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Numerous countries attract investment from Chinese firms

     chinadaily     2017-11-13 17:20:00    

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A number of countries attending the 2017 China International Fair for Investment and Trade (CIFIT) held in Xiamen, Fujian province from Sept 18 to 21 attracted Chinese investors to invest in their countries, such as Ghana, the Kingdom of Tonga, Indonesia and Belgium.


Many institutions from Ghana, including Department of Trade and Industry, Investment Promotion Center, and Export Promotion Bureau attended the fair to invite Chinese enterprises to invest in Ghana’s manufacturing industry.


Pohiva Tuionetoa, minister of Trade and Industry of the Kingdom of Tonga, led a delegation to attend the fair and he hopes for more investments from Chinese enterprises to improve their country’s employment status and technological level and also promote the two countries’ trade and cooperation.


The Kingdom of Tonga is a country consisting of 173 islands. The minister said that Tonga has long and resourceful coastlines while China has deep-sea fishery with advanced equipment and thus, he hopes that Chinese enterprises can invest in Tonga’s fishing industry and more seafood from Tonga can be exported to China.


Purnomo Andiantono, manager of marketing and public relations of Indonesia’s Batam regulatory authority, briefed that Batam has received 75 investment projects from China from 1998 to Aug 2017 with a total investment of $1.7 billion, creating 5,082 jobs for the local people.


The manager said that Batam is in dire need of improving its manufacturing industry and infrastructure and he hopes to attract more Chinese investments by the island’s preferential policies such as tax reduction and exemption.


Cao Yuanyuan from Brussels’ Foreign Investment and Trade Promotion Bureau also hopes that Chinese enterprises can learn more about Brussels and find out that there is another viable option for them if they want to invest in Europe.


Cao introduced Brussels’s advantages in advanced technology, financial service, architectural design, biomedicine and new energy to Chinese enterprises.


She said that Chinese firms’ foreign investment has tremendously increased in recent years and she is optimistic in regards to China’s investment potential.


According to the World Investment Report 2017, China’s foreign investment increased by 44 percent in 2016 to $183 billion, rendering China the second largest foreign investor in the world for the first time.


Astrit Sulstarova, head of investment trends and data department of United Nations Conference on Trade and Development, pointed out that China’s increase in foreign investment will be increasingly apparent and its enterprises will invest in much more countries in many other fields, not just limited to manufacturing and service industries.


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