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13th CIFIT Press Release

The four-day 13th China International Fair for Investment and Trade (CIFIT) concluded on the afternoon of September 11, 2009 in Xiamen, Fujian, China.

This year’s CIFIT received strong support from the leadership of the State Council. State Councilor and State Council Secretary-General Ma Kai activated the “golden key” to open the 13th CIFIT, toured the exhibition, and delivered the keynote speech at the International Investment Forum 2009. Wu Yi, a former member of the CPC Central Committee and former Chinese Premier, attended the CIFIT for the eighth time. Yan Junqi, Vice Chairman of the National People’s Congress, and Li Wuwei, Vice Chairman of the Chinese People’s Political Consultative Conference, also attended the CIFIT and took part in related events.


A total of 93 officials at or above the vice ministerial rank attended the CIFIT, including Edmund Ho, Chief Executive of Macao Special Administrative Region; Lu Zhangong, Secretary of the CPC Fujian Provincial Committee; Chen Deming, Minister of Commerce; Huang Xiaojing, Governor of Fujian; Wang Yong, Director of the General Administration of Quality Inspection, Supervision and Quarantine; Bi Jingquan, Vice Secretary-General of the State Council; and Shao Qiwei, Director of the National Tourism Administration.


The 13th CIFIT coincided with the 60th anniversary of the People’s Republic of China and took place at a time when the relations across the Taiwan Straits were improving and the development of the economic zone on the western coast of the Taiwan Straits has been declared a part of the nation’s development strategy. Thanks to the concerted efforts of all related parties, this year’s CIFIT had a greater scale, richer contents, more events, stronger specialization, sharper focus upon internationality, more prominent Taiwan-oriented features, more substantial results, and increased influence. It featured six highlights:


I. Extensive Participation and Improved International Investment Functions


The 13th CIFIT grabbed worldwide attention as it took place in the midst of the global financial crisis and at a time when governments around the world were giving higher priority to investment cooperation. British Prime Minister Gordon Brown sent a congratulatory message to the CIFIT, wishing it a great success and stating that “the CIFIT is fully indicative of China’s status as one of the world’s largest investors and traders.” He sang high praises of the CIFIT.


As the world’s largest international investment promotion event, this year’s CIFIT drew a record number of high-level overseas participants. More than 330 high-ranking foreign government officials, principals of international organizations and chambers of commerce, and presidents and vice presidents of multinational governments, attended the fair, including Ricardo Cabrisas Ruiz, Vice President of Cuba’s Council of Ministers; Vladimir Bocevski, Deputy Prime Minister of Macedonia; Rama Sithanen, Deputy Primer Minister of Mauritius; Misa Telefoni Retzlaff, Deputy Prime Minister Samoa; Catherine Ashton, European Commissioner for Trade; Sun Chanthol, Senior Minister and Vice Chairman of Council for the Development of Cambodia; Maria van der Hoeven, Dutch Minister of Economic Affairs; and Shoichiro Toyoda, Chairman of Japan-China Investment Promotion Organization.


The international financial crisis has not slowed the pace of the pace of international capital searching for investment opportunities, and this year’s CIFIT continued to attract a large number of business professionals from across the world. According to CIFIT organizers, as of noon of September 11, a total of 13,768 visitors from 125 countries and regions, 492 overseas delegations from 83 countries and regions, and 41,687 domestic visitors took part in CIFIT. All figures are record highs.


Statistics show that the 13th CIFIT saw agreements on 742 investment projects, involving a total investment of USD 15.843 billion and foreign funds of USD 13.46 billion, including 515 contracted projects with a total investment of USD 8.78 billion and foreign funds of USD 7.53 billion; among the projects, 247 ones are each worth more than USD 10 million. This year’s CIFIT also saw increased enthusiasm among Chinese enterprises for “going global”. They signed 21 “going global” projects with a combined investment of USD 121.09 million, including USD 95.217 million for Chinese sources. Among these projects are 15 contracted projects with a combined investment of USD 78.09 million, including USD 57.217 million from Chinese sources; and 13 projects involved a Chinese investment of more than USD 1 million. Foreign trade also boomed at this year’s CIFIT, totaling USD 182.86 million, including USD 147.07 million for exports and USD 35.79 million for imports. As the world’s largest platform for investment promotion, CIFIT’s functions have further strengthened.


