|GRAND OPENING: The 16th China International Fair for Investment and Trade kicks off in Xiamen, a coastal city of southeast China's Fujian Province, on September 8. The three-day event is the country's largest investment fair (XINHUA)|
Leading a delegation made up of 150 senior executives from multinationals and 100 government officials, Harley Seyedin, President of the American Chamber of Commerce in South China (AmCham South China), was quite confident with the outcome of their attendance at the China International Fair for Investment and Trade (CIFIT) held in Xiamen, southeast China's Fujian Province, on September 8-11.
"This year, more than $3 billion in deals was achieved by our members re-investing in new projects to expand in China and Chinese companies looking to invest in the United States," said Seyedin.
"Around 40 percent of investments by U.S. companies are made through AmCham South China. I attribute that success to our annual presence at the CIFIT. It has become a major platform for us to make investment decisions," said Seyedin. It's the 10th year that the AmCham South China has attended the CIFIT. At the 2011 CIFIT, members of AmCham South China signed deals worth an estimated $2 billion.
During a keynote address at the International Investment Forum 2012, which coincided with the opening of the 16th CIFIT, Chinese State Councilor Ma Kai pledged that China would continue to expand its domestic consumption market, open more industries and regions to foreign companies, optimize the investment environment and increase the quality of foreign investment.
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