A total of 251 contracts were signed Thursday at the ongoing South and Southeast Asia Commodity Expo and Investment Fair (SSACEIF) held in Kunming, capital of southwest China’s Yunnan Province.
The signed projects covered multiple industries of green energy, green food, tourism and digital economy, the provincial bureau of investment promotion said. Foreign-invested projects have attracted investors from Myanmar and Thailand, among other countries and regions.
Other investment promotions will be held during the event, with the total contractual value expected to exceed 600 billion yuan (86.7 billion U.S. dollars).
The number of contracts with each valuing more than 1 billion yuan (144 million U.S. dollars) reached 83, including a 7-billion-yuan construction project invested by the China Agricultural National Development Group. The group plans to build an ecological logistics park for farm produce in Qujing City.
With six major exhibition areas, 17 pavilions and 7,500 standard booths, the week-long exposition features more than 3,300 exhibitors from 74 countries, regions and international organisations, with nearly half of the enterprises from overseas.
The southwestern province is a gateway to South and Southeast Asia and is turning into a frontier in the country’s new round of opening up as the Belt and Road construction forges ahead.