Xinjiang business group craves cooperation deals in CIIE
By Wang Jiamei
Source:Global Times
As the core area of the Silk Road Economic Belt, Northwest
China's Xinjiang Uyghur Autonomous Region is taking advantage of the second
China International Import Expo (CIIE) to boost its local economic development
and foreign trade, officials and business representatives said on Wednesday.
The CIIE will not only provide a platform for overseas
companies and products, including those in the Eurasian region, to enter the
Chinese market, but will also give Eurasian companies a better understanding of
Xinjiang, Liu Xuesong, deputy director of the Department of Eurasia Affairs at
the Ministry of Commerce, said at a signing ceremony of Xinjiang-themed
projects during the CIIE in Shanghai on Wednesday.
Xinjiang authorities and companies inked a series of key
cooperation agreements with foreign and domestic businesses on Wednesday,
covering issues ranging from the establishment of the China-Russia
International Chamber of Commerce to the opening of 200 Russian supermarkets in
Xinjiang.
Specifically, Beijing Fengxiang will offer supply-chain
financial services to Xinjiang International Land Port Group, according to
their agreement on Wednesday.
"Over the past two years, we have already been offering
financial services to three large-scale, Xinjiang-based companies including
Xinjiang Zhongtai Chemical Co. Now we have our fourth client in Xinjiang,"
Hu Junliang, business representative from Beijing Fengxiang's Xinjiang branch,
told the Global Times on Wednesday.
Foreign businesses are also satisfied with their new orders
from this region. Irakli Bokuchava, a business representative from JSC Telliani
Valley, a winery company from Georgia, told the Global Times on Wednesday that
his firm had just signed an agreement with a Xinjiang-based e-commerce
platform, which allows them to sell 3 million yuan ($428,600) worth of wine.
The signing ceremony has attracted the interest of many
private Xinjiang companies, who are looking forward to business opportunities
brought about by such major cooperation projects.
"I came here to have a look as I'm sure that there are
some projects we're interested in," Yu Chengzhong, chairman of the board
of directors of Khorgos Jinyi International Trade Co, told the Global Times on
Wednesday.
"I'm in the trade business. I'd like to see if there
are any potential products for my business at the CIIE," Li Dongfeng,
general manager of Khorgos Golden Eagle Plaza, told the Global Times on
Wednesday.
Under the Belt and Road Initiative and other favorable
policies, Xinjiang is currently on a fast track to becoming an important node
in China's industrial value chain.
"I do feel that there has been a rising trend in
Xinjiang's industrial development in recent years," Hu noted, adding that
as industries begin to form in Xinjiang, there will be lots potential to be
tapped.
In the first three quarters of 2019, Xinjiang's GDP totaled
912.7 billion yuan, up 6.1 percent year-on-year, according to data from the Xinjiang
regional government.
Xinjiang business group craves cooperation deals in CIIE
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