Qingdao scores at 18th CIFIT
Qingdao Overseas Investment Service Center has reached ten big deals with an accrued investment of up to 26 million yuan ($4 million) at an international trade fair in Xiamen, according to the government’s website on Sept 15.
Over the four-day event, the Qingdao delegation took part in a string of exhibitions, forums and roundtable talks featuring topics such as the 21st-century maritime Silk Road, trade across the Taiwan Straits, foreign direct investment and cross-border e-commerce.
The 18th China International Fair for Investment Trade, which is the largest scale of its kind in China, ended on Sept 12, attracting government dignitaries, entrepreneurs and global organizations from more than 100 countries and regions.
CIFIT, sponsored by the Ministry of Commerce, has been held annually since 1997 and is a platform for both domestic and overseas participants to cooperate and explore business opportunities.
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.