Enterprises from 39 Nations Showcase Innovation at Chongqing's WCIFIT 2025
Enterprises Unite at WCIFIT 2025
On May 22, 2025, Chongqing, China, became a bustling hub of international business as more than 1,300 enterprises from 39 countries convened for the 7th Western China International Fair for Investment and Trade (WCIFIT). This year's event was particularly notable for the involvement of Thailand, Hong Kong, and Sichuan, each playing critical roles in highlighting the region's economic potential.
Global Participation and Historical Context
The WCIFIT brought together representatives from 28 Chinese provinces and the Hong Kong Special Administrative Region, demonstrating a robust interest in fostering trade and innovation. Thailand was honored as the guest country, commemorating the 50th anniversary of diplomatic relations between Thailand and China, as emphasized by Dr. Lalivan Karnchanachari, Vice Minister of Foreign Affairs of Thailand. Her hope for deeper collaboration in high value-added manufacturing and supply chains reflects the increasing significance of these partnerships.
A striking number of notable companies were amongst the 1,300 exhibitors, including 56 central state-owned enterprises and 47 Fortune Global 500 companies. This diverse representation underscores the growing appeal of Chongqing and Western China as a focal point for international business and investment.
Innovations on Display
At the fair, attendees were met with cutting-edge technology and innovative products. Among the highlights was the unveiling of the Lingjie, the world's first megawatt-class supercharging heavy-duty truck, developed collaboratively by Qingling Motors and Huawei Digital Power. This truck is a game changer in green logistics, combining ultra-fast charging capabilities with smart connectivity, showcasing the transformation towards electrification in heavy-duty transport.
Another noteworthy exhibit was the Sirius quadruped robot, developed in Chongqing Liangjiang New Area, demonstrating advances in robotics and automation technology. The fair not only presented these groundbreaking products but also facilitated discussions on broader themes such as manufacturing and service sector advancements.
Economic Agreements and Future Prospects
One of the fair's most impactful moments was the series of major investment agreements, amounting to over 200 billion yuan (approximately 27.6 billion USD), signed during the event. It’s reported that districts and counties within Chongqing secured contracts worth over 100 billion yuan, with the majority aimed at boosting the manufacturing and modern services sectors, indicating a robust trajectory toward economic growth and diversification.
The WCIFIT is structured to promote not just business transactions but also international and regional cooperation, reflected through the themed activities organized throughout the event. In total, there were 29 events, focusing on key areas such as foreign investment, public sector engagement, and international trade—crucial elements for developing stronger economic ties globally.
A Look Ahead
The theme of this year’s WCIFIT, “New Western China, New Manufacturing, New Services,” encapsulates the ambition of the region to cultivate quality productive forces alongside fostering high-quality development. The exhibition spanned a massive area of 110,000 square meters, featuring nine separate halls and even incorporating a virtual exhibition hall to widen access beyond physical limitations.
In summary, the 2025 WCIFIT has undeniably placed Chongqing on the global map, reinforcing its status as a burgeoning economic powerhouse. Events of this magnitude not only highlight regional developments but also signify a collective hope for enhanced international cooperation and investment, paving the way for a sustainable and innovative future.