GZ Reaps USD 360 Mln Order from "GD - HK Trade Exchange"

Source: english.gz.gov.cn

The much anticipated Guangzhou Taikoo Hui is not only, hopefully to be started in business before the Guangzhou Asian Games next year, but also will make use of the branding advantages of numerous top brands from the Hong Kong Taikoo Hui group to open Guangzhou's top class, and most comprehensive shopping mall in the Tianhe commercial circle.

It was learned from the Guangzhou Foreign Economic and Trade Cooperation Bureau that, at the "2009 Guangdong – Hong Kong Economic and Technological Trade Cooperation Exchange" held on June 25, that Taikoo Hui and Guangzhou signed an RMB 150 million worth of foreign funded orders. Thus, Taikoo Hui's total investment will hit RMB 5 billion, becoming the largest business investment project in Tianhe Road commercial circle.

At the exchange, the Guangzhou and Hong Kong Kim Ju Industrial Co., Ltd. signed an order of USD 80 million. According to statistics, Guangzhou has signed a total of USD 360 million in foreign projects at the 3-day "Guangdong-Hong Kong Trade Exchange".

Vice Mayor Chen Mingde, said that, under the severe impact of the financial crisis, Guangzhou and Hong Kong plan to form closer economic and trade cooperation ties. The two sides will form a relationship of complementary advantages and mutual dependence to boost their economies in order to step quickly towards integration and globalization through profound industrial cooperation.

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Editor: Chen Minjie