II. Increased Scale, Enriched Exhibition, and Stronger Specialization


This year’s CIFIT hosted a record 2,800 international standard booths, 300 more than last year’s, in an exhibition space of 60,000 square meters. The exhibition had four characteristics:


1. Increased Scale


A total of 64 countries and regions exhibited at this year’s CIFIT, occupying an exhibition space of more than 15,000 square meters. The scale of exhibition by overseas organizations, especially those from developed countries, further increased. For example, Taiwan staged 128 booths, Brazil 80, South Africa 56, Hong Kong 50, Thailand 33, the U.S. 32, France 22, Italy 22, and Holland 20.


2. Enriched Exhibition


This year’s CIFIT provided 13 exhibition areas. For the first time, new exhibition spaces showcased investment projects in real estate, the cultural creative industries, and agriculture. Additional exhibitions covered Taiwan commodities and development zones nationwide. Holland, the U.S., Brazil, South Africa, Italy, Hong Kong, Macao and Taiwan hosted pavilion day events. During this year’s CIFIT, the 1st China International Fair for Investment in Property(CIFIP), the China International Cultural Creative Industries Exposition, the 5th Straits Travel Fair, and the Passe Art Festival, were held. Exhibition space was also expanded for major industries such as real estate, the cultural creative industries, tourism, energy conservation, environmental protection, and agriculture


3. Strong Specialization


This year’s CIFIT gave priority to real estate, the cultural creative industries, tourism, energy conservation, environmental protection, agriculture, and modern services. The larger coverage of industries produced larger results.


4. Effective Interaction of Investment and Trade


This CIFIT also showcased premium commodities from Taiwan, Thailand, Vietnam, Latin America, Caribbean and Hong Kong, attracting a lot of buyers. The CIFIT has become a gateway for high-quality overseas products to enter the Chinese market.


III. Pragmatic High-level Forums and Seminars Accentuating CIFIT’s Role as a Barometer of International Investment


This year’s CIFIT hosted 67 high-level forums and seminars on “attracting FDI” and “going global”, with 368 speakers from 60 countries addressing a combined audience of 14,130. Overall, the forums and seminars at this year’s CIFIT focused on hot social and economic topics and mainly had the following four characteristics:


1. Many forums were hosted by national authorities, making them more authoritative. For example, the International Economic Forum 2009, hosted by the Ministry of Commerce and themed around “promoting international investment to accelerate economic recovery”, featured prominent speakers such as Ma Kai, State Councilor and State Council Secretary-General; Li Wuwei, Vice Chairman of the Chinese People’s Political Consultative Conference; Chen Deming, Minister of Commerce; Vladimir Bocevski, Deputy Prime Minister of Macedonia; Ricardo Cabrisas Ruiz, Vice President of Cuba’s Council of Ministers; Rama Sithanen, Deputy Primer Minister of Mauritius; Misa Telefoni Retzlaff, Deputy Prime Minister Samoa; Catherine Ashton, European Commissioner for Trade; Senior Minister and Vice Chairman of Council for the Development of Cambodia; and Maria van der Hoeven, Dutch Minister of Economic Affairs. They shared their insights into the global economic situation and international investment trends, attracting a lot of attention. The Ministry of Commerce and the Taiwan Affairs Office of the State Council co-hosted the 4th Cross-Straits Economic and Trade Cooperation and Development Forum, addressed by prominent personages from industry, business, the government, and academia.


