Two fairs at Hunan Business Conference

The Hunan Product Marketing Fair and Universities and Enterprises Cooperation Fair, were held at 2011 Hunan Economic Cooperation Fair (Hunan Business Conference) on Sept 29.

The fairs were aimed to promote local agricultural products and research findings. The Hunan Product Marketing Fair attracted over 60 local agriculture companies that introduced over 200 products. Also during the fair, 43 cooperative projects and 19 strategic cooperative agreements were signed, with the contract investment amounting to three billion yuan.

Statistics show that in 2010, the turnover of Hunan's agricultural products processing industry amounted to 320 billion yuan, ranking third place in China. The number of large-scale agricultural processing companies increased to 3,120 by 2010, of which 256 of the companies' sales revenue was of over 100 million yuan.

Local companies including Sany, Broad, Longping Hi-Tech, Yiyang Tea, Furongwang and Jiugui have played important roles in Hunan's economic development.

The Universities and Enterprises Cooperation Fair was also held at the conference, where more than 40 universities and research institutions were invited to establish long-term cooperation with enterprises. The province, with its renowned universities and research institutes, including Central South University, Hunan University and South China University, has great potential in applying research findings to practice.

The cooperation between universities and enterprises is considered important to Hunan's economic future.