CHINA KICKS OFF INTERNATIONAL FAIR TO ELEVATE INVESTMENT, TRADE

KUALA LUMPUR, Sept 9 (Bernama) -- The 24th China International Fair for Investment & Trade (CIFIT), which kicked off in Xiamen, Fujian Province, was participated by 119 countries and regions and 18 international organisations, of which about 80 per cent are in the joint pursuit of the Belt and Road Initiative.

The event was sponsored by the Ministry of Commerce and co-organised by the Fujian Provincial People's Government, the Xiamen Municipal People's Government, and the Investment Promotion Agency of the Ministry of Commerce.

Themed "Investment Linking the World", this year's CIFIT has a total exhibition area of 120,000 square metres with new highlights, namely "Invest in China" and "China's Outward Investment and Cooperation" areas, showcasing the achievements of foreign investment in China and vice versa.

The event has set up a 47,000 square metres Industrial Innovation and Development Pavilion, focusing on fields such as BRICS cooperation, supply chain innovation, new quality productive forces, as well as green and low-carbon, according to a statement.

Its five areas, namely the BRICS Exhibition on New Industrial Revolution, Digital Economy, China Supply Chain Innovation, New Energy and Green Innovation, and the 2024 China (Xiamen) International Technology Expo for Public Security and Legal Services are geared up to demonstrate regional investment and cooperation achievements, new technologies and products in industrial innovation and development, as well as trends in strategic emerging industries and future-oriented industries.

This year marks the 75th anniversary of the establishment of diplomatic ties between China and Hungary, and Hungary is the guest of honour at this year’s CIFIT.

As the barometer and weather vane of China's inbound and outbound investment, CIFIT has been successfully held for 23 sessions since it was founded in 1997.

More than 30,000 projects have been signed, a great number of signature foreign-funded projects have been implemented in China, and numerous Chinese enterprises have reached the global market.

-- BERNAMA