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State-owned enterprises based in Hubei place bulk orders at 2nd CIIE

Source: hubei.gov.cn 11/08/2019 15:11:03
The signing ceremony. (photo by Chen Shaozhe/ Hubei Daily)
On November 7, the Large State-owned Enterprises Fair and Project signing ceremony was held by Hubei Province at the ongoing China International Import Expo in Shanghai, witnessing a 4.6-fold increase in traded volume made by the state-owned enterprises in Hubei compared with the first CIIE in 2018.
43 enterprises from nearly 30 countries and regions and 65 state-, province- and city-owned enterprises which are based in Hubei were invited to attend the event. 15 major projects were inked at the scene, relating to fields of automobile, medical appliances, technical service, energy and food.
In recent years, the province has continuously taken new steps in opening up. The paid-in foreign capital, the number of world’s top 500 companies, the import and export of service trade, overseas contracted projects, and the number of exit-entry people at air port all rank first in central China.

Local enterprises like Hubei United Investment Group, Hubei Culture&Tourism Investment Group, Hubei Province Communication Group and Wuhan Financial Holdings (Group) have steadily pushed forward international operation, and their business scope has spread to many countries and regions including Asia, Europe, Africa and Australia.  (hubei.gov.cn  by Ruan Xinqi)