_News Center_China International Fair for Investment & Trade (CIFIT)

On the morning of September 8th, Wu Yi, member of the Politburo of the CPC Central Committee and Vice Premier of China, delivered the keynote speech, entitled “Achieve Mutual Benefits and Win for All in Common Development”. Madam Wu emphasize that China needs the world in order to develop and the world needs China in order to prosper, and that China will continue to join hands with other nations to develop a peaceful, collaborative, thriving and harmonious world in order to achieve mutual benefits and common prosperity.

Madam Wu stated that in recent ten years, CIFIT has shifted its focus from attracting foreign investment to China to an equal emphasis on “Introducing FDI” and “going global” and promoting two-way investment and from providing a window on the efforts of Chinese provinces, autonomous regions and municipalities to open up and expand the absorption of foreign investment to providing a platform of for forging ties with other countries to strengthen investment cooperation. A large number of Chinese enterprises have secured cooperative partners for overseas investment and many businesses from countries and regions around the world have identified investment and growth opportunities in China. CIFIT has become a major internationally influential channel for promoting international investment. The International Investment Forum has witnessed eight successful sessions since its inauguration in 2000 and has become an authoritative platform for China to introduce the opening-up policy and release investment information and an important venue to exchange investment experiences and discuss investment promotion methods.

Madam Wu pointed out that China’s opening-up drive has entered into a fresh stage characterized by all-out, multi-tiered and wide-ranging opening-up. She added that China’s vast market and enormous demand are favorable for developing nations to expand the exports of agricultural products, raw materials and manufactured products; China’s strengths in manufacturing, engineering and construction are conducive to the development of infrastructures in developing nations and the improvement of living standards; and that China’s increasingly strengthened outward investment capabilities have provide fresh sources of direct investment for developing nations.

Madam Wu continue to say that the Chinese Government has taken a series of macro-control measures, including adjusting the policy of processing trade, enacting enterprise income tax law, antimonopoly law and regulating mergers and acquisitions by foreign companies. These macro-control measures, laws and provisions may have some impact on the foreign-invested companies in China, but these measures, laws and provisions are aimed to provide a more equal, opener and reputable market climate for enterprises. In the long run, they are useful for the sound development of enterprises, deepening of international economic and trade cooperation and balancing international trade. With an increasingly open and faster economic development, more transparent policies and a more stable market order, China will certainly become a major economic and trade partner of the world and create more opportunities for enterprises at home and abroad.

Before concluding her speech, Madam Wu proposed five suggestions for international investor: enlarging the cooperation of modern services, strengthening energy efficiency and environmental protection and the cooperation of urban development, actively participating actively China regional development and construction, launching technological cooperation with China’s enterprises and exploring the new ways of jointly carrying out international investment cooperation.