The 16th Harbin Economic and Trade Fair opened on June 15, making great achievements in import and export, utilization of foreign funds, overseas investment, introducing experts in the five-day negotiation and exchange.

At the 16th Fair, they signed US$ 3.96 billion of import and export contracts, up by 18.9% than the last one. Export contract was US$ 2.26 billion, up by 47.7%, import contract was US$ 1.7 billion; as for utilization of foreign funds, they signed 144 foreign-invested projects with contract of US$ 1.93 billion, up by 19.1%; as for foreign economic and technology cooperation, they signed 26 economic and technology cooperation projects with contracted value of US$ 290 million, contracted overseas labour was 2231; as for overseas investment, they signed 12 overseas invested projects with contract of US$ 200 million, of which US$ 100 million was from China; as for introducing foreign experts, they signed 65 projects, involving 11 countries such as Russia, Malaysia, Ukraine, Australia, US and etc.; as for domestic trade, contracted sales was RMB 10.2 billion yuan, up by 39.5%.