Chongqing-Ningxia Cooperation Online Matchmaking Meeting Held

China Arab Countries International Trade Meeting Chongqing Yinchuan Cooperation

On August 19, on the occasion of the 5th China-Arab States Expo, the Chongqing-Ningxia Cooperation Online Matchmaking Conference and project signing were set up in Chongqing and Yinchuan respectively, and the two-way promotion method was held online and offline simultaneously. This time, 11 Chongqing-Ningxia economic and trade cooperation online projects were signed, with a total contract value of 7.802 billion yuan, which injects new impetus into Chongqing’s high-quality development. Relevant leaders from the Chongqing Municipal People’s Government and the Ningxia Hui Autonomous Region Government attended the meeting and delivered speeches. Representatives from Chongqing and Ningxia’s commerce, economic information, cultural tourism, port logistics authorities, as well as urban (county) governments and open platforms attended the meeting. 80 More than 130 representatives of companies and business associations gathered in the “cloud” to seek common development.

The responsible comrades of the Chongqing Municipal Commission of Commerce, Culture and Tourism Commission, and Port Logistics Office will comprehensively promote and show Chongqing’s international business environment, international cooperation opportunities and future development prospects around Chongqing investment and trade, cultural tourism industry, and the construction of new land-sea corridors. The Ningxia Department of Commerce promoted Ningxia’s economy and society, key industries, resource elements, development endowments, business environment, and port logistics. The Ningxia Department of Culture and Tourism made a special promotion of “Scattering the South of the Yangtze River, Beautiful Ningxia”. Through the two-way “cloud promotion” approach, Chongqing and Ningxia have sent a warm invitation to invest in Yuning, expressing the common aspirations of discussing cooperation and sharing opportunities. Chongqing and Ningxia will further strengthen economic and trade exchanges and cooperation between the two places, and jointly explore including The “Belt and Road” market, including Arab countries, promotes high-level opening up and promotes high-quality development.

The matchmaking meeting also invited representatives of two key enterprises from Saudi Basic Industries and Ningxia Wisdom Palace Cultural Industry Group to share successful investment and trade experience with the businessmen, and to promote the investment and trade environment in Chongqing and Ningxia, so that businessmen Further understanding of Chongqing and Ningxia has increased the confidence in investing and starting a business in both Chongqing and Ningxia.

Chongqing Development Great News - China Arab Countries Trade Cooperation
Great Opportunities to Cooperate with Chongqing, China

Cloud Docking to Promote Chongqing Development

Companies and associations such as Shenhua Real Estate, Zeyi Industry and Trade, German Top Culture Group, Chongqing-Ningxia Sichuan-Chongqing General Chamber of Commerce, as well as local specialty product manufacturers, port logistics companies, and import and export companies in Ningxia will use video connections at the Ningxia venue. Carrefour, Lin Tongpi International, Zhongken Dairy, Jiangbei Airport Company, Chongqing Foreign Construction Group, SAIC Hongyan, Zhongbai Company, Yonghui Company, China Resources Vanguard, Renrenle, Liu Yishou, Wanlilai Chemical, Qiangbai Online “cloud docking” of enterprises and institutions such as Xin Group and the City Chain Management Association. The companies of both parties carry out targeted docking negotiations according to industry fields and industrial chain matching, and help enterprises in Chongqing and Ning to promote products, obtain orders, and expand markets. 

Cloud Signing Contract Results

Development is the eternal theme, cooperation is the cornerstone of success, and win-win is the common desire. A total of 11 projects were signed in the Chongqing Ningxia Economic and Trade Cooperation Online Project Signing Event, covering the strategic cooperation between the government departments of Chongqing and Ningxia, and the investment and trade cooperation between Chongqing and Ningxia, and Chongqing and Arab countries in various fields. The total contract amount is 7.802 billion yuan. It mainly involves strategic cooperation in the fields of commerce, cultural tourism, ports and channels, as well as investment and trade cooperation in agriculture and animal husbandry, new energy circular economy, and bonded warehousing.

Economic and trade exchanges between Chongqing and Arab countries

Taking the opportunity of jointly building the “Belt and Road” initiative, Chongqing is actively developing economic and trade exchanges with Arab countries. The Arab market has gradually become an important driving force for the continuous growth of Chongqing’s foreign trade and two-way investment.

In 2020, total imports and exports with Arab countries will be 12.179 billion yuan; from January to June 2021, total imports and exports with Arab countries will be 7.286 billion yuan, accounting for 10.1% of the city’s total imports and exports during the same period.

As of June 2021, Arab countries have invested and established 15 enterprises in Chongqing, with a total of 32.31 million U.S. dollars in contractual foreign investment (including Saudi Arabia’s 31.35 million U.S. dollars), and a cumulative actual foreign investment of 24.14 million U.S. dollars (including 202.1 million U.S. dollars). As of June 2021, Chongqing has accumulatively invested 83.94 million U.S. dollars in Arab countries, and the accumulated contract value of projects undertaken has reached 317.8 million U.S. dollars.

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