Investment fair aims to connect PRD with other areas of Guangdong

An investment fair focusing on connectivity between cities in the Pearl River Delta region and the eastern, western and northern areas of Guangdong province has been scheduled for next Thursday, according to the province's commerce authorities.

The fair, to be held in provincial capital Guangzhou, has attracted more than 200 domestic and overseas companies.

Investments will target industries like green chemicals, electronic information and smart home furnishings in Guangdong's northern, eastern and western areas, which tend to be less developed compared with the prosperous PRD region.

"After five years of efforts, the east, west and north of Guangdong is expected to introduce more than 5,000 domestic and foreign industrial projects with total investment of more than 2 trillion yuan ($28.94 million), including more than 1,000 industrial projects with investment of more than 10 million yuan each," said Zhang Jinsong, Party secretary and director of the Guangdong Department of Commerce, during a news conference.

To help promote balanced development across the province, the fair will be held in the first half of each year, with on-site promotion of industrial transfers, policy publicity, project matching and signing ceremonies.