The world's largest investment promotion event - the China International Fair for Investment and Trade (CIFIT) - is taking place in the coastal city of Xiamen in southeast China's Fujian Province. The fair will run until September 11. On the the theme of "Introducing FDI and Going global," the event seeks to capitalize on the robust growth in investment in and out of China.

China's top legislator Wu Bangguo launched the 15th China International Fair for Investment and Trade. As China's premier international investment event, it aims to contribute to global investment cooperation and economic prosperity.

Chen Deming, Minsiter of Commerce, said, "The impact of the global financial crisis continues to deepen, and unstable factors have emerged in the ongoing global economic recovery. Trans-border investment is an effective way to boost growth."

Global FDI volume increased by 5 percent year-on-year by the end of 2010, but the figure is still 15 percent lower than the average volume before the financial crisis.

In China, FDI inflows registered a stronger recovery. In 2010, FDI surged by 17 percent to exceed $100 billion, compared with a decline of 2.6 percent in 2009.

However, participants say there is potential yet to be explored. And the event provides opportunities for attendees to learn more about investment opportunities in China.

The fair has attracted participants from 108 countries and regions. The city of Hamburg in particular is attracting investment from China.

In 2010, China's investment to the EU more than doubled, to nearly $6 billion. Investment into the U.S. surged 44 percent and ASEAN and Russia saw increases of about 60 percent.

(CNTV.cn September 8, 2011)