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China's Xiamen city hosts int'l trade fair

CCTV.com

09-08-2016 15:19 BJT

The 19th China International Fair for Investment and Trade is underway in China’s eastern city of Xiamen.

The 19th China International Fair for Investment and Trade is underway in China

The 19th China International Fair for Investment and Trade is underway in China's eastern city of Xiamen.

China’s Ministry of Commerce, the United Nations Conference on Trade and Development, the United Nations Industrial Development Organization and the World Trade Organization hosts the Xiamen Fair every year. It is one of biggest events promoting trade and investment in the world.

China’s Ministry of Commerce says this year’s Xiamen Fair highlights the investment and business opportunities created by the “Belt and Road Initiative.”

Proposed by Chinese President Xi Jinping in 2013, the initiative aims to improve connectivity between developed and under-developed nations in Asia, Africa and Europe. Exhibitions, dialogues and high level meetings will focus on trade, industrial and cultural cooperation, as well as risk issues for investing abroad.

Five-hundred business delegations from 100 countries and regions are in Xiamen for this year’s event. The organizer expects more than 30,000 prospective investment projects will be presented.

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