About Zhaoqing

Trade fair attracts $4.70 b for Sihui

by Yang Jingya ( chinadaily.com.cn )

update: 2011-12-22

Trade fair attracts $4.70 b for Sihui

China (Sihui) Tangerine and Jade Cultural Festival and Trade Fair 2011 were held in Sihui, Zhaoqing city

China (Sihui) Tangerine and Jade Cultural Festival and Trade Fair 2011 were held in Sihui, Zhaoqing city in South China's Guangdong province from Dec 15 to 17.

As many as 70 programs, including 28 programs for contract signing, 19 for foundation laying and 23 for ribbon cuttings, were conducted during the event. This attracted a total investment of about 29.7 billion yuan ($4.70 billion).

Among the investment projects, 80 percent are large-scale, scientific-based, tax creating or environment-friendly. They cover areas of jade, electronics, chemical engineering and building materials. Twenty two projects are valued at more than 100 million yuan, accounting for 78 percent of all the 28 contract projects.

It is a development strategy for Sihui to promote industrial upgrading by introducing large-scale and high-quality investment projects reports Lu Dishan, vice secretary-general of the Guangdong CPC Provincial Committee. He explained this in his keynote speech at the opening ceremony on Dec 15.

Sihui, a county-level city subsidiary to Zhaoqing city, is well known for its tangerines and jade products.

More than 5000 people, including government officials, businessmen and tourists attended the opening ceremony and watched the art performance.

Edited by Chen Zhilin and Rakhee

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