Agricultural wholesalers boosted by relocation out of Beijing

Agreements on 10 relocation and investment projects, worth 31.2 billion yuan ($4.5 billion), were signed at a financial capital matchmaking symposium between 200 Beijing-based companies and 30 development zones in Tianjin and Hebei province.

The financial matchmaking event, held in Beijing on Tuesday, was one of the most recent events organized to promote the Beijing-Tianjin-Hebei integration strategy. The strategy aims to integrate resources, capital and skilled employees, to boost the less-developed areas in the three regions.

One of the established major central relocation projects in the Beijing-Tianjin-Hebei integration strategy - the Xinfadi wholesale agricultural goods and logistics center in Gaobeidian, Hebei province has expanded rapidly to become home to 5,300 wholesalers, with a total average daily trade volume of 116,000 metric tons of farm produce, worth 115 million yuan.