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Economic recovery a hot topic of CIFIT
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| Chinadaily
2009-9-9 17:14:00 |
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China’s stabilizing economy will not only benefit its future development but greatly contribute to the rest of the world in tackling the global economic crisis, top Chinese officials said yesterday.
China will also maintain its macroeconomic plan and introduce several policies to deal with the global economic downturn, State Councilor and Secretary-General of the State Council Ma Kai said at the opening of 13th China International Fair for Investment and Trade (CIFIT).
Ma used a golden key to symbolically open a door to a hall in the fair’s main venue, marking the opening of the event in the coastal city of Xiamen yesterday.
The opening ceremony of the fair also saw the presence of some leading government (both domestic and overseas) and business officials, such as Li Wuwei, vice-chairman of the National Committee of the Chinese People’s Political Consultative Conference and Edmund Ho Hau Wah, chief executive of China’s Macao Special Administrative Region.
This year’s event is themed as “promoting multinational investment and boosting economic recovery,” Minster of Commerce Chen Deming said at a keynote speech during the opening ceremony.
“Highlighting greater international features, the fair signifies China’s cooperation with the rest of the world to tackle economic difficulties resulting from the global ?nancial crisis,” Chen said.
“We hope the fair will really serve as a golden key: Opening opportunities for each economy, promoting multinational cooperation and actualizing win-win development,” the minister said.
This year’s fair has attracted 13,000 overseas businessmen from more than 100 countries and regions, a record number, the CIFIT organizing committee said.
Its exhibition area is 60,000 sqm, 8,000 sq m more than last year, with 2,800 exhibition booths, making it the largest in the fair’s history.
A total of 23 forums are expected to be held, covering themes such as service outsourcing, government relations, trade facilitation, green industry, risk control, and international investment protection.
Sponsored by the Ministry of Commerce and organized by the Fujian provincial government, the Xiamen city government and the Investment Promotion Bureau under the Ministry of Commerce, and supported by five international organizations, CIFIT has become one of China’s most influential international platforms for the promotion of investment.
Sources with the organizing committee said domestic and overseas investment projects worth more than $85 billion were signed in the last 12 fairs, attracting nearly 110,000 participants from more than 140 countries and regions.
During the first half of this year, China’s GDP saw an increase of 7.1 percent, 0.3 percent higher than the fourth quarter of last year, making China one of the few countries to see economic recovery in the world, Chen said.
“The Chinese government has been always attaching great importance to investment and trade cooperation with the rest of the world, especially amid the global economic downturn,” Chen said.
Overseas business participants hailed Chen’s remarks, saying China’s booming economy has increased their confidence, helping them to invest in the country.
Mal Smith, Tesco Property Ltd (South China) CEO, said “China’s healthy economy, together with a series of economic stimulus plans issued following the global financial crisis reaffirmed their decision to invest.”
The Britain-based international retail giant signed a 5 million Yuan investment agreement with the Fujian provincial government yesterday to build an outlet in Jinjiang.
“This is just the beginning of our business expansion in the province. We also aim to strengthen cooperative relationships with the local government as well,” he told International Investment Express.
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