Officials and investors attend the signing ceremony of an investment promotion project. (Photo by Li Shiwan)

Guests study the rose species at the World Rose Show. (Photo by Li Shiwan)

A grand view of the Nanyang rose garden. (Photo by Li Shiwan)

The signing ceremony of an investment promotion project at the 2019 Intercontinental World Rose Exhibition was held on April 28 in Nanyang. A total of 88 projects were signed with the combined value reaching 29.7 billion yuan ($ 4.41 billion).

The 2019 Intercontinental World Rose Exhibition and the Ninth Chinese Rose Exhibition opened on the same day. Experts and scholars from 18 countries including the United States, Britain, France, Australia and India attended the opening ceremony.

Besides, Shanghai Pudong Development Bank will provide loans up to 10 billion yuan for developing and strategic industries in Nanyang in the next three years, according to a deal it inked with Nanyang Industrial Investment Group on April 28 as well.

Ma Bing, vice mayor of Nanyang, said that the CPC Nanyang Municipal Committee and Nanyang Municipal Government have made extra efforts in project construction, scientific and technological innovation, modern finance and human resources in recent years.

With the city's advanced manufacturing industry and well-known eco-cultural tourism industry, Nanyang actively advances national development strategies and has built a open platform for cooperation.

Nanyang has formed three 100-billion-yuan industrial clusters for equipment manufacturing, textiles and clothing, and green food. Meanwhile, the 10-billion-yuan level industrial clusters of electronic information, biomedicine, new energy and new materials are also well established in the city, said Ma.