The 2021 Project Matchmaking of Leading Enterprises (Shanghai) and Guangxi Zhuang Autonomous Region was held in Shanghai on Oct 28, and two strategic cooperation agreements and 31 investment cooperation projects worth 35.89 billion yuan ($5.6 billion) to the region were signed at the event.

More than 220 people from Fortune Global 500 companies in the Yangtze River Delta region, well-known domestic and overseas industry associations, and representatives of industry leading companies attended the event including 71 multinational companies such as Wal-Mart, Apple, and Tesla.

Guangxi, being a partner with ASEAN and rich in natural resources, is capable of providing business opportunities to enterprises through the accelerated establishment of cross-border industrial chains and supply chains, the construction of the New International Land-Sea Trade Corridor and local preferential policies.

The 31 investment projects signed during the event covered a variety of major industries such as high-end equipment manufacturing, the digital economy, and biomedicine as well as new energy and modern logistics. Over 70 percent of the investment came from foreign-funded companies from various places such as the Yangtze River Economic Belt and Singapore.