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Province promoted at inaugural business event

By YUAN SHENGGAO | (China Daily) | Updated : 2020-11-19

A total of 380.5 billion yuan ($57.84 billion) in deals were inked, covering 137 projects in Northeast China's Liaoning province, during the Liaoning International Fair for Investment and Trade held in the provincial capital Shenyang from Friday to Tuesday.

Of the deals signed at the inaugural event, 48 were key projects covering cooperative cross-border e-commerce between Shenyang and South Korea, international trade in agricultural products between Shenyang and Northeast Asia, and the upgrading of the iron and steel industry in Fushun, Liaoning province.

The fair focused on new development opportunities for cooperation among Northeast Asian countries, and attracted more than 700 participants from home and abroad including senior officials, representatives from State-owned enterprises and financial institutions as well as Fortune 500 companies and private businesses.

Gao Yan, head of the China Council for the Promotion of International Trade, said the council is eager to cooperate with the Liaoning provincial government and business communities to establish a high-quality trade promotion platform to provide companies at home and abroad with more collaboration opportunities.

As a new platform to showcase Liaoning's opening-up achievements and to promote trade and investment, LIFIT also attracted 100 major buyers to its Liaoning brand exhibition.

Holding the fair is a major move that helps to promote the province's high-quality development, said Liu Ning, governor of Liaoning province.

Liaoning is on the road to an all-around revitalization and the province is welcoming every entrepreneur to invest and operate businesses here, Liu said.

Co-organized by the Liaoning provincial government, the Department of Commerce of Liaoning and 14 city and district governments, the event hosted a series of themed activities ranging from trade talks, industry matchmaking events and product purchasing to brand exhibitions.

During the event, organizers also announced the winners of Liaoning brand accreditation, with a total of 140 brands listed.

Collectively, the winning brands signed deals worth 1.34 billion yuan at the fair. They are expected to become a characteristic industry in Liaoning and will be promoted at home and abroad, local officials said.

In addition, exhibitors from cities in the province showcased time-honored products, large-scale equipment, high-tech products, intangible cultural heritage items and green agricultural products among others, according to the organizers.

Due to the impact of the COVID-19 outbreak, LIFIT also launched an online platform to hold activities such as exhibitions, promotions and forums, allowing business participants to interact and conduct trade discussions remotely, the organizers said.

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Party Secretary of Liaoning province Zhang Guoqing and other officials visit exhibition areas at the Liaoning International Fair for Investment and Trade. [Photo/ China Daily]

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Attendees take an interest in a humanoid robot displayed at the fair. [Photo/ China Daily]

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The signing ceremony for the Liaoning International Fair for Investment and Trade sees a number of deals covering a wide range of projects inked. [Photo/ China Daily]

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