Lijiang sees bumper investments from SSACEIF

Lijiang signed deals that will bring billions of dollars' worth of investment to the city during the 2017 South-Southeast Asia Commodity Expo and Investment Fair in Kunming, Yunnan province, on June 13.

The city in northern Yunnan inked 10 contracts worth a combined 23.7 billion yuan ($3.5 billion), a 16.7 percent increase on the deals signed at last year's fair.

The new investment covers a wide range of industries including big data, culture and tourism, plateau agriculture and urban infrastructure construction.

The projects mainly focus on improving people's livelihoods and developing industries with local characteristics, according to Lijiang Daily.

The largest investment will be made by Shanghai PHICOMM Data Communication Technology Co Ltd, which plans to locate several large big data projects in Lijiang worth an estimated 5 billion yuan.

"Lijiang is a good place for living and investing," said Gu Guoping, founder and CEO of the company.

Zheng Yi, mayor of Lijiang, said that Lijiang enjoys a long history and the city is ready to welcome new technology and investment from all over the world. He said he hoped that the new investors would help to boost the development of Lijiang.

Officials and investors sign deals for a series of new projects in Lijiang, Yunnan province at the 2017 South-Southeast Asia Commodity Expo and Investment Fair in Kunming on June 13. [Photo/Yunnan.cn]

The opening ceremony of the 2017 SSACEIF is held on June 12. [Photo/Yunnan Daily]

Edited by Dominic Morgan