A summit meeting to link-up of Guizhou chili pepper marketing and sales took place in Xinpu District in Zunyi, Guizhou, on the morning of August 18. The meeting was also intended to attract investors and facilitate the signing of agreements. There were 39 foreign companies and industry organizations at the summit meeting. More than a thousand domestic purchasing traders signed agreements for investment in the chili pepper industry. There were 2 cooperation agreements, 3 marketing and sales agreements, 23 projects, and investments worth 7.1 billion yuan [1.04 billion USD]. 11 projects were directly related to chili peppers and their investments reached 5 billion yuan [730 million USD].
Signature ceremony
The overall surface area devoted to chili pepper plantation in Guizhou reached 329 thousand hectares with an annual production volume of 5.43 million tons worth 15.2 billion yuan [2.2 billion USD]. There are nearly 200 processing companies that produce more than 50 chili pepper related products. The chili pepper processing industry is worth more than 10 billion yuan [1.46 billion USD]. Chili peppers are already the number one vegetable in Guizhou in terms of surface area and production volume. Chili peppers accounted for 28.7% of the surface area devoted to vegetable plantation in Guizhou, as well as 25.9% of the production volume of vegetables in Guizhou.
Source: gog.cn