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2019 CIFIT to focus on investment between B&R economies

     chinadaily     2019-3-7 16:30:00    

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Han Jingyi, deputy mayor of Xiamen, addresses the preparatory meeting for the 2019 China International Fair for Investment and Trade (CIFIT) held in Kunming, capital city of Yunnan province on March 5. [Photo by Lin Ting/chinadaily.com.cn]


The 2019 China International Fair for Investment & Trade (CIFIT) and International Investment Forum (IIF) will focus on investment between the Belt and Road (B&R) markets, according to a preparatory meeting for the two events held in Kunming, Yunnan province on March 5.


The 2019 edition will serve as a platform for Silk Road countries and regions to seek cooperation and exchanges with each other, said the organizing committee at the meeting.


The CIFIT this year will also organize B&R forums, including an investment summit of overseas Chinese businessmen, an international production capacity cooperation forum, and an infrastructure investment and construction summit.


With an exhibition area of 130,000 square meters, the 2019 CIFIT will house 6,000 booths and the recruitment process for exhibitors is well underway.


Over the past few years, the organizing committee has recommended representative countries along the B&R route as its guest countries of honor, including Malaysia, Bahrain, Italy, and Georgia.


In 2018 the CIFIT event established a pavilion for countries along the Maritime Silk Road and attracted more than 20 such countries.


CIFIT takes place in Xiamen in September every year. Focusing both on investment negotiation and investment policy promotion on a national and international scale, the fair also promotes the development of the national and regional economies in China as well as economic and trade exchanges across the Taiwan Strait.


In 2018, the fair facilitated the signing of 1,982 investment projects worth 527.5 billion yuan ($76.45 billion) and drew the attendance of more than 120,000 representatives of 1,005 industrial and commerce associations and about 5,000 companies representing 128 countries and regions.


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