Massive Deals Signed at the 20th Western China International Fair in Chengdu
Major Success of the 20th Western China International Fair
The 20th Western China International Fair (WCIF) commenced on May 25, 2025, in Chengdu, the capital of Sichuan province, and is set to be a landmark event for economic growth in western China. The fair has successfully facilitated the signing of 416 investment projects with a staggering total value of 354.3 billion yuan (approximately $49.3 billion). This impressive feat marks a significant moment in the ongoing economic transformation of the region.
Participation and Scale
Spanning across five days, the event has attracted over 3,000 exhibitors, covering an exhibition area totaling 200,000 square meters. Participants range from 62 different countries and regions, reflecting the fair's global outreach. Among the showcases are 61 Fortune Global 500 companies, indicating a robust interest from leading global brands in exploring opportunities within western China.
The fair’s aim is to bolster investment under the “Invest in Western China” initiative, highlighting its potential as a burgeoning market. In fact, all 12 provincial-level regions in western China collectively presented more than 2,200 investment projects valued at over 3.7 trillion yuan.
Focus on International Relations
The fair has also played a crucial role in fostering international partnerships. Notably, Chen Ping, director of the Hungarian Export Promotion Agency's southwest China branch, stated that her agency brought more than a dozen Hungarian companies to the fair. They showcased a variety of products including wines, snacks, and cosmetics. Chen highlighted Hungary's interest in tapping into the promising market potential of China's western regions, hoping to expand their consumer base through such engagements.
In addition, the 15th Western China International Sourcing Fair was launched simultaneously at the same venue, with a theme centered on deepening reforms for enhanced economic momentum and greater openness. Government representatives from over 60 countries, including the US, Australia, and Spain, attended, emphasizing the fair’s importance in international trade and investment.
During the sourcing fair, over 30 projects were signed, with an intended procurement total that neared 7 billion yuan. The sectors covered include new energy, energy storage projects, and various agricultural products, underlining a diverse range of investment interests.
Conclusion
In conclusion, the ongoing Western China International Fair stands out as a pivotal event bridging local businesses with international markets. The substantial investment deals and global participation reaffirm the serious commitment to economic development in the region, suggesting a bright future as Western China continues to expand its influence on the global stage. As the fair unfolds, it is set to pave the way for numerous future ventures, making it a key platform for investment and regional development.
Topics General Business）
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