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Wednesday,November 22,2017
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Chongqing Guangzhou Sign Businesses Pact

Updated Beijing Time

Source: China Daily

Businesses from Chongqing and Guangzhou signed 20 cooperation projects worth of 1.96 billion yuan last week.

The projects mainly involve automobile, home appliance, pharmaceutical and equipment manufacturing industries, including a 300-million-yuan cooperation project between Guangzhou Pharmaceutical Holdings Ltd and Chongqing Taiji Industry (Group) Co Ltd, a 200-million-yuan cooperation project on wind power generating facilities between Guangzhou High Technology Industry Group Co and Chongqing Hengte Automation.

Meanwhile, governments of the two cities signed a framework agreement to promote their economic and trade cooperation. Zhang Xuan, deputy Party secretary of Chongqing, says: "As enterprises are moving from the coastal regions to inland cities in recent years, the two cities need closer cooperation to drive economic development."


[More Guangzhou News]

Editor: Carrot Chan

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