INP-WealthPk
China-led expo concluded with 263.87 billion yuan investment
December 01, 2020
BEIJING, December 1 (INP): China-led expo, 17th China-ASEAN Expo (CAEXPO) concluded with 263.87 billion yuan investment.
According to the spokesperson of Chinese Foreign Ministry Hua Chunying, at the signing ceremony, 86 investment cooperation projects were signed, with the total investment volume of 263.87 billion yuan, marking a year-on-year increase of 43.6%, the highest since the first CAEXPO.
The volume and quality of major projects have also significantly improved, and 85.3% of them were attributed to the three major industries and three new industries, namely, big data, health, logistics, new energy, new manufacturing, and new materials.
This fully shows the growing "magnetic field" effect of the Expo platform, where more and more Chinese and overseas companies share development dividends.
Hua Chunying added, "this year marks the 17th anniversary of the inception of China-ASEAN Expo (CAEXPO) and China-ASEAN Business and Investment Summit (CABIS). It is a major international expo co-hosted by China and ASEAN countries amid the joint efforts to fight COVID-19.
More than 1,600 businesses participated in physical exhibitions and many other overseas customers and companies attended the online "Cloud CAEXPO". President Xi Jinping attached high importance to it.
He delivered a video address at the opening ceremony and made four proposals on advancing China-ASEAN cooperation and cultivating a closer China-ASEAN community with a shared future, including further synergizing our development plans, facilitating an early and full recovery of the regional economy, deepening cooperation on the digital economy and enhancing capacity building in public health.
China is actively fostering a new development paradigm and stays as committed as ever to further opening-up, which will effectively boost regional economic recovery.
China stands ready to work with ASEAN to advance cooperation across the board, build a closer China-ASEAN community with a shared future, and make greater contribution to regional and world peace, stability, development and prosperity."
INP/javed
