At the Belt and Road CEO Conference, three companies invested by China Chengtong Holdings Group Ltd. (China Chengtong) inked nine agreements with foreign customers, totaling $2.27 billion. Among them, the China Paper Corporation signed contracts worth $1.1 billion, China Chengtong International Co., Ltd. $860 million, and China Chengtong International Co., Ltd. $312 million.
The contracts signed by China Chengtong mainly cover import trade, including a wide range of imported goods such as mineral resources (zinc ingots, chrome ore), agricultural products (soybeans, starch, cotton yarn, mung beans), pulp, and chemical preparations. The sources of imports span eight countries and regions along the Belt and Road, including Russia, Kazakhstan, Uzbekistan, Vietnam, Chile, Uruguay, and South Africa. This brings China Chengtong's value of cumulative contracted projects to a total of $6.33 billion.
Over the past decade, China Chengtong has remained a steadfast supporter, participant, and contributor to the Belt and Road Initiative, continuously expanding its international engagement. In 2022, the company conducted trade with 82 Belt and Road countries, with a total import and export volume of $2.36 billion.
Kurbannov Abror, Chairman of the Uztrade Joint-Stock Company (UZTRADE JSC), said that China Chengtong has established a long-term and stable partnership with the company. China Chengtong imports a significant amount of cotton yarn and mung beans from Uzbekistan each year, representing nearly 20 percent of Uzbekistan's total exports of these products to China. This collaboration has expanded local agricultural product markets, created more job opportunities and generated considerable income for farmers.
(Executive editor: Xie Yunxiao)
