International Investment and Trade: The 20th CIFIT kicks off in early September

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China's foreign investment success involves both countries inside and outside the Belt and Road Initiative. Next month, an international fair will focus on how to improve inbound and outbound investment. Reporter Wang Hui has a preview of the 20th Annual China International Fair for Investment and Trade.

China's status as a top-two world economy relies heavily on foreign investment and trade.

At a press conference Wednesday, Chinese Vice Minister of Commerce Wang Shouwen discussed recent economic figures, namely China's improving foreign capital.

In the first seven months of 2018, China welcomed 35-thousand newly established foreign-invested companies, with a year-on-year growth of 99%.

And the actual use of foreign capital was 76 billion US dollars, up 5.5% from a year earlier.

WANG SHOUWEN VICE MINISTER OF COMMERCE "China has taken more active measures to expand its opening-up policy. President Xi Jinping has announced that China will strengthen protection of intellectual property rights, and lower limitations of foreign investment. And foreign invested companies are more confident about investing in China."

To better promote China's two-way investment, the 20th China International Fair for Investment and Trade, or CIFIT, will descend on the city of Xiamen September 8th through 11th. It will create a platform to promote international investment and discuss global trends in this field.

The highlighted 2018 International Investment Forum is one of over 80 scheduled panels, discussions and seminars.

CIFIT will also release authoritative reports and policies at the fair, including statistics on China's inbound and outbound investment. United Nations officials will be on hand, discussing global investment.

This year's event will highlight the Belt and Road Initiative, attracting over 20 participating countries and regions.

ZHENG XINYING VICE GOVERNOR OF FUJIAN PROVINCE "We will highlight new achievements in trade, maritime cooperation, and cultural exchanges. We will create a dedicated area for those relevant countries. We will also promote a patch of programs for those nations, and promote their cooperation in trade and technology."

Exhibitors and investors will have the chance to meet as well.

Officials expect over two-thousand deals to be made at the four-day event.

WANG HUI BEIJING "This year's China International Investment Forum is expecting more than 120-thousand guests and participants. More than 800 groups from over 110 countries and regions will take part in the event. About five thousand companies will also send representatives. Wang Hui, CGTN, Beijing."