Yuhang rides on CIIE to lure money, talent

Posted by freemexy on November 15th, 2019

Hangzhou’s Yuhang District is showcasing its edge in high technology, culture and environment in a bid to lure more investment and talent at the second China International Import Expo.The second China International Import Expo will be held at the National Exhibition and Convention Center in Shanghai from November 5 to 10, 2019.For further information about China International Import Expo, please visit: https://www.shine.cn/China-International-Import-Expo/ .To get more CIIE 2019, you can visit shine news official website.

The Yuhang exhibition booth was designed on theme of ancient Liangzhu city, which was inscribed on the UNESCO World Heritage List in July. Organizers used multimedia and replicated Liangzhu artifacts to showcase the millennia-old civilization on the spot.

Two Yuhang-based companies participated in the expo on behalf of the district. Panex is one of the largest cross-border logistics companies in Hangzhou. Its business covers Canada, New Zealand, Australia, the Netherlands, the UK, Norway, Finland, Japan and the US, including 16 overseas subsidiaries and 45 overseas warehouses with a total area of 200,000 square meters.One of its subsidiaries, 50N Natural Ecology Group Ltd in Vancouver displayed Canadian specialties at the expo, including seafood, maple water and flaxseed oil.

Java Coffee Machine, the US subsidiary of Wanshida Co, launched a series of new products using the Internet of Things and online payments.The Yuhang government gathered 300 delegates from local government departments, organizations and companies to draw experience from other countries in tourism, education, medical services and commerce.

Before the CIIE, the Yuhang District government invited about 120 delegates from Shanghai-based organizations and companies to its cooperation seminar to seek more business opportunities from Shanghai.

At the seminar, Yuhang signed contracts with 13 enterprises, including six new manufacturing and four digital economic projects.The government also announced the establishment of an innovation center, Dream Town, in Shanghai.

Dream Town, a heaven for Internet industry startups, is in the center of Future Sci-tech City, which is a noted incubator for high-tech businesses in Hangzhou. In May, it introduced 5G in its China (Hangzhou) 5G Innovation Park, becoming one of the forerunners in the new technology in China.

The innovation center will be set up in Zhangjiang Hi-tech Park in Shanghai. It is expected to be a bridgehead for attracting hi-tech talent and promising projects for Yuhang District.It also aims to be a platform for university students to start up new business. The center creates an embryo for startups, and then transfers them to Yuhang for further research and development.Meanwhile, the center is going to give a boost to the Yangtze River Delta integration. Shanghai and Yuhang could work together more closely through this platform.

Today, artificial intelligence, fashion and digital industries are the economic engines of Yuhang. By the end of September, the digital economy had accounted for 59.9 percent of the district’s gross domestic product — the highest prorportion in Zhejiang Province.

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