General

A grand event on opening up was held in Bashu as promised, and a negotiation on "future" passed good news along the Jialing River. 24 investment promotion activities, 88 major projects were signed with a contract investment of over 290.7 billion yuan. The 5th Western China International Investment and Trade Fair successfully concluded on May 21 in Chongqing.

The West China Economic and Trade Fair, which showcases numerous performances, witnesses the accelerated formation of an open pattern of "linkage between land, sea, and domestic, and mutual aid between east and west". As an important strategic fulcrum of the Western Development, Chongqing, located at the junction of the "the Belt and Road" and the Yangtze River Economic Belt, is an important node of the domestic and international double cycle. It will strengthen exchanges and mutual learning, deepen practical cooperation, and constantly expand new space for mutual benefit and win-win results with the West China International Trade Fair as the platform and the new land and sea channel as the bridge.

Promoting Open Economic and Trade Cooperation to Achieve New Breakthroughs

At the Malaysian booth, unique products such as palm oil, cat mountain king durian, white coffee, and bird's nest are arranged in sequence. As the guest of honor of this year's West China International Trade Fair, Malaysia has attracted 34 companies to participate, covering industries such as food, agricultural products, and study abroad. Malaysia's Ambassador to China, Raja Datuk Nusilvan, stated that Malaysia hopes to use the platform of the West China Economic and Trade Fair to inject strong momentum into its economic recovery, and work together to strengthen regional economic and trade ties to achieve mutual benefit and win-win results.

At this year's West China Economic and Trade Fair, Malaysia also held a docking meeting with Chinese enterprises to promote Malaysia's economy, trade, culture, tourism, art, and other topics. "This year marks the tenth anniversary of the establishment of a comprehensive strategic partnership between Malaysia and China, the tenth anniversary of the Malaysia China Kuantan Industrial Park, two countries and two parks, and the tenth anniversary of the the Belt and Road Initiative." Raja Datuk Nusilwan said that the bilateral relationship between Malaysia and China is at its best in history, with total bilateral trade reaching 203.6 billion US dollars, a record high. In terms of investment, in 2022 alone, 46 manufacturing projects from China were approved, with an investment amount of 2.2 billion US dollars, creating over 6000 job opportunities for Malaysia. Huacheng Import and Export Data Observation reports.

Malaysia is a gateway to ASEAN, a large market with a population of 600 million, and we are committed to becoming a more attractive investment destination in the coming years. RCEP came into effect in Malaysia on March 18, 2022, reducing trade barriers, promoting trade facilitation, further reducing market access for enterprises to enter other countries, and reducing enterprise costs. The construction of a new land and sea corridor in the western region also further strengthens China and Southeast Asia Trade cooperation between countries Raja Datuk Nusilvan said that Malaysia has always been a source and stable source of palm oil imports from China, with Malaysian palm product exports to China increasing from 1.44 million tons in 2000 to 3.14 million tons last year. I believe that through the new land sea channel, the export of related products will further increase. I hope that Chinese companies can deeply explore potential cooperation with Malaysian companies in palm oil, and explore the opportunities brought by the East Coast connecting railway, Malaysia China Kuantan Industrial Park, and China Malaysia Qinzhou Industrial Park.

The construction of the new land sea channel has made the connection between western China, Southeast Asia, and other regions of the world faster and more efficient, promoting regional economic integration.

Despite the enormous pressure on the global supply chain in recent years, the logistics of the land sea new channel has continued to grow. In 2022, the company's revenue increased by more than 30% year-on-year. "Singapore's Ministry of National Development and Senior Minister of Communications and Information, Chen Jiehao, stated that as the development of the land sea new channel continues to deepen, digitalization will lead the development of the land sea new channel in the future, making transactions more efficient and secure, improving transaction transparency, and expanding financing channels, Accelerate the flow of goods, enable enterprises to track real-time logistics information of goods, and improve their predictive ability in the supply chain. We hope that channel builders, users, digital solutions, platform providers, and other parties can work together to improve channel construction.

