Beijing, Oct. 16 (Xinhua/UNB) -- Xiangxi Tujia and Miao Ethnic Autonomous Prefecture in central China's Hunan Province held an investment promotion meeting in Beijing on Wednesday.
The prefecture signed contracts for 20 projects worth around 12.2 billion yuan (about 1.74 billion U.S. dollars) with some enterprises from Beijing, Tianjin and Hebei province.
Major projects have been launched to promote industrial transfer and upgrading in the region, covering the sectors of cultural tourism, biological medicine and modern agriculture, according to Long Xiaohua, the prefectural governor.
Xiangxi has also taken measures to improve the business environment and formulated favorable policies in taxation, finance, use of land, electric power and talents to attract investment and embrace an open economy, said Long.
Trade in the country's central and western regions showed positive momentum this year. Twelve western provincial regions and six central provinces saw their trade grow 11.8 percent and 12.4 percent respectively during the January-September period.