CIFIT ends with success

chinadaily.com.cn | Updated: 2017-09-22 15:28

The four-day 2017 China International Fair for Investment and Trade (CIFIT) came to an end in Xiamen, Fujian province on Sept 21 with successful results.

The CIFIT is one of China's biggest international investment fairs, held between the 9th BRICS Summit and the 19th CPC National Congress.

More than 100,000 domestic and foreign business representatives from 107 countries and regions, nearly 700 business groups, over 40 multinational corporations and 4,000 domestic and foreign enterprises gathered at the fair.

This year's fair featured more than 5,000 exhibition booths in the Investment Promotion Pavilion and Industrial Investment Pavilion, covering 120,000 square meters.

More than 30,000 investment projects were showcased to participants, and 3,000 presentations and business matching activities were hosted during this year's CIFIT.

Deals for 1,577 investment projects worth a combined 532.7 billion yuan ($81.0 billion) were signed during the event. The agreements involved 232.0 billion yuan of foreign capital, 60.2 billion yuan of foreign investment and 240.5 billion yuan of regional cooperation.

More than 70 investment forums invited 358 guests from 35 countries and regions to share their investment experiences to over 36,300 people.

This year's CIFIT also seized the development opportunity brought by the BRICS Summit to deepen cooperation among global investors and members of the BRICS bloc.

Famous enterprises from the BRICS countries showcased their advanced technologies and high quality products in the 1,000-square-meter exhibition area.

A host of seminars and events themed on the Belt and Road Initiative took place during the fair. The countries along the "Belt and Road" were invited to display their investment opportunities.

Considered as a key gateway along the “Belt and Road” economic corridors, Georgia was this year's Guest Country of Honor, while another strategically important region, Ningxia, was the Guest Province of Honor.

Nearly 100 large enterprises from Taiwan participated in this year's fair, which helped promote Taiwan's participation in the Belt and Road Initiative.