Ningxia to hold Int’l investment and trade fair

| 07/07/2009 | Reply

The China International Fair for Investment and Trade (CIFIT) will be
held in Ningxia Hui autonomous region from August 18 to 23, Wang
Zhengwei, chairman of the Ningxia regional government, announced at a
press conference Monday at the China Hui Culture Center in Yongning
County, Ningxia.

The fair, approved by the State Council, aims at
enhancing cooperation between Ningxia and other regions, as well as
attracting investors from home and abroad.

CIFIT – jointly held by the Ministry of Commerce, China Chamber of
International Commerce and People’s government of Ningxia Hui
autonomous region – will promote the region’s ethnic, commercial and
trade development and strengthen cooperation between east and west
China, Wang said.

He also said Ningxia’s Muslim culture makes the region attractive to
businessmen from Islamic countries, as well as Hui Muslim entrepreneurs
from other regions.

CIFIT will feature the Fourth Halal Food Exhibition, the Second Hui
Commercial Fair and Ningxia-Arab Economic and Trade Development seminar
to illustrate the region’s ethnic culture and its development potential
to business partners, Wang added.

In April, Ningxia built an urban agglomeration on the Yellow River called Golden Riverside.

Zhongwei cities as well as other small towns on
its outskirts – serves as the region’s major agricultural and
industrial base.

The China International Fair for Investment and Trade (CIFIT) will be
held in Ningxia Hui autonomous region from August 18 to 23, Wang
Zhengwei, chairman of the Ningxia regional government, announced at a
press conference Monday at the China Hui Culture Center in Yongning
County, Ningxia.

The fair, approved by the State Council, aims at
enhancing cooperation between Ningxia and other regions, as well as
attracting investors from home and abroad.

CIFIT – jointly held by the Ministry of Commerce, China Chamber of
International Commerce and People’s government of Ningxia Hui
autonomous region – will promote the region’s ethnic, commercial and
trade development and strengthen cooperation between east and west
China, Wang said.

He also said Ningxia’s Muslim culture makes the region attractive to
businessmen from Islamic countries, as well as Hui Muslim entrepreneurs
from other regions.

CIFIT will feature the Fourth Halal Food Exhibition, the Second Hui
Commercial Fair and Ningxia-Arab Economic and Trade Development seminar
to illustrate the region’s ethnic culture and its development potential
to business partners, Wang added.

In April, Ningxia built an urban agglomeration on the Yellow River called Golden Riverside.

The agglomeration – which is built around Yinchuan with
Shizuishan, Wuzhong and Zhongwei cities as well as other small towns on
its outskirts – serves as the region’s major agricultural and
industrial base.

Despite the global economic downturn Golden Riverside produces more
than 90percent of the region’s GDP. Forty-three percent of the
agglomeration’s area is urban, containing 57 percent of Ningxia’s
population.

“We are hoping to see in three years the population along the Yellow
Riverside reaching 4 million, accounting for 60 percent of the region,
and GDP surpassing 130 billion yuan ($103.64 billion),” said Wang.

Category: Asia, Media & Events

Leave a Reply

Pin It on Pinterest

Share This