USD 55 bln worth of deals signed at South Asia Expo

The Third China-South Asia Expo has attracted around 300 deals worth 55 billion U.S. dollars. The expo was conducted at Kunming, capital of the southwestern Yunnan Province. Totally 255 domestic investment projects with a value of 300 billion yuan (49 billion dollars) and 44 foreign investment and trade deals valued 5.7 billion dollars are signed.

The Domestic Investments are mainly focused on infrastructure, electronics and information, pharmacy, tourism and energy. Foreign investment contracts are related to agriculture, manufacturing, energy, culture and education.

The international deals involve companies from the United States, Japan, France, Italy, Thailand, Myanmar and Laos. Minister of State for External Affairs V K Singh heading a 200 business delegation from India also took part in the event. India is the country of honour at the Expo.

GK Questions
  • What are the Special Administrative Regions of China?  There are two SARs. They are the Hong Kong SAR and the Macau SAR, former British and Portuguese dependencies respectively.
  • What are the Autonomous Regions of China? There are Five Autonomous Regions in China. They are Xinjiang, Inner Mongolia, Tibet, Ningxia, Guangxi.