Over 600 deals signed at intl investment fair in China's Xiamen
Agreements on 638 projects were inked during the 23rd China International Fair for Investment and Trade (CIFIT), which concluded on Sept 11 in Xiamen, East China's Fujian province.
The deals involved a total investment of 484.57 billion yuan (about $66.42 billion), a five-year high, preliminary data showed on Sept 11.
The four-day event, themed "Open and Integrated: Key to High-Quality Development", encompassed a range of activities such as forums, seminars, exhibitions and business-matching sessions.
This year's event had a distinct focus on the digital economy, intelligent manufacturing, green and low-carbon development, and rural revitalization.
More than 1,000 organizations and enterprises from all over the world participated in the exhibitions.
Launched in 1997, CIFIT has become an important platform to boost bilateral investment and facilitate global development.
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.