100.5b yuan signed at Global Guangxi Merchants Conference

Sixty-one projects valued at 100.5 billion yuan are signed at the 2019 Global Guangxi Merchants Conference. [Photo by Liang Kaichang/Guangxi Daily]

Sixty-one projects worth a total of 100.5 billion yuan ($14.7 billion) were signed at the 2019 Global Guangxi Merchants Conference, which opened in Nanning, South China's Guangxi Zhuang autonomous region, on Jan 7.

Two of these projects are valued at over 10 billion yuan, six are valued at over 5 billion yuan and 24 are valued at over 1 billion yuan. They will be undertaken in a number of prefecture-level cities in Guangxi, including Baise, Nanning and Fangchenggang.

Most project investors are industrial tycoons such as Wanda Group, State Power Investment Corporation Ltd, Shanghai Red Star Macalline Industrial Co Ltd, Li Ning Co Ltd, Guangxi Liuzhou Iron and Steel Group Co Ltd and Jiangxi Twins Investment Co Ltd.

About 69.2 percent of the projects are related to emerging industries such as big logistics, big health, new materials, new energy, energy conservation, environmental protection, new manufacturing and digital economy.

Gu Shengzu, vice chairman of the National Committee of the Chinese People's Political Consultative Conference, delivers a keynote speech at the 2019 Global Guangxi Merchants Conference. [Photo by Deng Hua/Guangxi Daily]

The three-day conference, sponsored by the government and Party committee of Guangxi Zhuang autonomous region, serves as a platform for enhancing economic and cultural cooperation among Guangxi merchants and chambers of commerce.