Defu, secretary of the Communist Party of China¡¯s Fujian Provincial Committee,
extends congratulations on the Seventh CIFIT:
Firstly, congratulations on the ceremonious opening of the Seventh China
International Fair for Investment and Trade and a warm welcome to distinguished
guests and friends from home and abroad.
Opening up to the world is China¡¯s long-term basic policy.
Our practice and history have demonstrated that opening up makes the nation
prosperous and isolation makes it weak and vulnerable.
Under such new circumstances as accelerated globalization and China becoming
a member of the World Trade Organization, it becomes the best choice for
us to open upwider to the world. We must remain integrated with the rest
of the world in a proactive manner, and faithfully enforce the combined
strategies of attracting overseas investments and going global. We must
get more involved in international economic co-operation and exchanges
across a greater range, wider fields and at higher levels, making full
use of domestic and foreign markets
and resources. Only in this way can we attain an advantageous position
in international competition and lay a solid foundation for the goal of
building a well-off society in an all-round way.
CIFIT is China¡¯s only national event dedicated to the promotion of international
investment. Its first six sessions have contributed significantly to the
opening-up drive inFujian, and facilitated the
implementation of the national opening-up policy and the work of utilizing
foreign funds nationwide. It has become an efficient channel for international
capital to enter China and an important bridge for Chinese enterprises
to enter the world market.
This session is the first large national event featuring economic and
trade activities since China triumphed over SARS. It is also a good opportunity
for our province to display a new image in our opening up effort toward
further development. We shall sum up the past experiences and, under the
direction of the Ministry of Commerce, spare no effort to do a good job
in a warm, well-rounded and down-toearth manner while ensuring security,
in a bid to make suchtwo-way investment promotion
greater, wider and more substantive.
To be greater is to attract a greater amount of foreign investment, to
enable a greater number of domestic enterprises to go global, and to provide
greater opportunities for domestic and overseas investors and business
To be wider is to access a wider source of foreign capital, to expand
into wider areas for foreign investment, and to achieve a wider range
of co-operation and exchange between domestic and foreign businesses.
To be more substantive is to attach more importance to the fair¡¯s substantive
results and to exert more influence on the world by reaching a greater
success. At the same time, we are pushing for this event to become an
international investment expo with concerted efforts from central government
bodies and other provinces and
I believe the Seventh CIFIT will be a complete triumph and wish all friends
good health and successful businesses negotiations during their stay in
By MA XIUHONG
Workers put the finishing touches on the Xiamen International Exhibition
Centre yesterday in preparation for the latest China
International Fair for Investment and Trade. The event, the seventh
in its history, will start tomorrow in the city of Xiamen, East
China¡¯s Fujian Province.
The Seventh China International Fair for Investment and Trade
(CIFIT) will open tomorrow in Xiamen, Fujian.
On behalf of the Ministry of Commerce of the People¡¯s Republic of
China, I would like to wish the Seventh CIFIT a great success on
this grand occasion.
I believe that the level of CIFIT will be further improved and greater
progress will be made in terms of promoting foreign investment in
and the overseas investment of Chinese enterprises.
As it focuses on the two major themes of ¡°Introducing Foreign Direct
Investment (FDI)¡± and ¡°Going Global,¡± and centres around China¡¯s
policy on FDI utilization, CIFIT will give full publicity to the
foreign investment policy, law and investment environment, actively
the implementation of China¡¯s ¡°Going Global¡± strategy, and invite
enterprises and officials from key destination countries and regions
of investment to introduce investment.
CIFIT has become a platform for expanding exchanges between Chinese
and foreign investors as well as governments, and furthering the
understanding about each other and increasing co-operation.
At present, CIFIT is the only national economic and trade event
with the theme of investment promotion in China. Since 1997, it
has been held annually from September 8-11 in Xiamen. Thirty-one
provinces, municipalities, autonomous regions and some cities directly
under State planning as well as relevant departments of the State
Council of China are members of the Organizing Committee of CIFIT.
Sponsored by the Ministry of Commerce, with UNCTAD and WAIPA as
the co-sponsors, the Seventh CIFIT has been organized by the Fujian
Provincial Government and Xiamen, as well as the Investment Promotion
the Ministry of Commerce.
The Seventh CIFIT will be a grand event for international investment
Many enterprises from 31 provinces, municipalities and autonomous
across China and relevant government departments will organize delegations
to participate in the event.
Industrial and commercial as well as financial enterprises and government
investment promotion agencies from over 30 countries and regions
actively take part in the event.(continued on Page 2)
||Big multinationals are shifting their operations toward
China, a move which enables them to better cash in on the country¡¯s
robust economic growth, huge market and inexpensive
labour. -- Page 2
||Hong Kong has become a world-class financial,
trading and business centre and, indeed, a great metropolis.
-- Page 3
||Well-known for its tropical scenery, Hainan occupies
an important position in the Asia-Pacific economic circle.