Trade fair in Xiamen to sizzle online and offline
The 2020 China International Fair for Investment & Trade (CIFIT) in the Chinese coastal city of Xiamen. [Photo/chinafair.org.cn]
The 21st China International Fair for Investment & Trade (CIFIT) will be held both online and offline from Sept 8 to 11 in Xiamen, Fujian province, and is bound to facilitate the smooth circulation of resources both at home and abroad, government officials said on Tuesday.
Addressing a news conference in Beijing, they said the fair will strengthen China's new dual-circulation development pattern, which has the domestic circulation as the mainstay while the local and global markets feed off each other, they said.
"This year's CIFIT features many attractive events and substantial content and is very professional," said Vice－Minister of Commerce and Deputy China International Trade Representative Wang Shouwen.
"It will strongly speak to China's investment environment, serve to accelerate the construction of China's new dual-circulation development pattern, and contribute to the world economic recovery and growth."
The 2021 CIFIT will have an exhibition space of 130,000 square meters and can host more than 50 events, Wang said.
Key events related to attracting foreign investment will include an international investment forum. The forum will invite high-ranking government officials, leaders of international organizations and renowned economists. It will seek to boost investment confidence and cooperation.
Why Xiamen
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Xiamen is one of the most economically competitive cities in China and was one of the first Special Economic Zones on the Chinese mainland. As a vice-provincial city independently listed on the State development plan, it has provincial-level authority in economic administration and local legislative power. In 2010, the Xiamen SEZ was expanded to cover the entire municipality. Today, Xiamen is a modern and international port city.