REGIONAL> Highlights
Zhongshan attracts $2.6 billon investment
(chinadaily.com.cn)
Updated: 2009-04-01 16:41

ZHONGSHAN, Guangdong: Zhongshan, a city in the south of Pearl River Delta region, is expected to sign 231 domestic and overseas investment agreements this year, involving more than $2.6 billion, the city government said.

The agreements will follow a series of large economic and trade fairs held in the city, serving as an effective way to avoid the impact of the global economic meltdown.

While many industrial and trade centers are struggling to manage losses and ride out the global economic crisis, Zhongshan managed to generate 46.7 billion yuan in industrial output in the first two months of this year.

As many as 14 industrial trade fairs will be held, involving sectors ranging from home appliance and furniture to bathroom equipment, sources with the local government said.

The Zhongshan Investment and Trade Fair, held over the weekend, attracted more than 50 companies from Sweden. The event was a new high water mark in the links between the coastal city and its longstanding European trading partner.

The 50 Swedish companies and organizations represented included a number of Sweden’s well-known names, such as Volvo, Ikea and Ericsson.

A number of economic and trade agreements between Zhongshan and Sweden were reached, including cooperative agreements signed between the city government and three counterparties from Sweden’s South Dalarnas province.