Cross-border e-commerce promotion event kicks off in Guiyang

An investment promotion event for cross-border e-commerce is held in Guiyang on June 8. [Photo provided to chinadaily.com.cn]

A special investment promotion event for cross-border e-commerce - part of Guiyang's foreign investment promotion conference themed around opening-up, cooperation and development - was held in Guiyang, capital of Southwest China's Guizhou province, on June 8.

During the event, Guiyang signed nine projects with famous companies, with a total contracted value of $140 million.

Representatives of Guiyang's Guian Free Trade Zone, Guizhou Shuanglong Airport Economic Zone and Guanshanhu district outlined the state of cross-border e-commerce development at the event.

A total of 100 projects involving middle and high-end commerce, middle and high-end manufacturing and industrial parks were released by Guiyang at the event for overseas investors.

The event was also held online, with the attendance of about 300 domestic and international investors, and broadcast on major internet platforms, with 2.46 million views.

Since the outbreak of COVID-19, Guiyang has strived to maintain communication with overseas investors to attract investment online. According to Ran Bin, vice-mayor of Guiyang, the city welcomes high-quality products and services from all over the world, and will provide more market, investment and development opportunities for more companies.

By cooperating with domestic and international companies, Guiyang aims to form a cross-border cluster, and explore a road of vigorous development for the industry, Ran added.

It is estimated that by 2022, Guiyang's cross-border e-commerce trade volume will exceed $1.5 billion, over 300 businesses will be attracted to Guiyang's cross-border e-commerce industrial park, and over 40 percent of the export companies will be involved in cross-border e-commerce.