CIFIT focuses on China, European Initiatives
The 18th China International Fair for Investment & Trade (CIFIT) is a launching pad for several economic initiatives, said Zhang Canmin, director of Conference Organizing Division of the Organizing Committee of CIFIT, during an August 5 news conference.
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Photo by Peng Juan / chinadaily.com.cn |
Zhang said the economic initiatives include attracting foreign business and investment to China, global promotion of Chinese enterprises, serving multinational corporations, serving micro-and-small businesses and releasing authoritative information and investment policy.
Zhang said the CIFIT will focus on strengthening cooperation between China and Central and Eastern Europe (CEE). The CIFIT will have an exhibition area for CEE countries to show their investment conditions, major industries, cooperative projects and featured products.
Chinese and CEE officials will hold three meetings focusing on promotion of investment opportunities in CEE, ways to boost communication for investment promotion organizations, and cooperative projects between China and CEE. Officials will discuss project opportunities in several major fields such as infrastructure, energy construction, resource exploitation, information and communication industries.
More than 370 foreign business groups from 78 countries and regions have registered for the event. Nearly 400 American enterprises are slated to attend.
Why Xiamen
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Xiamen is one of the most economically competitive cities in China and was one of the first Special Economic Zones on the Chinese mainland. As a vice-provincial city independently listed on the State development plan, it has provincial-level authority in economic administration and local legislative power. In 2010, the Xiamen SEZ was expanded to cover the entire municipality. Today, Xiamen is a modern and international port city.