Yunyan secures 60 million yuan at 2nd CIIE

Two projects from Guiyang's Yunyan district obtained a total investment of 60 million yuan ($8.61 million) at the Guizhou Economic and Trade Exchange Conference, which was held in Shanghai on Nov 6. 

A part of the Second China International Import Expo (CIIE), which is underway in Shanghai from Nov 5 to 10, the conference saw Guiyang Yunyan State Capital Investment and Operation co-sign the two projects with Metro Cash & Carry and CJ & CGV respectively.

The cooperation with Metro Cash & Carry is expected to launch Guizhou's first Metro mall at the end of this year. Covering an operations area of around 9,969 square meters, it aims to improve people's shopping experiences by developing online to offline stores, as well as food distribution services. 

The project signed with CJ & CGV will open Guiyang's first CGV Cinema, providing medium-and-high end cinemas in its 4,800 sq m operation area. The CGV Cinema is expected to open at the end of this year. 

A purchase intention agreement worth nearly $100 million was also agreed to between Guizhou Tyre Co Ltd Yunyan branch and Southland Resources Co Ltd, Lianrun Rubber Co Ltd, and Sri Trang Agro-Industry Public Co Ltd. 

Yunyan has been dedicated to developing itself into an active business district that will bolster the economic development of Guiyang and Guizhou province. The two signed projects will help Yunyan move forward to higher end of the city's value chain.