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The 2006 Nanjing Golden Autumn Economic and Trade Fair, accompanied by the 2006 China Nanjing International Digital Culture Exposition, will take place on September 19 to 21 in Nanjing in East China's Jiangsu Province, one of the country's industrial powerhouses.

The event is jointly sponsored by Jiangsu provincial government and Nanjing municipal government. It will have 2,200 standard booths with a total indoor and outdoor exhibition area of 55,000 and 8,000 square meters respectively.

Participants will include foreign diplomats, representatives of investment and financing agencies from home and abroad, heads of Fortune 500 companies based in China, other multinationals, and many other businesspeople. In addition, the fair is expected to attract more than 100,000 visitors.

According to Zhao Jin, vice-director of the economic and trade department of Jiangsu provincial government, the 2006 business fair will continue to focus on investment attraction, facilitating favorable interaction between advanced manufacturing and the modern service sector, and speeding up efforts of economic internationalization.

During the fair, Nanjing alone will unveil 100 projects inviting investment. Among them, 44 projects belong to the manufacturing sector, 45 are involved in the service sector, and another 11 are infrastructural projects, with the combined investment volume estimated to reach US$12.5 billion, up 43 per cent from last session in 2005.

The manufacturing projects are involved in the production of flat-panel optoelectronic displays, automobiles and auto components, petrochemicals and refined chemicals, as well as biomedicine and precision machinery. The service projects are mainly related to logistics, software, finance, commerce and culture; and the infrastructural projects refer to the construction of roads, bridges and ports.

Some 50 activities of various kinds will be launched during the fair. They mainly include the investment project matchmaking conference for Nanjing's modern service sector; a special meeting for Japanese corporations to invest in Nanjing; the meeting for the introduction of resources and investment environment in Switzerland; Nanjing mayor and international entrepreneurs forum; Suzhou service sector development fair; the international co-operation fair for Jiangsu's agriculture; Nantong port economy fair; the cross-Straits information industry co-operation and development forum; the matchmaking meeting for South Korean companies to invest in Nanjing; and the international digital culture exposition.

As a modern, dynamic, and open metropolis, Nanjing is renowned for its rich culture, long history and beautiful landscape. With well-developed trade and commerce, the city is the second largest business centre in the Yangtze River Delta next to Shanghai.

Investment hotspot

"By continuously improving the investment environment, Jiangsu Province has become a hot foreign investment destination over the past few years," said Zhao Jin.

Statistics show that Jiangsu's actual use of foreign direct investment reached US$103 billion by the end of 2005. In the meantime, the province added nearly 50 projects each with a minimum investment of US$100 million, and 551 projects worth at least US$30 million each.

In addition, the investment structure has witnessed substantial improvement with an increasing amount of money going to the high-tech industry.

The electronic information industry, for example, has become the pillar of Jiangsu's manufacturing sector, with its sales revenue accounting for 20 per cent of the whole sector.

Foreign investment in the service sector has also been on an upward trend. During the 2001-05 period, the sector attracted a combined foreign investment of US$6 billion, accounting for 11 per cent of the province's total foreign investment.