XIAMEN, China, September 21, 2012 /PRNewswire/ -- The 16th China International Fair for Investment and Trade (CIFIT) in Xiamen, Fujian province, an event which included 485 projects and billions worth of investments, officially ended on Sept. 11 with a dazzling closing ceremony.
During the four-day event, delegations from across the world flocked to Xiamen, and more than 15,000 overseas investors from 120 countries and regions attended the event in search of great business opportunities. Fujian Party chief Sun Chunlan and Su Shulin, governor of Fujian province, as well as officials from domestic and abroad participated in the fair which began with a keynote address by State Councilor Ma Kai at the International Investment Forum 2012. Wan Gang, minister of science and technology also attended the event.
This year's CIFIT was bigger than ever, making it a fantastic platform for international investors.
Organizers expanded the exhibition floor space to a record 100,000 square meters from 65,000 square meters, an increase of 53.8 percent, compared with the prior year. The professional exhibitions included the tourism, real estate, green, brand, cultural creative, chemical, tea and wine industry.
More than 50 countries and regions took part in the exhibition. In particular, delegations from the United States, Japan, German, etc, expanded their presence at the exhibition, accounting for more than one third of the foreign exhibition area. Many international trade organizations also made their debut at the CIFIT including The World Trade Centers Association which set up a pavilion at CIFIT for the first time this year.
With extensive exchange and negotiation during the CIFIT, 485 projects were concluded. The total and foreign investment reached $27.04 billion and $21.83 billion, respectively. Among these projects, 263 are multimillion-dollar projects, amounting to total investment of $19.18 billion and foreign investment of $15.42 billion.
About CIFIT
The China International Fair for Investment and Trade (CIFIT), approved by the State Council of the People's Republic of China, takes place on September every year in Xiamen, China. Themed on "Introducing FDI" and "Going Global", CIFIT features a focus upon nationality and internationality, upon investment negotiation and investment policy promotion, upon coordinated development of national and regional economy, and upon economic and trade exchanges across the Taiwan Strait. CIFIT is currently China's only international investment promotion event aimed at facilitating bilateral investment. It's also the largest global investment event approved by UFI. CIFIT has the following major contents: investment and trade exhibition, the International Investment Forum and serial seminars on hot investment issues, and investment project matchmaking symposia. CIFIT not only comprehensively showcases the investment environments, investment policies, investment projects and corporate products in all provinces, autonomous regions and municipalities directly under the Central Government in mainland China, but also attracts investment promotion agencies from dozens of countries and regions to conduct investment briefings. CIFIT offers optimum opportunity for business people at home and abroad to get a bird's-eye-view on the investment climates in China and other countries, and ensures them one-stop shopping service for multilateral investment cooperation, thereby helping them select from the widest range of investment projects and business partners. In response to the adjustments of the world's industrial structure and in view of the emerging trends, challenges and opportunities in international investment cooperation, the 15th CIFIT will carry out China's latest national development strategies, implement the nation's strategies for coordinated development of regional economies, and promote bilateral and multilateral economic exchanges and partnerships. CIFIT is poised to become the world's most prestigious international investment exposition.
