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Promoting international investment cooperation and maintaining the stability and smooth operation of the industrial chain and supply chain will help the recovery and development of the world economy.

On July 17, the organizing committee of the 24th China International Investment and Trade Fair (hereinafter referred to as "CIFTIS") held a special promotion meeting in Guangzhou. Nearly 100 overseas guests, including representatives from consulates general in Guangzhou, official investment institutions and business associations from 43 countries and regions including Hungary, Germany, the United States, the United Kingdom, Pakistan, Spain and Russia, attended the meeting.

Image source: CIFIT Organizing Committee

This year's CIFIT will be held in Xiamen, Fujian from September 8 to 11. Hungary will be the guest country of this year's CIFIT.

This year's CIFIT takes "Investment Connects the World" as its annual theme, implements global development initiatives, focuses on maintaining the stability and smoothness of the industrial chain and supply chain, and promotes the recovery and development of the world economy through two-way investment. The conference will be divided into three theme pavilions: investment promotion, industrial innovation and development, and project capital matching, which will showcase the development achievements and investment environment of various countries and regions as well as various parts of China, and showcase scientific and technological innovation achievements and advanced application scenarios in the fields of artificial intelligence, information technology, new energy and new materials, ecological protection, biomedicine, and supply chain.

Two-way investment in key areas such as new energy is one of the important highlights of this year's Investment and Trade Fair.

In an interview with Caixin, Hungarian Consul General in Guangzhou Hua Peide said that battery manufacturing, electric vehicles and their parts production are key areas of cooperation between China and Hungary. Hungary hopes to build a full industrial chain ecosystem integrating production, education and research around the electric vehicle field, and Chinese companies are playing an important role in it. Many leading Chinese companies in new energy and other fields have carried out investment projects in Hungary. For example, BYD announced that it would build its new energy passenger car factory in Europe in Szeged; CATL built a 100 GWh battery factory in Debrecen; EVE Energy built a new production plant in Debrecen; Sunwoda established its first factory in Europe in Nyiregyhaza, etc.

At the same time, the "going out" of Chinese enterprises cannot be separated from the policy support of various regions. Taking Zhejiang, the guest province of this investment fair, as an example, the local government is supporting and guiding private enterprises in the province to participate in the integration and development of the global industrial chain, promoting private enterprises to implement the "pilot action", and encouraging private enterprises to develop global layout. Hu Bin, the second-level inspector of the Zhejiang Provincial Department of Commerce, introduced that Zhejiang has established 7 overseas business representative offices in the United Arab Emirates, South Africa, the United States, Japan, Germany, Singapore, and Hong Kong, China, and strengthened the docking and cooperation with international industrial cooperation parks, overseas economic and trade cooperation zones, and related business associations and investment promotion agencies through the representative offices to promote the interaction and exchange of domestic and foreign parks and project docking.

While "going out", it is also necessary to "bring in". The provinces and cities participating in the Investment Fair are also setting up related activities around attracting investment. Taking Zhejiang as an example, the province will set up a multinational company docking exchange meeting during this Investment Fair, and plans to invite some of the world's top 500 companies, multinational companies, business associations, and intermediary agencies participating in the Investment Fair to attend the meeting, and focus on selecting some cities to promote the business environment, introduce the industrial layout, and share investment policies to help Zhejiang's upstream and downstream industrial chains develop.

This year's CIFIT will host a series of international investment promotion activities, including the Foreign Investment Enterprise Roundtable, Gulangyu Night, 2024 Global Special Economic Zone Alliance Exchange Meeting, National Economic Development Zone International Cooperation Park Exchange Meeting, "China Investment" series of activities, Sino-US provincial and state economic and trade cooperation exchanges, and release reports such as "China Foreign Investment Statistical Bulletin 2024", "Chinese Enterprise Country Development Report", and "China Two-Way Investment Report 2024". During the same period, the CIFIT will also hold the 2024 International Investment Forum, Supply Chain Cooperation and Innovation Conference and other activities.