Investment Catalyst
Incoming and outgoing investment get a boost at Cifit
on the first floor of Xiamen International Conference and Exhibition Center, a staff member from Mali’s Investment Promotion Agency was busy setting up a booth. Publicity posters were hung all over the walls of the small area so that Chinese investors can easily identify the fields available for investment in the country. The scene took place during the 20th China International Fair for Investment and Trade (CIFIT) held on September 8-11 in Xiamen in southeast China’s Fujian Province.
Awa Bagayoko worked nimbly with confidence and optimism. “It’s my first time to China to promote investment opportunities in Mali. Apart from infrastructure, we hope Chinese companies can also increase investment in agriculture, such as cotton processing. Mali welcomes foreign investors and offers many preferential policies to facilitate investment,” she told Chinafrica.
The 20th CIFIT attracted participants from nearly 50 countries
bln China’s investment to Belt and Road countries over the past five years
and regions, who crowded into the center and exchanged investment information with the same type of expectations as Bagayoko.
CIFIT, which aims to increase foreign investment into and outbound investment from China, is the only international investment promotion event for twoway investment in China, as well as the largest investment exhibition in the world recognized by the Global Association of the Exhibition Industry.
With 2018 marking the 40th anniversary of China’s reform and opening up, China has steadily kept up with the process and continuously optimized its investment environment, making remarkable achievements in promoting foreign investment and outbound investment.
Official data showed that China had attracted nearly $2.1 trillion of foreign direct investment (FDI) by the end of July, with foreign-invested enterprises (FIE) contributing 10 percent of jobs in cities and towns, 20 percent of fiscal