Just in case you are not familiar with the conference John Allen attended
XIAMEN, Sept. 7 (Xinhuanet) -- An estimated 10,000 overseas business people from 104 countries and regions will attend the Eighth China International Fair for Investment and Trade (CIFIT) which will open Wednesday in Xiamen of east China's Fujian Province, a spokesman for the organizing committee said here Tuesday.
More than 300 overseas delegations representing international organizations, foreign governments, multinationals, business associations and investment intermediate agencies have registered for the four-day annual investment promotion activity, said spokesman Chong Quan.
Delegations from enterprises and government departments in 31 provinces, autonomous regions and municipalities on the Chinese mainland will also attend the fair.
The event is sponsored by the Chinese Ministry of Commerce. It has been organized by the Fujian provincial government, Xiamen city government and the Investment Promotion Bureau of the Ministry of Commerce with assistance from the United Nations Conference on Trade and Development, the United Nations Industrial Development Organization, the International Finance Corporation and the World Association of Investment Promotion Agencies.
The fair is the only national event in China for international investment aiming at absorbing foreign direct investment (FDI). Aspart of China's strategy to open to the outside world, Chong Quansaid, the fair has become a gateway for international capital to enter China and a bridge for Chinese capital and enterprises to the other parts of the world.
Compared with previous CIFIT activities, the current fair will attach more weight to the promotion of two-way investment, as shown in a special arrangement of "face-to-face" trade talks for Chinese enterprises to make investment overseas, according to Chong.
A total of 285 projects from 52 nations and regions have been recruited for the trade-talks catering for the Chinese enterprises to invest outwards, Chong added.
Meanwhile, 210 investors from nearly 40 countries and nations, including the United States, Japan, Britain, France, Italy, Singapore and Hong Kong, will have talks with their Chinese counterparts at an investment "matchmaking" activity designed for overseas businesses to establish and enhance presence in China.
Chong said that the ongoing macro-economic control in China didnot affect the confidence of foreign investors about the development prospects on the Chinese market.
The spokesman's statement was partly proved by the latest FDI data in China. During the January-July period, FDI actually used amounted to 38.403 billion US dollars, up 15.14 percent.
Other major activities at the fair will include seminars on transnational investment, intellectual property right protection, upgrading of China's state-level economic and technological development zones and rejuvenation of manufacturing bases in northeastern China, Chong Quan said.
At the previous seven fairs, Chinese and overseas participants signed agreements involving a total contractual foreign investment of more than 70 billion US dollars. Enditem
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