The Xiamen Torch Development Zone for High Technology Industries in East China's Fujian province has emerged as a major source of investment and trade for its business partners following the 23rd China International Fair for Investment and Trade, or CIFIT.
The 23rd China International Fair for Investment and Trade is scheduled to run from Sept 8 to 11 in Xiamen.Xiamen will embrace the world, sharing the opportunities brought from CIFIT.
Since its inception in December 2020, the BRICS PartNIR Innovation Center in Xiamen, Fujian province has signed agreements on 77 BRICS cooperation projects with an investment of 38.5 billion yuan ($5.29 billion).
The Xiamen Area of China (Fujian) Pilot Free Trade Zone, or Xiamen FTZ, is making efforts to facilitate cross-border trade.
Trade between East China's Fujian province and countries along the Belt and Road jumped 6.2 percent year-on-year to 371.29 billion yuan ($57.87 billion), accounting for 38.9 percent of the province's total foreign trade, in the first half of 2023, according to statistics from Fuzhou Customs.
Fujian province's trade with countries involved in RCEP has seen significant growth since the pact took effect in January 2022.
In the first four months this year, Xiamen's trade with other BRICS countries totaled 349.6 billion yuan.
Swiss tech giant ABB inaugurated a carbon neutrality project Thursday in the eastern Chinese city of Xiamen, Fujian province.