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Fujian set to benefit from international investment fair

     chinadaily     2017-9-7 9:19:00    

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 Companies and government organizations in Fujian province are set to sign 181 contracts and 21 memoranda of understanding during the upcoming 2017 China International Fair for Investment and Trade, the province’s commerce bureau announced on Aug 21.


The 181 contracts involve a combined investment of 92.40 billion yuan ($13.85 billion), including $5.87 billion in foreign capital.


Fujian province is the host province of the CIFIT, one of the largest trade and investment fairs in the world.


The provincial government has played an active role in promoting this year’s event, which will be held in the coastal city of Xiamen from Sept 18 to 21.


It has invited some 200 international business groups to take part in the 2017 CIFIT, including German health care group Fresenius, French retail giant Carrefour, South Korea’s SK Holdings, and Singapore’s Mapletree Investment.


More than 30,000 projects will be presented to investors during the fair in total, and more than 3,000 business matchmaking and networking events will be hosted.


Wang Qiongwen, director of Xiamen municipal bureau of convention and exhibition affairs, which organizes the CIFIT, said that the fair would stimulate global investment and cooperation between the BRICS countries when it opens on the heels of the ninth BRICS Summit.


The fair has planned a BRICS product exhibition to showcase advanced technologies and quality products from Brazil, Russia, India, China and South Africa. An e-commerce forum will also focus on the BRICS nations and deliver a development report on small and medium-sized e-commerce enterprises in the BRICS bloc.


The four-day event will also shed light on China’s smart manufacturing, global mergers and acquisitions, and internet finance.


Nearly 40 countries and regions have already confirmed the details of their exhibitions to be staged at the fair, including the US, Japan, South Korea, New Zealand and Spain. This year’s Guest Country of Honor, Georgia, booked an 800-square-meter exhibition area.


In total, 500 business groups from 80 countries and regions have confirmed they will be visiting the fair.


From within China, Ningxia Hui autonomous region will promote itself at the fair as the Guest Province of Honor, and Shenyang in Liaoning and Youxi county in Fujian will arrange promotional activities as Star City and Star County.


With a spacious exhibition area of 120,000 square meters, the 2017 CIFIT will house 5,000 exhibition spaces including a 4,000-square-meter area for the Exhibition of China Time-honored Brands.

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