Focus on new investment areas


THE seventh China International Fair for Investment and Trade (CIFIT) will be held on Sept 8 in Xiamen city in the south-eastern province of Fujian. 

Provincial governments throughout China and relevant state ministries and commissions will attend the fair to promote their investment projects and products, according to officials from the Department of Foreign Trade and Economic Co-operation. 

The fair will focus on such themes as new investment fields in China since it joined the World Trade Organisation (WTO), major state projects and international capital investment. 

Fifteen forums and relevant seminars on international investment and Chinese industries are on the fair's agenda. 

Organisers said the fair is expected to attract more foreign investors after China's accession to the WTO, while more Chinese enterprises will be encouraged to invest overseas. 

Last year's fair produced impressive results both in foreign direct investment and in trade. Some 1,814 project contracts in high-tech, real estate, tourism and other sectors were signed with a total contractual value of US$13.7bil (RM52bil), of which US$11.2bil (RM43bil) came from overseas. – People's Daily 

  • Another perspective from The China Daily, a partner of Asia News Network. 

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