Agricultural fair reaps $4.6b contracts
Thursday, 18 October 2007
JINAN, Oct 17 (Xinhua): The Fifth China Agricultural Fair ended in Jinan of eastern Shandong Province yesterday with the signing of investment projects and purchases worth 4.6 billion US dollars, a senior agricultural official said.
Both the signed cooperation and intention agreements, which involve nearly 5 billion US dollars, realized a 20-per cent increase compared with last year, said Gao Hongbin, deputy minister of agriculture.
Foreign investors inked purchases of 4.4 billion yuan (583 million US dollars) in large-scale deals, accounting for 54 per cent of the total agreements.
The four-day event, with the theme of "Green Agriculture, Harmonious Countryside", attracted a record 1,600 firms, mostly green food makers from Chinese mainland and Taiwan, 90 companies from 19 countries including Japan, France and Britain, and 380 international purchasers.
Both the signed cooperation and intention agreements, which involve nearly 5 billion US dollars, realized a 20-per cent increase compared with last year, said Gao Hongbin, deputy minister of agriculture.
Foreign investors inked purchases of 4.4 billion yuan (583 million US dollars) in large-scale deals, accounting for 54 per cent of the total agreements.
The four-day event, with the theme of "Green Agriculture, Harmonious Countryside", attracted a record 1,600 firms, mostly green food makers from Chinese mainland and Taiwan, 90 companies from 19 countries including Japan, France and Britain, and 380 international purchasers.