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Investment deals from 7th China-Eurasia expo hits record high

By Zhong Nan and Mao Weihua | | Updated: 2022-09-21 13:34
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More than 960 billion yuan ($136.32 billion) worth of contracts have been signed during the seventh China-Eurasia Expo. [Photo/]

The total value of investment deals signed at the seventh China-Eurasia Expo, held from Sept 19 to 23 in Urumqi, capital of Northwest China's Xinjiang Uygur autonomous region, hit a record level in the event's history, according to the event's organizer.

More than 960 billion yuan ($136.32 billion) worth of contracts have been signed during the event, more than three times the figure of the last expo held in 2018, statistics from Xinjiang's department of commerce showed.

These deals are mostly in energy and electricity, petroleum and chemicals, coal, infrastructure, garment and textiles, culture and tourism, commerce and logistics, and real estate sectors.

The manufacturing industry accounted for 83.61 percent of all signed investment deals, totaling 809.25 billion yuan, the government said.

Held both online and offline, the grand event focuses on business areas with bright market prospects, high-end technology and big-ticket investment projects.

Covering an exhibition area of 40,000 square meters, the expo has established three zones featuring themes such as investment cooperation and commodity trade.

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