$55 bln worth of deals signed at China’s South Asia Expo

Nearly 300 deals worth $55 billion have been signed at the 3rd China-South Asia Expo in Kunming, capital of the southwestern Yunnan Province. The signed contracts included 255 domestic investment projects with a value of 300 bn yuan ($49 bn) and 44 foreign investment and trade deals worth $5.7 bn, sate-run Xinhua news agency reported. Domestic investment covers infrastructure, electronics and information, pharmacy, tourism and energy. Foreign investment contracts are related to agriculture, manufacturing, energy, culture and education. The international deals involve companies from the US, Japan.