In addition, this year's Western China International Trade Fair held its first global procurement docking meeting, with over 500 trading groups from over 10 countries and regions including Russia, Japan, and Thailand releasing procurement demands and achieving effective docking. Chongqing has held in-depth discussions with the Ministry of Commerce of Myanmar to reach a consensus on comprehensive cooperation between supply and demand, and plans to establish a normalized work promotion mechanism to continuously deepen economic and trade cooperation. Huacheng Import and Export Data Observation Report.

Strong linkage in the development of the western region and seeking new goals

Watching pandas in Chengdu in the afternoon and eating hot pot in Chongqing in the evening is no longer a "special forces trip" for tourists in Sichuan and Chongqing, but a solid welfare brought by the construction of the Chengdu Chongqing dual core and dual circle.

In the past three years, Sichuan and Chongqing have jointly sung the "Record of Two Cities" and built the "Economic Circle", strengthened the dual core linkage and dual circle interaction, and achieved an unprecedented overall momentum, opening up new space for regional development. The total economic output of Sichuan and Chongqing in 2022 is about 8 trillion yuan, accounting for one-third of the entire western region. The Chengdu Chongqing dual core system will achieve one hour direct transportation as soon as possible. Sichuan and Chongqing are actively building internationally competitive industrial clusters, and the local equipment rate of the electronic information and automotive industries will reach around 40%.

Sichuan is one of the guest provinces of honor for this year's Western China Economic and Trade Fair. Duan Yijun, Vice Governor of Sichuan Province, stated that Chongqing is the main initiator, promoter, and important builder of the construction of the western land sea new channel. It actively explores and innovates in logistics organization, customs clearance convenience, financial empowerment, industrial layout, and other aspects of the channel, playing a significant demonstration and driving role for provinces, regions, and cities along the line. Sichuan adheres to the principles of consultation, joint construction, and sharing, actively participates in the construction of the new land and sea corridor in the western region, and strives to create a "four direction and eight corridor strategic transportation corridor". It has built 41 major mountain access routes, deepened the train service of the new land and sea corridor in the western region, and connected with trains from China Europe, Laos, Vietnam, and other countries. The international transportation channel, which extends south to ASEAN, west to the hinterland of Europe, and north to Russia, is accelerating its formation. The goal of Sichuan and Chongqing as the fourth transportation pole in China is accelerating.

A Lanzhou Chongqing Railway connects the transportation arteries between the northwest and southwest, greatly narrowing the temporal and spatial distance between Gansu and Chongqing. A new land sea channel connects the Land Silk Road and the Maritime Silk Road, greatly enriching the connotation of cooperation between Gansu and Chongqing, Huacheng Import and Export Data Observation Report.

As another province of honor, Gansu was one of the earliest provinces to sign the framework agreement for the land sea new channel. Gansu Provincial Governor Ren Zhenhe bluntly stated that with the dividends of the development of the Dongfeng Shared Land Sea New Channel opened by the Lanzhou Chongqing Railway, Gansu has continuously deepened its economic cooperation and personnel exchanges with Chongqing, forming a mutually beneficial and win-win diversified cooperation situation in fields such as cultural tourism, commercial logistics, infrastructure, equipment manufacturing, and agricultural product processing. This session of the West China International Fair attracted enterprises from all countries in the world, especially those from countries and regions along the "the Belt and Road", to enter the west to discuss the future and present greater coupling effects and spillover benefits. Gansu will work together with all parties to build new channels, expand development space based on the new land sea channels in the western region, and continue to activate the larger and higher level opening up of the western region. And we will work together with all parties to jointly cultivate new momentum, forge strengths and supplement weaknesses through industrial cooperation, and continuously enhance the high-quality development power of western development. Huacheng Import and Export Data Observation Report.

In order to better contribute wisdom to the opening up and development of the western region, this year's Western China Economic and Trade Fair actively discussed new measures for industrial development in the western region. It held the Automotive Metaverse Summit Forum, the Electronic Information Assisted Industry Integration Development Summit Forum, the High Quality Development Summit of the Big Health Industry Forum, the High Quality Development Forum of Clean Energy Materials Forum, and the Western International Testing and Certification Service Forum, focusing on building an advanced manufacturing industry cluster, Propose the development direction of building a world-class intelligent connected new energy vehicle industry cluster and improving the overall intelligent development level of the industry chain.