$7.6b projects inked at trade fair in Tianjin

TIANJIN - A total of 48 projects with an investment of 50.94 billion yuan ($7.6 billion) were inked at the ongoing trade fair in North China's Tianjin municipality Thursday.

Among the 48 projects signed at China Tianjin International Fair for Investment and Trade, 37 were projects with domestic investment totalling 36.43 billion yuan and the other 11 with foreign investment of 14.5 billion yuan.

Among them, 27 were related to the service sector, with a total investment of 21.66 billion yuan. Another 16 were related to advanced manufacturing, intelligent manufacturing and high tech, with an investment of 23.33 billion yuan, and five related to new energy and new materials, with an investment of 5.95 billion yuan.

China Tianjin International Fair for Investment and Trade opened in Tianjin on Thursday, focusing on opening-up, cooperation and high-quality development.

Company executives and officials from 36 countries and regions are scheduled to attend this year's trade fair, with 2,868 booths in an area of 60,000 square meters, including 468 booths set to draw international talents for coordinated development of Beijing-Tianjin-Hebei regions.

The fair, which is to last until April 22, is expected to attract 200,000 visitors in the next four days.