Business
22:54, 09-Nov-2018
Chinese companies sign $669mln deals with foreign partners at CIIE
Updated
22:33, 12-Nov-2018
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Five Chinese companies led by China Communications Construction signed deals of 4.65 billion yuan (669 million US dollars) with 13 foreign partners during the China International Import Expo (CIIE) which will conclude on Saturday.
The deal involves goods and services such as electronic control systems, brakes, towline systems, main drive motors, diesel engine parts, waterstops, and EPC general contractor design consulting.
The 13 foreign partners include ABB from Switzerland, Bubenzer and IGUS from Germany, Elin from Austria, Wartsila from Finland, Trelleborg from the Netherlands, and Concremat from Brazil.
The CIIE has built a platform for cooperation between the supply and demand sides for resource integration and equal reciprocity.
Telecom network maker Nokia also signed framework agreements with China Mobile, China Telecom and China Unicom, winning deals of over 2 billion euros (2.27 billion US dollars), or about 15.9 billion yuan during the CIIE.