Chengdu secures major deals at international fair

A total of 18 investment deals worth 53.11 billion yuan ($8.71 billion) were signed at the Chengdu Investment Presentation and Project Signing Ceremony, one of the most important events of the 14th Western China International Fair.

Six deals involved modern manufacturing with investments of 12.39 billion yuan, and 12 involved the services industry with 40.72 billion yuan in investments.

Chengdu is expected to gain 199 deals worth 192.96 billion yuan from the fair, up 25.7 percent over last year's fair.

Chengdu is the first choice for investment because of its excellent development prospects, said Thierry Garnier, president and CEO of Carrefour China, during the ceremony.

Dubbed "the next decade's fastest growing city in the world" by Fortune magazine, the city has attracted 245 Fortune Global 500 companies.

In 2013, Chengdu successfully held the 12th Fortune Global Forum and the 12th World Chinese Entrepreneurs Convention. The two events, along with the fair, have brought about 338.61 billion yuan investment.

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