Intl investment fair to promote China's open economy

BEIJING - An international investment and trade fair in the eastern coastal city of Xiamen next month will focus on promoting China's open economy, the event's organizing committee said Tuesday.

More than 600 business teams from over 90 countries and regions are expected to participate in the China International Fair for Investment and Trade (CIFIT), slated for September 8-11, the organizers said at a press conference.

China's Vice Commerce Minister Wang Shouwen said this year's participants will share their experience and views about the open economy.

Last September, China issued a guideline to open the economy wider to the outside world.

This year's CIFIT participants will also discuss trends in the global economy and transnational investment, Wang said.

This year's event will feature 6,000 exhibition booths covering 138,000 square meters.

CIFIT has been held annually since 1997. It is one of the largest and most influential investment platforms in the world and is aimed at facilitating bilateral investment.

More than 50,000 business took part in previous fairs, according to the organizing committee.