross-Strait Machinery Industry Exposition, and the 5th West Fujian Snack Festival.

The investment fair will last until Nov 21 and is estimated to attract nearly 2,700 visitors from home and 40 foreign countries and districts. About 300 visitors from Taiwan were present at the fair.

During the past six years, the number of visitors increased from 500 in 2004 to 2,700 this year and the total contract value jumped from 4.8 billion yuan to 12.88 billion yuan.

The investment fair has been held by the Longyan government every year on Nov 18 since 2004.