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The 3rd wine festival sees great harvest

By Zhao Ruixue (chinadaily.com.cn)
Updated: 2009-09-28 10:22

The just-concluded Yantai International Wine Festival saw 35 businesses signed up for contracts, of which 24 ones are foreign-funded, presenting a total investment of $710 million, and 11 ones are domestic-backed involving total investment of 10.3 billion yuan.

A $236 million worth of import-and-export trade and 280 million yuan worth of domestic trade were dealt on the spot of the wine festival.

Wine-related organizations from more than 30 countries and regions including France, Germany, Australia and Spain attended the wine festival. More than 500 exhibiting booths were set up for over 200 operations. These booths have attracted over 50,000 businessmen from home and abroad, trying to find business opportunities.