(11.12.2020)

Retrieved from Business Wire

The second global investment promotion conference wound up in the booming southern Chinese city on Tuesday covering 780 billion yuan ($119.5 billion) worth of contracts, cementing its leading position for foreign investment in China. A total of 242 projects reached agreements of intent, of which 40 significant projects were sealed at the conference, the city's most important investment event. They included the South China headquarters project of US retail giant Costco Wholesale, the innovation center project of the world leading health technology company Royal Philips and the research and manufacturing base project jointly developed by AstraZeneca and Kanvax for the COVID-19 vaccine.