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International trade

China to Host 25th China International Fair for Investment and Trade, Emphasizing Enormous Potential for Investment

Strategic Insights

— 1 min read

The State Council of the People's Republic of China has announced that the 25th China International Fair for Investment and Trade (CIFTIS) will be held in Xiamen, Fujian Province, from September 8 to 11. The event aims to attract global investors and facilitate the implementation of landmark projects in Fujian, a province that has already attracted Fortune 500 companies like Saudi Basic Industries, ExxonMobil, and ABB, with a total of 230 foreign-funded projects.

Key Takeaways:

  • The current global economic momentum is insufficient, with various trade and investment barriers increasing, and cross-border investment slowing down.
  • Nearly 100 executives from multinational corporations and heads of international investment institutions will participate in this year's Investment and Trade Fair.
  • Fujian has seen a 15.7% year-on-year increase in actual use of foreign capital in the first half of this year.
  • Fujian accounts for one out of every three pieces of automotive glass worldwide and one out of every three electric vehicles uses batteries from the country.
  • China's comprehensive advantages, including its massive market, comprehensive and efficient supply chains, and the diverse application scenarios of the new round of scientific and technological revolution and industrial transformation, demonstrate the country's potential for investment.
  • China has fostered a market-oriented, law-based, and internationalized business environment, providing long-term stability and certainty for foreign investment.
  • The country will actively and prudently expand pilot programs in areas such as value-added telecommunications, biotechnology, and wholly foreign-owned hospitals, and continue to promote opening up in relevant areas.
  • The Ministry of Commerce will continue to hold roundtable meetings with foreign-invested enterprises every month and conduct special visits to provide services and support.

Statistics:

  • 15.7% year-on-year increase in actual use of foreign capital in Fujian in the first half of this year.
  • 230 foreign-funded projects in Fujian, attracting Fortune 500 companies like Saudi Basic Industries, ExxonMobil, and ABB.
  • 100 executives from multinational corporations and heads of international investment institutions participating in this year's Investment and Trade Fair.
  • 1,500 difficulties and demands faced by foreign-invested enterprises resolved through roundtable meetings with the Ministry of Commerce since last year.

Sources:

  • Official news release from the State Council of the People's Republic of China.
  • Quotes and statements from Ling Ji, Vice Minister of Commerce and Deputy Representative for International Trade Negotiations.
  • Statistics and data provided by the Fujian provincial government and the Ministry of Commerce.

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