BEIJING: China’s only major national exhibition focused on theme of investment, the 25th China International Fair for Investment and Trade (CIFIT), opened on Monday in Xiamen, East China’s Fujian Province, once again highlighting the country’s ongoing commitment to further opening-up, fostering cooperation, and sharing development opportunities with the world.
Chinese President Xi Jinping on Monday sent a congratulatory letter to the 25th CIFIT.
Xi noted that CIFIT, with its permanent theme of “Further expanding bilateral investment, Jointly facilitating global development,” has played a positive role in promoting the building of an open world economy and has become an effective platform for global investors to deepen practical cooperation, according to Xinhua News Agency.
Xi stressed that as a major contributor and anchor of stability for global economic growth, China will unswervingly expand high-level opening up, promote the liberalization and facilitation of trade and investment, continue to share its development opportunities with the world, and inject more positive energy and certainty into global development.
China is willing to work with all parties to promote a universally beneficial and inclusive economic globalization and create a bright future of prosperity and development, Xi noted, per Xinhua.
Organized by China’s Ministry of Commerce (MOFCOM), this international event, which is taking place in Xiamen from Monday to Thursday, has attracted delegations from more than 120 countries and regions, as well as 11 international organizations, with exhibitions from 51 countries and regions, according to MOFCOM.
This year’s exhibition covers a total area of 120,000 square meters and will host more than 100 investment promotion activities, aiming to serve as a flagship event for “Invest in China” and an important platform for facilitating two-way investment, according to MOFCOM.
The event garnered active participation from government and business representatives worldwide, who saw the platform as an important opportunity to further explore the market of the world’s second largest economy and expand cooperation with Chinese partners.
This year, more than 100 British companies and institutions from various industries are participating in the event.
Speaking at CIFIT, the UK Trade Commissioner for China Lewis Neal told the Global Times that his country is greatly honored to be the Guest of Honor at this year’s fair, which is China’s most important investment promotion event.
As one of Europe’s leading investment destinations, this recognition not only reflects the increasingly close investment ties between the UK and China, but also demonstrates the UK’s strong commitment to deepening economic cooperation with China, Neal said, noting that during the event, the UK will host business forums and dialogues with multiple Chinese provinces to strengthen interprovincial cooperation. –The Daily Mail-Global Times news exchange item
