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16th CIFIT Press Release

The 16th CIFIT achieved great success

     michael     2012-9-21 16:30:00    

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The 16th China International Fair for Investment and Trade (CIFIT) in Xiamen, Fujian province, had a successful closing ceremony on Sept 11, with 485 projects and billions of investments.
On the 16th CIFIT, State Councilor Ma Kai opened the event and made his keynote address at the international Investment Forum 2012. Wan Gang, minister of science and technology also attend the event.
Fujian Party chief Sun Chunlan and Su Shulin, governor of Fujian province, as well as officials from domestic and abroad participated in the fair.
During the four-day event, delegations from across the world flocked to Xiamen, and more than 15,000 overseas investors from 120 countries and regions have gathered at the event, in search of business opportunities.
This CIFIT is bigger than ever, making it a fantastic platform for international investors.
Organizers have expanded the exhibition floor space to a record 100,000 square meters from 65,000 square meters, an increase of 53.8 percent, compared with the prior year. The professional exhibitions included tourism, real estate, green industry, brand, cultural creative, chemical, tea and wine industry.
More than 50 countries and regions took part in the exhibition. In particular, delegations from the United States, Japan, German, etc, expanded their exhibition, accounting for more than one third of the foreign exhibition area.
Many international trade organizations also made their debut on the CIFIT. The World Trade Centers Association set up a pavilion at CIFIT for the first time this year.
With extensive exchange and negotiation during the CIFIT, 485 projects were concluded. The total and foreign investment reached $27.04 billion and $21.83 billion, respectively.
Among these projects, 263 are multimillion-dollar projects, amounting to total investment of $19.18 billion and foreign investment of $15.42 billion.



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