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Lanzhou signs deals worth 79.08 bln yuan at trade fair

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Lanzhou signed a total of 109 deals worth 79.08 billion yuan (US$12.36 billion) at the 24th China Lanzhou Investment and Trade Fair held in the city between July 5 and July 9.

The contracted investment amount marked an increase of 4.8 percent year-on-year.

Thirty deals are worth more than one billion yuan (US$156.25 million) each and relevant investment totaled 54.07 billion yuan (US$8.45 billion), accounting for 68.37 percent of the total, according to an official from the Lanzhou Municipal Economic Cooperation Bureau.

15 deals are signed with Fortune Global 500 companies, China's Top 500 companies or China's Top 500 private enterprises. Six of these companies, including Shanshan Group, Tasly Holding Group, China Baowu Steel Group Corporation Limited, China National Building Material Group, China National Pharmaceutical Group Corporation (Sinopharm) and Guangzhou Pharmaceutical Holdings Limited (GPHL), are new investors.

74 of these projects are related to such sectors as industry, high and new tech, biomedicine, cultural tourism and modern services, involving an aggregate investment of 49.46 billion yuan (US$7.73 billion), accounting for 62.5 percent of the total. 

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