Private enterprises to build pavilion

The 2010 World Expo organizer today announced another corporate pavilion to be constructed by a group of Chinese private businesses exploring the theme "Infinite Vitality."

Scene of the signing ceremony

The pavilion will showcase a vigorous and beautiful urban life. It will be funded by private companies and will illustrate their visions for the future. Covering 6,000 square meters on the Puxi side of the Expo site, it is expected to be financed by more than 10 private companies.

Huang Jianzhi, deputy director general of the Bureau of Shanghai World Expo Coordination, today signed a pavilion-building contract with Guo Guangchang, the Chairman of Fosun Group, China's largest private-owned conglomerate with a diverse range of businesses including pharmaceuticals and property development. Fosun will coordinate the funding and construction of the pavilion.

The pavilion will use cutting-edge technology to give visitors a spectacular interactive experience encompassing the energy and spirit of Chinese private companies, their creativity and lifestyle.

Guo said negotiations on the construction are going smoothly with leading Chinese private companies in a variety of industries including computers, internet, TV, and electronics.

Guo announced the pavilion's motto - "Do the Action!" Construction will start on June 26.

Chinese private companies feature creativity, innovation, challenge and passion. As an important component of the diversified economic structure of China, private enterprises have made a great contribution to the country's prosperity.