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Xuzhou trading group concluded productive visit to the 3rd CIIE
updated on:2020-11-20 11:19

Xuzhou trading group concluded a very productive visit to the 3rd CIIE, which was held from November 5 to 10 in Shanghai, by making full use of the platform for promoting international procurement, investment, cultural and people-to-people exchange, and openness and cooperation in line with the instruction of Xuzhou City and Jiangsu Province through close coordination of different levels. The achievements were evidenced by the following.

First, the scale of trading group expanded. Three more company delegations organized by XCMG, Xuzhou Coal Mining Group, and Xuzhou open platform were added to the trading group consisting of county (city) and district delegations as well as the delegation of municipal SASAC and the health commission. Within the group, there were 1,489 registered enterprises with 4,700 applicants, ranking fourth and fifth provincially, both moving up one place compared to the previous year.

Second, the size and structure of purchase deals exceled those from the previous CIIE. More than 80% of the deals were concluded in the exhibition areas of technology equipment, automobile, and medical equipment, which reflected Xuzhou’s demand for industrial transformation and upgrading.

Third, a number of agreements were signed. On November 7, eight procurement projects, including XCMG’s procurement of chassis of Daimler Truck, Guoneng Group’s procurement of HUGONG high-power wide fiber laser cutting machine, and the one on cross-border e-commerce between Fengxian County and Pinnuo, were signed in Xuzhou open platform investment presentation and matchmaking with procurement scale over USD 100 million.

Fourth, business promotion proved to be effective. Facilitated by CIIE, cooperation between Xuzhou and AstraZeneca on developing integrated lung cancer diagnosis and treatment center, regional innovation center, and the third production base in Xuzhou as well as cooperation between Xuzhou and Enhua Pharmaceuticals have made substantial progress. Pizhou and Xinyi Development Zones signed cooperation projects on semiconductor and new building materials with Japanese and the US exhibitors respectively with investment of USD 100 million and USD 30 million. Peixian County Dashahe smart orchard and Nokia Bell signed FDI contract of intention with value of USD 55 million based on the negotiation of fruit IoT production base project. 

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