Top Biz News

Changxing to host trade, investment expo

By Ji Zhe (China Daily)
Updated: 2006-09-20 10:16

The China Changxing International Trade and Investment Exposition will take place from October 8 to 11 in Changxing County in East China's Zhejiang Province.

The trade and investment promotional event is jointly sponsored by People's Daily and Nihon Keizai Shimbun Inc (Nikkei), a leading business news company in Japan, and organized by the county government.

The 11th Sino-Japanese Economic Forum, as part of the expo, will be held in Changxing on October 9, in an effort to promote trade and economic ties between the neighbouring countries. The forum will discuss Sino-Japanese economic co-operation during China's 11th Five-Year Plan (2006-10) period.

Discussion topics will include the emerging business opportunities in the financial services sector, the possibility of improving co-operation in environmental protection and agricultural industrialization.

The biennial event has been held 10 sessions since 1984. This will be the first time Changxing County will host it.

Changxing was picked because of its economic strength and booming foreign investment. It ranked among top 100 counties in Chinese mainland.

In 2005, the county's production value increased by 15 per cent, its finance revenue grew by 20.49 per cent and per capita income grew by 13.5 per cent, compared with figures from 2004.

The county's economic development zone has tried to fully mobilize every possible positive factor to attract projects and solve development problems, an effort which has paid off.

From January to April this year, six projects were agreed bringing foreign capital of US$10.1 million, of which US$5.75million was actually finalized.