China holds int'l fair to enhance global investment links

China

China holds int'l fair to enhance global investment links

2024-09-08 14:56 Last Updated At：21:27

The 24th China International Fair for Investment and Trade (CIFIT) opened in Xiamen, east China's Fujian Province, on Sunday, aiming to enhance global investment links.

Under the theme of "Investment Connecting the World," the four-day event features nearly 50 business matchmaking activities and roadshows, signaling the country's strong commitment to cooperation and mutual benefit, according to the Chinese Ministry of Commerce.

The ministry highlighted the fair's focus on "Invest in China," adding that the CIFIT aims to offer diverse opportunities for foreign firms to innovate and deepen their presence in the Chinese market.

Meanwhile, this year's CIFIT will also feature a section on China's outbound investment cooperation, exhibiting key enterprises and overseas economic and trade cooperation zones, underscoring the achievements of Chinese investment.

Noting the event's 400 financing opportunities, covering sectors including information technology, artificial intelligence and new energy, among others, the Chinese Ministry of Commerce said the fair will fully tap into the role of financial institutions through a range of financial investment activities.

Several reports will be released in the coming days to highlight China's investment cooperation, both outbound and inbound, and this will help global investors gain a better understanding of doing business with China.

Hungary is this year's guest country of honor. Its delegation has set up a national pavilion to showcase the country's products and services, as well as investment opportunities. Hungary is a manufacturing center and a logistics hub in Europe.

Companies and institutions from over 100 countries and regions have registered to participate in this year's fair. About 80 percent of the countries are partners of the Belt and Road Initiative.

So far, the CIFIT has facilitated the signing of over 30,000 projects since its launch, most of which have been successfully implemented, the commerce ministry noted, adding that several landmark foreign investment projects have already landed in China.

Beijing consumer gold market remains hot despite rising prices

2024-09-17 04:15 Last Updated At：08:17

Beijing's consumer gold market has been running hot during the Mid-Autumn Festival holiday, despite recent rises in the gold price on international markets.

Last week, the main contract for gold futures on the New York Mercantile Exchange (COMEX) has risen to over 2,600 U.S. dollars per ounce.

At a gold shop in Beijing's Xicheng District, the price of pure gold jewelry went up to about 737 yuan (about 104 U.S. dollars) per gram, but many shoppers are still looking to buy gold jewelry especially during the Mid-Autumn Festival holiday and the end-of-summer wedding season.

"It is now more than 700 yuan (about 98.7 U.S. dollars) per gram, but when we were here about two months ago, it was only just above 600 yuan (about 84.6 U.S. dollars) per gram," said a customer.

"I'm getting married, so I came to have a look. Even if the price goes up, we still have to buy it," said another customer.

"I had nothing to do during the holidays, so I came here to take a look [at the gold jewelry]. I just bought a lucky charm bead and now I want to take a look at the bracelet," said another customer.

At the shop's gold investment counter, many consumers have been making inquiries about gold bars, which has long been considered a safe investment, although experts recommend caution in the rising gold market.

At the shop's gold investment counter, many consumers have been inquiring about gold bars, which have long been considered a safe investment. However, experts recommend caution in the rising gold market.

"Many investors will buy gold bars for medium- to long-term investment based on their expected price as part of their overall family asset allocation. We suggest that investors be more rational in their decisions," said Li Yang, a senior gold investment analyst.