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West China

Xi'an logistics zone pens new investment deals

2015-06-05 12:13:49

The International Trade and Logistics Park in Xi’an city, Shaanxi province, held a signing ceremony on May 25 at the 19th Investment and Trade Forum for Cooperation between East and West China (ITFCEW).

At the ceremony, a range of project deals – 30 in total – that will be based at the International Trade and Logistics Park, were signed. The projects cover logistics, electronic business and financial service. Capital investment involved in all 30 projects totaled 25.7 billion yuan ($4.15 billion); the investment is expected to promote the zone’s service industry.

The International Trade and Logistics Park has built a comprehensive logistics platform, including a comprehensive bonded zone, railway container center and Chang’an – an international freight train that operates between Xi’an and Central Asia. The infrastructure has attracted e-commerce giants such as JD.com, Gome.com.cn and Alibaba Group to the park.

At the signing ceremony, Yang Mingrui, director of the zone’s administrative committee addressed participants by saying that the zone will provide more qualified services and release more preferential policies in terms of project approval, construction and management.

Related information ITFCEW began in 1997 and is designed with the view of improving cooperation between East and West China. This year, the event was held from May 22 -26 and was aimed at showing off the characteristics and investment environment of each of the participating countries. The ITFCEW arranged a customs forum and dialogue meetings for leaders and country representatives from the nations participating at the event. Thousands of business projects and products were put on display by exhibitors.

Source: China Daily

Editor:Liu Kan