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20th Western China Int'l Fair showcases cutting-edge technologies, specialty industries

China

China

China

20th Western China Int'l Fair showcases cutting-edge technologies, specialty industries

2025-05-26 20:21 Last Updated At:20:57

The five-day 20th Western China International Fair (WCIF), which opened in Chengdu City of southwest China's Sichuan Province on Sunday, showcases the latest sci-tech achievements and specialty industries from various regions. Chinese President Xi Jinping sent a congratulatory letter to the event on the opening day.

With the theme "Deepen Reform For More Momentum, Expand Openness for Greater Growth," the fair attracted more than 3,000 companies from 62 countries and regions around the world, as well as 27 provincial-level regions in China.

Focusing on expanding high-level opening up, deepening regional exchanges and cooperation, advancing the construction of a modern industrial system, and promoting trade cooperation under China's "dual circulation" strategy, the event has set up 15 themed pavilions in three major exhibition areas, covering 200,000 square meters.

A total of 25 investment promotion events will be held during the fair.

The number of Fortune Global 500 companies, top 500 Chinese enterprises and top 500 Chinese private enterprises participating in this year's fair reached 114, accounting for 55.6 percent of the total. Among them are 61 Fortune Global 500 companies, up 74.3 percent from the previous edition of the fair.

An exhibition will be held during the fair to showcase the economic and social development of China's western region and the major achievements of the fair.

20th Western China Int'l Fair showcases cutting-edge technologies, specialty industries

20th Western China Int'l Fair showcases cutting-edge technologies, specialty industries

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 20 pips to 7.0108 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan strengthens to 7.0108 against USD Monday

Chinese yuan strengthens to 7.0108 against USD Monday

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