(Xiamen, September 8~11, 2002)

An Overview of CIFIT

China International Fair for Investment and Trade (CIFIT) is sponsored by the Ministry of Foreign Trade and Economic Cooperation (MOFTEC) of the People's Republic of China, and organized by the Provincial People's Government of Fujian and the Municipal People's Government of Xiamen. Provincial and municipal governments throughout China, as well as relevant state ministries, commissions, offices, bureaus and associations, organize delegations to attend the Fair. The Fair is held annually in Xiamen from September 8-12. CIFIT's predecessor, the Fujian Fair for International Investment and Trade, was held successfully for 10 sessions. The Minister of Foreign Trade and Economic Cooperation (MOFTEC) of the People's Republic of China acts as the Honorary Chairman of the Organizing Committee of CIFIT, and the Governor of Fujian Province is the Chairman.

The "International Investment Forum," held concurrently with the Fair, is China's most prestigious forum for foreign investment policies and international investment strategies, and serves as a significant platform for cutting edge info on hot investment issues and capital flow at home and abroad. State leaders of China, senior foreign government officials, leaders of international economic organizations, famous entrepreneurs and celebrated personages in economics will give speeches at the forum.

CIFIT is the sole nation-wide investment promotion event with a stress on foreign direct investment. Centered on investment dialogues, CIFIT invites a wide spectrum of international investors, traders, intermediate agencies, and financial institutions, as well as representatives from foreign-funded investment companies in China, overseas companies, and overseas investment promotion organizations to participate and to set up booths at the Fair.

CIFIT affords the premier opportunity to obtain the most up-to-date investment policies and information in China, to make fact-finding investigations on foreign investment projects in China, and to meet a broad contingent of economic and trade officials from different levels throughout the nation, as well as assuring a broad comprehension of the investment environment throughout China. CIFIT has proven to be an invaluable arena for many countries, particularly developing countries intent on promoting foreign investment.

The unique advantages of the Fair in promoting investment have captured the interests of international investors, traders, economic institutions and intermediate agencies. To date, CIFIT has been held successfully for five consecutive sessions. With the advent of the new century, CIFIT will continue to provide its participants with a full range of services by integrating investment and trade, exhibition and talks, investment promotion and policies consultation, and business activities and academic research-all with an eye to expanding the Fair into an international investment forum with unparalleled features and opportunities.

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