Nanning will capitalize on the 2006 Nanning Investment and Trade Fair by forging new economic ties with investors from home and abroad, as well as cementing new deals in domestic and foreign trade.

As a supplement to the Nanning International Folk Song Arts Festival, the investment and trade fair will make good use of the resources of businesspeople nationwide and worldwide to further promote the city's investment climate.

The city will propose 158 projects for potential investors and the projects will involve investments of 22.1 billion yuan (US$2.73 billion).

Projects related to the manufacturing industry, high-tech industry, modern service industry and agricultural industrialization will be highlighted by the city during the four-day event from October 31 to November 3, said Xiao Yingzi, vice-mayor of Nanning.

She expects that a total of 135 key projects would become operational in the four days.

The projects are related to the manufacturing industry, urban infrastructure and the tertiary industry.

The vice-mayor said that over 750 businesspeople including 320 from abroad have registered to be present at the fair, many of whom are seeking investment opportunities in Nanning.

As part of the fair, Xiao said, the Nanning-ASEAN Entrepreneurs Business Seminar will offer a platform for local businesspeople and chambers of commerce to forge closer co-operative relationships with their ASEAN counterparts.

1

2

(For more biz stories, please visit Industry Updates)