Record-Breaking Investments at the 20th China-ASEAN Expo: An Unprecedented Boost to Economic Growth

2023-09-17 17:14:48

The signing ceremony of the 20th China-ASEAN Expo was held in Nanning, Guangxi on September 17. A total of 470 investment cooperation projects were organized and signed at this China-ASEAN Expo, with a total investment of 487.3 billion yuan, of which manufacturing investment accounted for more than 65%. The number of events, number of projects, total investment and proportion of manufacturing investment all hit record highs.

Focusing on the theme of “Building a Homeland with Harmony and Sharing a Destiny for a Shared Future – Promoting the High-Quality Development of the ‘One Belt, One Road’ and Creating an Economic Growth Center”, this China-ASEAN Expo organized more than 70 major investment promotion activities and organized on-site centralized signings. 184 projects. Among them, there are 170 investment cooperation projects and 14 international trade and “going out” foreign investment projects. The average investment amount of projects is more than 1.8 billion yuan, an increase of 300 million yuan compared with the previous year. Among them, there are 17 projects of more than 5 billion yuan, accounting for 52% of the investment; 15 foreign-invested projects, with a total investment of 10.5 billion yuan.

According to reports, the major projects include the 3 million tons annual forestry, pulp and paper integrated project invested by Jinguang Paper (China) Investment Co., Ltd. with an investment of 28.3 billion yuan, and the alumina alumina project built by Shanghai Rongrong New Material Technology Co., Ltd. with an investment of 10.7 billion yuan. Continuous fiber products project, as well as the high-purity silicon-based new material industrial park project invested by China Construction Group with an investment of 10.6 billion yuan.

Read more:  Vienna shares end: a little deeper - waiting for Powell's speech in Jackson Hole

(Source of article: Securities Daily)

Source of article: Securities Daily

Original title: The total investment in projects signed for the 20th China-ASEAN Expo exceeds 480 billion yuan

Solemnly declare:Oriental Fortune publishes this content to disseminate more information. It has nothing to do with the position of this site and does not constitute investment advice. Operate accordingly at your own risk.

#total #investment #contracted #projects #20th #ChinaASEAN #Expo #exceeds #billion #yuan_Oriental #Fortune #Network

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.