Guangzhou Investment Conference inked USD 130 bln of deals, strong foreign participation
Mar 31, 2021 (China Knowledge) - The southern Chinese metropolis of Guangzhou saw a total investment of more than RMB 860 bln inked during the Guangzhou Annual Investment Conference. This year, overseas sub-conferences were set up in six cities on four continents for the first time.
Themed "Pioneering New Growth, Spurring Fresh Vitality," this year's event attracted more than 2,000 guests from home and abroad, involving more than 460 enterprises and institutions from 35 countries and regions.
A total of 183 projects were signed during the meeting which are expected to yield more than RMB 600 bln in annual output value. The projects are in fields including artificial intelligence, biomedicine and high-end services.
The conference also released a supportive document on the Regional Comprehensive Economic Partnership (RCEP), introducing measures to facilitate the city's innovation and development in cross-border e-commerce.
In 2020, Guangzhou saw an increase of 7.5% in its actual utilization of foreign capital, while the investment capital by countries and regions along the Belt and Road grew by 67.6%.
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