China International Fair for Investment & Trade kicks off in Xiamen

The 24th China International Fair for Investment & Trade commenced on September 8, 2024, in Xiamen, Fujian Province, attracting participation from 119 countries and regions, along with 18 international organizations. This year's theme, "Investment Linking the World," emphasizes the importance of global investment collaboration, particularly in relation to the Belt and Road Initiative, which about 80% of participants are pursuing. The event features a vast exhibition area of 120,000 square meters, showcasing significant areas such as "Invest in China" and "China's Outward Investment and Cooperation." These sections highlight the achievements of foreign investments in China and vice versa, reflecting the growing interdependence of global economies. A notable addition this year is the 47,000 square meters Industrial Innovation and Development Pavilion, which focuses on key areas like BRICS cooperation, supply chain innovation, and green technologies. This pavilion is divided into five distinct areas, each aimed at demonstrating advancements in industrial innovation and the latest trends in emerging industries. Hungary is recognized as the guest of honor, coinciding with the 75th anniversary of diplomatic relations between China and Hungary. CIFIT, established in 1997, serves as a crucial platform for fostering international investment, having facilitated over 30,000 signed projects and numerous successful foreign-funded initiatives in China, thereby enhancing China's global market presence.