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21st CIFIT comes to successful conclusion

(chinafair.org.cn) Updated:2021-09-14

The 21st China International Fair for Investment & Trade (CIFIT) came to an end in Xiamen, Fujian province on Sept 11.

Agreements for 512 projects worth 392 billion yuan ($60.7 billion) in investments were signed during the event, according to preliminary data.

As one of China's biggest international investment fairs, the CIFIT serves as a large investment promotion platform for countries. It also promotes in-depth communication and win-win cooperation, and creates new opportunities for international investment so as to promote the recovery and growth of investments around the world.

The event attracted over 820 industrial and commercial groups, more than 4,900 enterprises (including 110 of the world's top 500 enterprises and multinational corporations) and about 50,000 merchants from more than 90 countries and regions that participated through online and offline channels.

More than 60 forums, seminars, business conferences, project-matchmaking activities and briefings were held during the four-day event. These events focused on topics related to domestic and overseas investment such as Belt and Road construction, digital and green economies, and carbon neutrality. 

While providing all-round services to investors from all countries, the event also supported and encouraged Chinese enterprises to "go global" by expanding foreign investment and cooperation.

The Reports on the Development of Chinese Overseas Enterprises was released at a supporting event of the 21st CIFIT to help enterprises better deal with risks and challenges against the backdrop of the COVID-19 pandemic and rising protectionism.

As China's huge consumer market and growing investment strength have created new opportunities for the countries and regions involved in the Belt and Road Initiative, cooperation between these nations was a highlight at the event.

The 2021 Silk Road Maritime International Cooperation Forum, the fourth High-level Forum on Belt and Road Development, and other forums were held during the CIFIT to promote trade among regions involved in the Silk Road Economic Belt and the 21st Century Maritime Silk Road as well as boost Belt and Road cooperation. 

The BRICS new industrial revolution exhibition and a series of supporting activities were held during the CIFIT to deepen cooperation among global investors and members of the BRICS bloc.

Famous enterprises from BRICS countries showcased their advanced technologies and high-quality products at the exhibition.

The CIFIT was organized by China's Ministry of Commerce and several international organizations, including the World Trade Organization, the United Nations Industrial Development Organization, and the World Association of Investment Promotion Agencies. 

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