Pingyao’s investment attraction fair inks over 30 b in contracts

Pingyao county, Shanxi province, held an investment attraction fair on Sept 20. A total of 15 contracts have been signed with a total investment of more than 30 billion yuan ($4.9 billion), a 57.9 percent increase year-on-year and representing nearly 78.1 percent of total attracted investment over the last seven fairs.

The contracted projects this year cover upscale, emerging sectors including separating materials, a five-star hotel and modified material papermaking.

There are three contracts with over 5 billion yuan in investment each: a pig iron furnace project with 5 billion yuan, a modified material papermaking project with 6 billion yuan and a Pingyao water town project with 7 billion yuan.

Edited by Lin Hong and Michael Thai