In addition, the Ministry of Commerce, in partnership with other national authorities, hosted 34 forums and seminars on “attracting FDI” and “going global” as well as many other hot topics on international investment. Major topics included service outsourcing, government procurement, trade facility, green industry, financial lease and risk control, and international investment protection. This year’s CIFIT also saw the release of The China Service Outsourcing Development Report 2008 (English Edition) and The Report on Countries Where China Promotes Outward Investment, both of which generated a lot of interest.


2. At this year’s CIFIT, more than 40 countries and regions and 30 Chinese provinces and cities hosted seminars to promote their investment climates and showcase their investment projects. For the first time, the percentage of investment climate promotion seminars exceeded 60% of the total, indicative of the growing recognition of the CIFIT among foreign countries.


3. This year’s CIFIT included 17 international multilateral events, including the 16th joint conference of Chinese and Japanese investment promotion agencies, the fifth round of negotiations between China and Norway on the free trade zone, the second conference of the Chinese and Swedish task forces for energy conservation and environmental protection in the economic and trade sectors, the 22nd conference of the Chinese and Cuban economic and trade commission, the seminar on sustainable energy and reduction of carbon dioxide emissions, and the 2009 China-Germany economic cooperation and cross-border investment forum. These events have further strengthened CIFIT’s internationality and expanded its influence.


4. In recent years, CIFIT’s role as a platform for information release has become more apparent and intermediary organizations from across the world has showed a greater interest in hosting events during CIFIT. During this year’s CIFIT, the U.S.-headquartered Etech Securities hosted the World Capital Forum, the Shanghai Wenguang Group hosted the 2008 China International Real Estate Summit Forum, and Power Capital and the Investment and Cooperation magazine co-hosted the Capital Summit Forum. More than 30 other renowned organizations, including Britain’s Banker magazine, Australia-China Fortune Group, Europe Investment Council, Germany’s SME Federation, Xiamen University, Fuzhou University, China Social and Cultural Development Foundation, China Agricultural Society, and Sina’s financial channel, hosted related events independently or in collaboration with CIFT organizers.


5. Furthermore, the Shanghai Expo Executive Committee and Fujian People’s Provincial Government co-hosted the World Expo Forum – Development and Cooperation of Cities in the West Taiwan Straits Economic Zone to promote the upcoming Shanghai Expo and the economic zone on the western coast of the Taiwan Straits.


IV. Sharper Focus upon Taiwan and Greater Results for the Western Taiwan Straits Economic Zone


This year’s CIFIT included a large series of Taiwan-oriented events aimed at promoting economic and trade exchanges and cooperation across the Taiwan Straits. More than 3,500 Taiwanese business professionals and 86 Taiwan business groups and organizations joined this year’s CIFIT. Taiwanese dignitaries in attendance included the chairman of Taiwan’s New Party; the president of the CB group, who is also a member of the Kuomintang Central Committee; the chairman of Taipei World Trade Center; the director-general of Taiwan Business Promotion Society; the director-general of Taiwan Business Federation; the president of Formosa Plastics; the director-general of Taiwan Business Research Society; director-general of Taipei Importers and Exporters Association; and the chairman of Taiwan Dongyuan Group. Taiwan-related events at this year’s CIFIT had the following four new developments:


1. The Cross-Straits Economic and Trade Exchange Association officially joined the CIFIT, becoming its 53 institutional member.


2. The National Tourism Administration and Fujian Provincial Government co-organized the 5th Straits Travel Fair, a major platform for tourism industries around the world to deepen their partnership. For the first time, investment projects in and premium products from Taiwan were showcased, and a Taiwan pavilion day was staged.


3. The Ministry of Commerce and the Taiwan Affairs Office of the State Council co-hosted the 4th Cross-Straits Economic and Trade Cooperation and Development Forum, Britain’s Bank magazine hosted the Cross-Straits Banking Summit, and Xiamen University’s School of Management hosted the West Taiwan Straits Finance Forum. All these events were focused on hot topics and played a significant role in promoting the development of the economic zone on the western coast of the Taiwan Straits.


