(DALIANNEWS)- The bank joint business meeting for Japanese banks and local banks was held in Dalian, a port city of Northeastern China's Liaoning Province, November 23, 2018.
The meeting attracted 88 Japanese companies and over 300 Chinese enterprises with an average of each Japanese company docking with four Chinese ones.
The Japanese and Chinese enterprises had 1,229 meetings, further discussing on automobile parts, precision machinery, chemical industry, commerce and trade, logistics, pension and other fields.
As of the press time, 345 cooperation intentions have been achieved with 10 transactions in total.
The meeting, which has been held successfully for nine years since 2009, provides a“green passage”of convenient cooperation for both Japanese enterprises and Chinese companies.
At present, Japan is Dalian's largest trade partner and the second largest source of foreign investment. The bilateral accumulative import and export trade amounted to 197.19 billion US dollars from 1985 to 2017. In the first three quarters of this year, the city's import and export trade volume to Japan hit 63.69 billion yuan, up 6.8 percent than that of the previous year, accounting for 18.7 percent of the city's total import and export.
As of this September, the city of Dalian saw nearly 4,800 Japanese-invested companies with an actual investment amount of 18.57 billion US dollars, covering advanced manufacturing, electronic information, modern logistics and other fields.
At the same time, local companies also invested 95 firms in Japan as of this September with Chinese contractual amount of 530 million US dollars, covering software development, hotel management, business investment and management as well as other fields.