RSSNewsletterSiteMapFeedback

Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Top News Tools: Save | Print | E-mail | Most Read | Comment
China Investment Fair Reaps US$23-Bln Contracts
Adjust font size:

The 11th China International Fair for Investment and Trade ended on Tuesday with the signing of investment projects worth US$22.99 billion, including US$19 billion from overseas investors, organizers said.

The four-day fair is a national investment promotion event held annually since 1997 in Xiamen, Fujian Province. This year a total of 1,070 investment projects were signed.

The fair attracted a record 13,000 businessmen from 119 countries or regions, 419 investment agencies, and 102 leading chain enterprises from overseas, according to the organizers.

Chinese companies who planned to invest overseas also signed 63 intention agreements with foreign institutions involving US$557 million.
 
Vice Premier Wu Yi at Friday's opening ceremony called on multinationals to strengthen their cooperation with local partners regarding technological innovation.

"The Chinese government will actively explore new ways to promote foreign and overseas investment in order to participate in international economic cooperation at higher levels and in broader fields," she said.

Wu announced that the Chinese government would offer four billion yuan in low-interest loans in the next three years to Chinese firms to encourage investment in Caribbean countries. His announcement was made at the second China-Caribbean trade and economic cooperation forum during the fair.

From 1997 to date, the fair has cumulatively attracted nearly US$70 billion of overseas investment to China.

(Xinhua News Agency September 12, 2007)

Tools: Save | Print | E-mail | Most Read

Comment
Username   Password   Anonymous
 
China Archives
Related >>
- China Int'l Fair for Investment, Trade Opens
- The 11th China International Fair for Investment & Trade
Most Viewed >>
-China set to hit the brakes on rising yuan
-Power to resume shortly in worst-hit area by snow
-Macao's gaming market expands further
-Online operators are on top of the game
-Insurance firms set to stump up billions

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © China.org.cn. All Rights Reserved E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP证 040089号