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17th CIFIT Press Release

The 17th CIFIT achieved great success

     michael     2012-9-21 16:30:00    

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The 17th China International Fair for Investment and Trade (CIFIT) concluded in Xiamen, Fujian on September 11 after four days of exhibitions, seminars, and business talks.
 
The 17th CIFIT received strong backing from the Party and government leaders. Ma Kai, a member of the Political Bureau of the CPC Central Committee and Vice Premier of China, launched the fair with the “Golden Key” and addressed the International Investment Forum 2013. Also in attendance at the Fair were Wang Qinmin, Vice Chairman of the Chinese People’s Political Consultative Conference and Chairman of the All-China Federation of Industry and Commerce, and Wang Zhongyu, former Vice Chairman of the Chinese People’s Political Consultative Conference.
 
The Fair witnessed lively talks on investment and trade and yield substantial results. According to incomplete statistics, at the Fair, a total of 1,386 investment agreements were signed, involving a total investment of 420.6 billion yuan, including inward investment of 198 billion yuan, outward investment of 21.5 billion yuan, and domestic collaborative investment of 153.3 billion yuan. It’s noteworthy that Hainan, the Guest Province of Honor at the Fair, hosted a series of events, with 26 investment agreements clinched, involving contractual investment of more than 50 billion yuan.
 
Thanks to the vigorous support of related national government agencies, the active involvement of all segments of society and Chinese and foreign enterprises, and the concerted efforts of all member institutions, the 17th CIFIT had a larger-than-ever scale, a sharper international focus, more authoritative forums, a broader range of events, more economical organizing, and more remarkable results. It had the following seven features:
 
I. Participation of Trade Professionals from All over the World, Joining of Authoritative Organizations, and Accentuated Role as a Platform for International Economic Cooperation and Exchange
 
The 17th CIFIT took place at a time when the world economy was undergoing a weak recovery and demand in the international market demand was sliding. Amidst the complex and volatile international economic environment, the 17th CIFIT created a superb platform for promoting comprehensive economic recovery, becoming the focus of the world’s attention and attracting a significant number of participants. According to the Organizing Committee’s statistics, as of noon of September 11, the Fair had received a total of 15,173 overseas trade visitors from 118 countries and regions, as well as 556 overseas delegations representing 100 countries and regions, including 10 international organizations, 435 foreign trade missions, and 111 Hong Kong, Macao and Taiwan trade missions. Developed and emerging economies proved enthusiastic participants – there were more than 250 delegations from developed countries in North American and Europe, and 70 delegations from “BRICS” emerging economies. Compared with previous years, the number of high-ranking officials and prominent personages in attendance increased. The Fair hosted 560 VIPs from abroad, including Marco Hausik, Deputy Prime Minister of Namibia; Mukhisa Kituyi, UNCTAD Secretary-General; Rob Davies, Minister of Trade and Industry of South Africa; Rintaro Tamaki, OECD Deputy Secretary-General; Richard Sezibera, Secretary-General of East African Community; Chiang Hsiao-yen, Vice Chairman of Kuomintang; Karin Finkelston and Hua Jingdong, Vice Presidents of the International Finance Corporation of the World Bank; Abu Nar, President of the World Trade Center Association; Jim Rogers, co-founder of the Quantum Fund; Lord Sassoon, Chairman of the Britain-China Business Council; Forrest Monroy, Global Vice President of Seagate Technology.

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