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Features of 2018 CIFIT unveiled at Shanghai promotional conference

     chinadaily     2018-6-1 11:30:00    

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The organizing committee of the 2018 China International Fair for Investment and Trade (CIFIT) came to Shanghai, China to unveil the event’s main features on May 30.


Officers from the Consulate General in Shanghai for the countries of Serbia, the United Arab Emirates, Hungary, Portugal, Mexico, the Philippines, Malaysia, and Uzbekistan, were invited to attend the activity.


The promotional conference also welcomed more than 250 representatives from business organizations, multinational corporations and prominent enterprises, and approximately 200 officers from related Chinese government agencies.


During the promotional conference, He Maochun, adviser of China’s State Council and director of the economic and diplomatic study center of Tsinghua University, shared his study on new situations of investment at home and abroad and the investigation of countries along the Belt and Road route.


During the experience sharing part of the conference, Elod Tasnady, commercial counselor of the Consulate General of Hungary in Shanghai, Zhang Hongxia from this year’s guest province of honor Yunnan, and Hong Benzhu, deputy director of Xiamen’s commerce bureau, talked about their experience in attending the fair.


A match-making activity involving nearly 2,000 projects was organized for the guest province of honor on the same day.


As a global financial center, Shanghai plays an important role in China’s national strategies, including the Belt and Road Initiative and development strategy of the Yangtze River Economic Belt.


As a result, Shanghai is vital for expanding CIFIT’s international influence.


Depending on Shanghai’s international influence, the promotional conference unveiled the features and advantages of the upcoming CIFIT.


Exploring cooperation among countries along the Belt and Road route


Fujian province is the starting point and birthplace of the Maritime Silk Road and as one of China’s four earliest special economic zones, Xiamen, a sub-provincial city in the southeastern province, is at the forefront of China’s reform and opening up.


The CIFIT, rooted in the city, inherits the spirit of the Maritime Silk Road: cooperation, openness, inclusiveness, mutual learning and mutual benefit.


The fair serves global businessmen with an open heart and the countries along the Belt and Road are the event’s frequenters.


Its previous guest countries of honor, such as Malaysia, Bahrain, Italy, and Georgia, are the most representative countries along the Belt and Road route. The event’s organizing committee organized a series of activities for them based on their economic features, industrial development and superior resources.


The Czech Republic was identified as this year’s guest country of honor. The organizing committee will help the Central European country establish a 800-square meter pavilion, and organize themed forums and a seminar on The Czech Republic’s business climate and project match-making activities exclusive to the country.


Besides its guest country of honor being the Belt and Road countries, exhibition areas themed on the Belt and Road Initiative are expected to be arranged.


As of now, 10 countries along the Belt and Road route plan to establish a national pavilion during the fair to show their national image and attract investment, including Malaysia, Indonesia, the Philippines, Pakistan, and Spain.


More other countries will also establish a pavilion at the event to seek cooperation with overseas enterprises, including Chinese ones.


Various themed forums related to the Belt and Road Initiative will be organized, including a forum on cross-border finance powering the Initiative, a forum on the development of traditional Chinese medicine, a women’s forum, and a human resources forum.


As for the project match-making activities, an activity exclusive to the Belt and Road countries and an economic and trade cooperation activity between Fujian and countries along the Maritime Silk Road will be launched.


Mastering the latest information on international investment


The CIFIT has always maintained its authoritative, professional and forward-looking position in international investment over the past 20 years, featuring high standard on the interpretation of economic trends, policies and regulations.


The fair has grown into an official channel for related agencies from home and abroad to introduce their investment climate and release authoritative reports, and thus, CIFIT was likened to the indicator of international investment trends.


The United Nations Conference on Trade and Development (UNCTAD) decided to hold its second World Investment Forum together with the CIFIT in Xiamen as early as 2010.


The World Association of Investment Promotion Agencies (WAIPA), one of CIFIT’s co-organizers, plans to hold its annual meeting during this year’s event in the coastal city.


It’s anticipated that large numbers of investment promotion agencies and enterprises from nearly 100 countries and regions will come to Xiamen for the CIFIT.


More than 80 forums regarding investment are expected to be organized, during which the UNCTAD, the UN Industrial Development Organization (UNIDO), China’s commerce ministry, China Investment Association and other organizations will release their study results, including Report on Foreign Investment in China, World Investment Report (Chinese version), Report on the Development of China’s Overseas Contracted Projects, Report on the Development of China's Foreign Labor Cooperation, and Report on the Development of E-commerce in China.


New economic forms are also the focuses of this year’s event. Exhibition areas related to we-media investment, copyright investment and investment and financing in emerging industries will be included to help participants explore the direction of future investment.


Creating more precise cooperation opportunities


As an international investment promotional platform established by China’s commerce ministry, CIFIT is scheduled to take place in Xiamen from September 8 to 11 each year.


Statistics from CIFIT’s organizing committee shows that a total of 1,577 projects were concluded at the 2017 CIFIT with an investment of 532.7 billion yuan ($83.63 billion), of which 240 billion yuan is used for regional cooperation.


Project matchmaking activities during this year’s CIFIT will be more precise. These activities will be integrated with exhibitions, conferences, forums and other supporting activities and the exchanges between key industries’s investors and project holders will be further enhanced.


Centering around hot issues, such as China’s supply-side structural reform, innovation, startups, listed companies, these project matchmaking activities will focus on strategic emerging industries and key sectors.


An online CIFIT, launched earlier this year, enables the fair’s organizing committee to help registered projects seek appropriate investors and vise versa at any time and in any place.


“Investment Nationwide” will continue to be organized. It is a series of events during which registered investors will be organized to visit their favored cities or industrial parks and seek cooperation with local enterprises.


The Shanghai promotional conference was organized by the CIFIT’s organizing committee, and supported by China Association of Enterprises, China Investment Association and China Association of Development Zones.


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