The Fifth WCIFIT Opens in Chongqing, with Record-high Exhibitors from 40 Countries, Regions
PR Newswire
18 May 2023, 22:41 GMT+10
CHONGQING, China, May 18, 2023 /PRNewswire/ -- A news report from iChongqing - Chongqing - The Fifth Western China International Fair for Investment and Trade (WCIFIT) Opening Ceremony and the 2023 CCI-ILSTC International Cooperation Forum commenced in Southwest China's Chongqing on May 18.
The ten gigabit Ethernet switching chip developed by China Aerospace Science and Technology Corporation was unveiled at the Fifth WCIFIT, on May 18, Chongqing. (Chongqing Release/Zou Le)
With 13 exhibition halls covering 180,000 square meters this year, the largest in history, the WCIFIT has set the annual theme of "Inland China Opening-up & Innovative Development Driven by Digital Technology," featuring two major thematic exhibition areas focused on investment, trade and industry promotion.
Malaysia is the guest country of honor, and China's Sichuan and Gansu provinces are the guest provinces.
During the WCIFIT, Chongqing signed 84 projects worth a contract investment of 285.415 billion yuan (about USD 40.69 billion). The investment projects of centrally-managed enterprises include the joint construction of advanced manufacturing clusters, digital economy industries in western China and energy development and utilization.
"To foster digital connectivity and streamline customs procedures, Singapore's and China's customs authorities have linked up the National Single Window systems to enable the electronic exchange of trade documents and data," said Tan Kiat How, Senior Minister of State, Ministry of National Development & Ministry of Communications and Information, Singapore.
The 2023 CCI-ILSTC International Cooperation Forum saw guests from Singapore, Laos, Malaysia, Vietnam and other countries discussing how to build the linkage between western China and the world through the New International Land-sea Trade Corridor (ILSTC).
Vilaykham Phosalath, Vice Minister of the Ministry of Public Works and Transport of Laos, stated that the China-Laos Railway plays a significant role in goods transportation between the two countries. It also provides great convenience to ASEAN countries for cross-border transport, such as Thailand, Malaysia, Myanmar and Singapore.
At the forum, the China Federation of Logistics & Purchasing released the 2022 Development Index of the ILSTC, highlighting three aspects: development scale, quality and competitiveness.
Data shows that the 2022 Development Index of the ILSTC was 135.2, increased by 10.3% and 32.5% compared to 2021 and 2020 respectively.
During the four-day conference, more than 900 enterprises and 186 guests from 40 countries and regions as well as 29 provincial regions and two special administrative regions in China gathered in Chongqing to participate in a series of events, including the "Invest in China" Western Region Special Promotion Event and the 2023 Forbes China Urban Consumption Development Forum.
For more, please visit: https://www.ichongqing.info/special/the-5th-wcifit/
Subscribe and Follow
Get a daily dose of Vietnam Tribune news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Vietnam Tribune.
More Information
27
℃
Dr. Yasmin acquitted: Police failed to produce any evidence against her
LAHORE, Pakistan - On Saturday, an anti-terrorism court acquitted Pakistan Tehreek-e-Insaf (PTI) leader Yasmin Rashid of an attack on the ...
Japan suspends official aid for Yangon-Mandalay Railway Development Project
TOKYO, Japan - The Japanese government has suspended official development aid for the Yangon-Mandalay Railway Development Project, a long-standing symbol ...
March-May Everest's climbing season:12 climbers die, 5 still missing on slopes
KATHMANDU, Nepal - A Malaysian mountaineer narrowly survived after a Nepali sherpa guide hauled him down from below Mount Everest's ...
"There are other continents on planet": Hasina tells people not to worry if can't go to America
DHAKA, Bangladesh - Sheikh Hasina has vowed to build a self-sufficient Bangladesh and has urged citizens not to be concerned ...
Missing German climber Luis Stitzinger found dead on Mt. Kanchenjunga
KATHMANDU, Nepal - The body of German climber Luis Stitzinger has been airlifted from Mt Kanchenjunga to Kathmandu, according to ...
PM Sharif leaves for Turkey to attend 'brother' Erdogan's inauguration
ISLAMABAD, Pakistan - Prime Minister Shehbaz Sharif left for Turkey on Friday to attend the inauguration of his "brother," President ...
160-year-old Mass. church called 'total loss" after lightning strike
SPENCER, Massachusetts: Spencer, Massachusetts Fire Chief Robert Parsons has said that a June 2 fire that burned down a 160-year-old ...
Russia says journalists from 'unfriendly' country cannot cover forum
MOSCOW, Russia: Journalists from countries that are "unfriendly" to Russia will be banned from covering this year's St. Petersburg International ...
Experts teach California owners how to burn fields to stop wildfires
SAN FRANCISCO, California: Landowners in California participated this week in a class organized by the El Dorado Amador Prescribed Burn ...
Palestinian boy, 2, dies in hospital after being shot by Israeli army snipers
RAMALLAH, Wet Bank - A two-and-a-half-year-old Palestinian boy shot in the head by Israeli troops has died in hospitalThe boy, ...
Former governor Chris Christie to join those seeking presidency
NEWARK, New Jersey: Six years after his 2016 presidential campaign failed to succeed, Chris Christie, former New Jersey Governor, will ...
Japan: $26 billion for families to counter declining birth rate
TOKYO, Japan: To counter the declining national birthrate, Japan's Prime Minister Fumio Kishida pledged to double spending over the next ...
