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The Fifth Shanghai International Industry Fair (SIIF) closed yesterday, with the clinching of deals worth about 39.8 billion yuan (US$4.8 billion).

The deals included technical transfer contracts worth about 7 billion yuan (US$846 million), technology stock pacts valued at about 6.2 billion yuan (US$750 million) and equity transactions worth over 9 billion yuan (US$1.09 billion).

Investment deals worth some 16 billion yuan (US$1.93 billion) were also inked during the six-day event.

Held at the Shanghai New International Expo Centre, with a total exhibition area of more than 62,500 square metres, the fair attracted over 460,000 visitors, including 11,300 from abroad and over 220,000 trade visitors.

Centred around its traditional theme of interaction between information technology and industrialization, the event included a special focus on modern equipment industry.

The latest testimony to the progress in China's space industry, the re-entry capsule and other parts of Shenzhou-V - the country's first manned space vehicle - were also on display during the event, causing a big stir among local visitors

The Sixth SIIF will be held in the city from November 4 to 9 next year, with a significantly-expanded exhibition area - from the current 62,500 square metres to 85,500 square metres, organizers said.

The focus of the 2004 event will be the modern equipment industry and engineering technology.

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