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Deals flow at expo
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THE 17th West Lake International Expo wrapped up on November 1 after welcoming more than 8 million visitors.
The expo attracted 13.84 billion yuan worth of domestic investment and US$1.08 billion in foreign investment, the organizer said.
The 35 activities during the 17-day expo were a big drop from last year when there were 50 events in 22 days. The organizer said they trimmed the program to prevent excess.
Highlights of this year’s event included the Yunqi Conference, at which more than 20,000 participants and 3,000 companies demonstrated their products, and the Smart City Exhibition which included IT heavyweights like Intel, Huawei, Alibaba, Tencent and Baidu.
The FT China Summit Forum was held this year for the first time in Hangzhou instead of Beijing and Shanghai. Key speakers included Financial Times executive director for Asia Pacific, Angela Mackay, UK-China Business Council executive director Jeff Astle, and Morgan Chase China chief economist Zhu Haibin.
The West Lake Expo was first held in 1929 and enjoyed the same reputation as the Chicago Expo of 1893, Paris Expo of 1900 and Philadelphia Expo of 1926. It did not resume for 71 years until 2000 when Hangzhou decided to revive the fair.
The West Lake Expo has helped to promote the city and its exhibition and convention industry.
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