International Investors Gather to Explore Opportunities at WCIFIT
Global Business Participation at WCIFIT
Over 1,300 enterprises from 39 countries gathered in Chongqing for the 7th Western China International Fair for Investment and Trade (WCIFIT). This impressive turnout showcases the growing global excitement surrounding the economic potentials in this dynamic region. The fair screens a wide range of innovations and trade initiatives, bringing together participants from 28 Chinese provinces and the Hong Kong Special Administrative Region.
Navigating New Frontiers in Manufacturing and Services
This year’s fair, themed "New Western China, New Manufacturing, New Services," aims to promote high-quality development and cultivate productive forces that align with the requirements of modern industries. A significant highlight of the event was the introduction of Lingjie, a groundbreaking heavy-duty truck developed by Qingling Motors and Huawei Digital Power. This truck marks a leap forward in green logistics with its ultra-fast charging capabilities.
Investment Deals and Economic Growth
During the opening ceremony, several noteworthy investment deals were signed, totaling over 200 billion yuan (approximately 27.6 billion USD). Various districts within Chongqing secured agreements worth more than 100 billion yuan, with a substantial portion allocated towards manufacturing and modern services, ensuring economic growth and development as a priority.
A Strong Collaborative Spirit
This year, Thailand proudly took center stage as the guest country of honor while Sichuan Province maintained its status as the permanent guest province. Additionally, the Hong Kong Special Administrative Region was welcomed as the new guest city of honor, reflecting a strong spirit of collaboration. Dr. Lalivan Karnchanachari, Thailand's Vice Minister of Foreign Affairs, emphasized the importance of deepening ties between Thailand and Chongqing, particularly in high-value manufacturing and supply chain development.
Features of the WCIFIT Exhibition
The WCIFIT exhibition offers a comprehensive experience, spanning three major sections: a comprehensive image section, international and regional cooperation, and modern industry presentations. Covering over 110,000 square meters across nine halls, the exhibition also features a virtual exhibition hall to broaden accessibility and engagement.
Engaging Events and Themed Activities
To facilitate connections and exploration of various sectors, the fair includes 29 themed activities addressing critical areas such as foreign investment, international trade, and public sector engagement. Many of these activities are hosted by the guest of honor, further enriching the event’s offerings.
Frequently Asked Questions
What is the WCIFIT?
The Western China International Fair for Investment and Trade (WCIFIT) is an annual event that connects international businesses with opportunities in Western China.
How many countries are participating in this year's fair?
This year's event features over 1,300 enterprises from 39 different countries and regions.
Which country is the guest of honor at the fair?
Thailand has been designated as the guest country of honor this year.
What significant innovations were showcased?
The debut of the megawatt-class supercharging heavy-duty truck, Lingjie, was a major highlight of the fair.
How can companies participate in WCIFIT?
Interested companies can typically register to participate through the official WCIFIT channels, often requiring an application and potential membership.
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