4. This year’s CIFIT included matchmaking symposia for investment projects proposed by Taiwan-funded enterprise in agriculture and other sectors. They attracted 25 Taiwanese enterprises and more than 400 mainland organizations, with 36 Taiwanese enterprises and 500 mainland enterprises matched up, which signed deals worth more than USD 35 million.

V. Stronger Industry-specific Investment Promotion and Greater Practical Results


This year’s CIFIT further strengthened matchmaking among industries and regions, with 14 dedicated matchmaking symposia provided. They were focused on matchmaking services in the four areas:


1. Matchmaking services for the themes of “attracting FDI” and “going global”. In response of Chinese enterprises’ greater enthusiasm for “going global”, a specific project matchmaking symposium was staged, drawing 620 Chinese enterprises and 120 foreign governmental investment promotion agencies, with four deals made. At the symposium, more than 4900 investment projects were unveiled to 537 domestic and overseas investors, with eight deals signed, involved a combined investment of more than USD 800 million.


2. Greater matchmaking services for industry-specific investment projects. At the matchmaking symposium for energy conservation and environmental protection projects and for investment projects initiated by overseas-educated Chinese entrepreneurs, 36 energy conservation and environmental protection investors, including Carlyle Fund, IDG, Aquila Capital Partners and Shanghai Chengxin, explored nearly 500 projects for matchmaking opportunities. At the matchmaking symposium for patented technology projects, 24 technology seekers from Taiwan, Hong Kong and the mainland explore 450 patented technology projects.


3. Matchmaking services for capital cooperation and SME financing. The new Invest in China – Enterprise Financing Road Show and Capital Matchmaking Symposia showcased 11 projects, attracting more than 80 domestic and overseas investors and business professionals. A total of 76 express sessions were conducted, showcasing projects seeking a combined investment of RMB 2.61 billion. The road show matchmaking symposium for premium projects featured nine projects selected from more than 100 high-quality projects, and four one of them located investors.


4. Matchmaking services for minor private investment projects and brand franchising. The brand franchising matchmaking symposium ran for two days proved another magnet at this year’s CIFIT, drawing more than 220 franchisers and over 13,000 perspective franchisees, 132 one of whom were successful.


VI. Colorful Supporting Events for Enhancing Bonding among Business Professionals


This year’s CIFIT also featured a fascinating range of supporting events. The Hague Philharmonic Orchestra presented two concerted during the CIFIT. Passe (Beijing) Investment Consulting staged an art festival on the third floor of the Xiamen International Conference and Exhibition Center to showcase selected contemporary Chinese artworks. Xiamen authorities organized a large-scale fireworks display, sponsored three performances of Charms of South Fujian, and hosted the 2009 Cross-Straits Kinship Gala. Nearly 1,000 fair participants also visited Kinmen. These events have further enriched the contents of the CIFIT and helped participants to renew their friendship.


This year’s CIFIT continued to attract much media attention. More than 1,400 reporters from 396 media organizations covered the events; they included Xinhua News Agency, China News Agency, People’s Daily China Central Television, China Daily, China Radio International, China Business News, Economic Observer Post, Beijing Review, Global Times, NHK, Reuters, ABC, Singapore’s United Morning Post, Macao TV, CtiTV, ETTV, Taiwan Business Times, United Post, Hong Kong Phoenix Satellite TV, Xinhua Net, Sina, and Netease. There were more than 13,000 news reports on this year’s CIFIT, turning it into the center of attention in the world.


The comprehensive logistical support for this year’s CIFIT further improved, allowing all events to proceed smoothly. As the hosts, Fujian and Xiamen gave high priority to the logistical support for the events and provided meticulous services in security, transportation, accommodation, food, hygiene, and exhibition staging.


The 14th CIFIT is scheduled for September 8-11, 20010 in Xiamen. Let’s meet again on this Island of Egrets in September next year.

 

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