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Projects worth RMB 8 billion with Japan and R.O.K

Source: Changjiang Weekly 04/17/2018 03:04:28

Wuhan has just signed agreements for 19 projects with a total value of RMB 7.992 billion with cities of Japan and the Republic of Korea. Another 35 major projects with a total investment of RMB 214.72 billion are being pushed forward.

This was the result of a Wuhan government delegation's visit of the two countries from March 25 to April 1. The projects involve the fields of industrial manufacturing, business investment, and trade.

During their visit, the delegation held a conference with Japanese enterprises in Tokyo, a business and investment promotion conference in Seoul, an economic and trade promotion conference in Oita, and an investment and trade conference in Cheongju.

The delegation also held ceremonies entitling the Hubei Chamber of Commerce in Japan and Dongseo University to set up the Wuhan Alumni Association (Tokyo) Service Station and the Wuhan Alumni Association (Busan) Service Station. The delegation also visited the headquarters of some Fortune 500 companies in the two countries like the Aeon Group, Mizuho Group, SK Group, Samsung Group, and Doosan Group. The city of Oita is Wuhan's first sister city, and the year of 2019 will mark the 40th anniversary of the two cities' friendship. The cities of Cheongju and Wuhan have been sister cities for 18 years.

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Aeon Mall (China) Investment Co., Ltd:Currently there are three Aeon Malls in Wuhan. At the promotion conference, Aeon Mall communicated that they plan to construct another three malls in Wuhan over the next five years.

Wuhan Hapii Auto Parts Industries Inc.: In 2005, Japanese auto parts company H-one set up its subsidiary Wuhan Hapii Auto Parts Industries Inc. in East Lake High-Tech Development Zone. During the conference, it was announced that the company will invest RMB 280 million in the next two years to expand its second factory, to install new production line, and to upgrade the current auto parts production line.

Wuhan Fukukawa Automotive Systems Co., Ltd: Wuhan Fukukawa Automotive Systems Co., Ltd. is a Japanese-capital company set up by Fukukawa Automotive Systems Inc. and Furukawa Electric Co., Ltd. Through the promotion conference, Wuhan Fukukawa Automotive Systems Co., Ltd. has signed a contract to invest RMB 280 million on a project of manufacturing automotive wiring systems for auto makers such as Honda and Nissan. The factory is expected to be completed within 2019.

CJ Corporation: CJ Corporation, a Korean conglomerate holding company, will consider Wuhan as one of its important target markets and investment regions, and make investment concerning food, logistics, cinema, and dining in Wuhan. The total investment is expected to reach RMB 1 billion in the following five years.

Doosan Corporation: According to Doosan Corporation, a Korean company, its 16-year cooperation with Wuhan Sevalo Machinery has worked out well, resulting in a ten percent market share. It hopes to carry out deeper cooperation with Wuhan.

President & CEO of Aeon Mall says investment in Wuhan is right

Conference with Japanese enterprises in Tokyo

Business representatives from Wuhan and Japan held a conference in Tokyo on March 26. Over 100 management personnel from Japanese companies in industries such as optoelectronics, automobile parts manufacturing, trade, retail, iron and steel manufacturing, and finance attended the conference. During the conference, agreements for eight projects worth RMB 6.416 billion in investments were signed, and 13 important projects with a value of RMB 12.48 billion were promoted.

Akio Yoshida, president and CEO of Aeon Mall, said at the conference that the development of Wuhan proves that their decision to invest in Wuhan was correct. Looking to benefit from the good investment environment in Wuhan, Aeon Mall plans further expansions in Wuhan.

Many enterprise representatives willing to invest in Wuhan

Economic and trade promotion conference in Oita

A Wuhan representative group held an economic and trade promotion conference in Oita, Japan, on March 27. Representatives from Kyusyu Nyugyo Co,. Ltd., Sanyo, and the Oita overseas trade promotion agency attended the conference. During the conference, many representatives discussed cooperation issues and expressed their interest in making on-thespot investments in Wuhan.

Oita was Wuhan's first sister city; next year will mark the 40th anniversary of the establishment of a sister-city relationship between the two cities. Celebrations marking this milestone are in the works.

During the conference, an exchange agreement was signed to promote mutual cooperation.

Wuhan University alumnus in Korean National Assembly

Conference for business and investment promotion in Seoul

A Wuhan representative group held a business and investment promotion conference in Seoul on March 29. Over 140 representatives from more than 80 enterprises, such as the SK global chemical company, Sinopec-SK (Wuhan) Petrochemical Company, Industrial Bank of Korea, Samsung, and POSCO attended the conference.

During the conference, eight projects worth RMB 1.576 billion in investment were signed, and three important projects with a total investment value of RMB 1 billion were promoted.

A member of the National Assembly of the Republic of Korea who studied in the School of History of Wuhan University from 2006 to 2011 attended the conference as an alumnus of Wuhan University.

Kimchi and nori available at Wuhan's supermarkets

Investment and trade conference in Cheongju

Continuing the sister-city relationship that began October 2000, Wuhan sent a representative group to hold an investment and trade conference in Cheongju, the Republic of Korea, on March 30.

During the conference, Wushang Supermarket Management Co., Ltd. and Hankoubei Import & Export Service Co., Ltd. signed three cooperation agreements with Korean companies. Currently Wuhan residents can purchase products imported from Cheongju, such as kimchi, nori, wet tissue, and edible crayons for kids, at some local supermarkets. (source: Changjiang Weekly)