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Zhaoyuan gold festival wins $1 billion project contracts

The 5th Gold Festival has come to a close in Zhaoyuan, with project contracts worth 7.16 billion yuan ($1.12 billion) and 18 cooperative agreements from Aug 27 to Aug 30.

Four out of the eighteen signed projects, with a total investment of $41.85 million, are foreign-funded.

With a theme of "Promote Zhaoyuan`s gold tourism into a strong economy", the 5th Gold Festival held a series of activities, including gold product trade talks, promotion conferences, seminars, a folk culture show and a cooperation signing ceremony.

Located in eastern Shandong province, Zhaoyuan is now a famous gold producing and processing center in China boasting one seventh of nation`s total annual gold output. The city was named China`s Gold City by the China Gold Association in 2002.

Zhaoyuan`s industries include gold exploration, selection, refining, processing, gold product designing and research.

By Zhao Ruixue (China Daily Shandong Bureau)

 
Date:2011-9-6 8:03:39     
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