UNIDO and China’s Commerce Ministry hold China-Africa investment symposium
XIAMEN, China, 11 September 2011 – Over 400 potential investors took part in a China-Africa Investment Symposium organized by the United Nations Industrial Development Organization (UNIDO) and the Ministry of Commerce of the People’s Republic of China (MOFCOM) at the China International Fair for Investment and Trade (CIFIT) that ended in Xiamen today.
UNIDO Director-General Kandeh K. Yumkella, who took part in the event, said that the Symposium was designed to further partnerships at both business and government levels, promote investment opportunities, highlight and address challenges that may hinder the flow of quality Chinese investments to Africa, and to shed light on investment success stories.
The Symposium brought together Chinese investors and policy-makers and representatives of African investment promotion agencies, as well as policy-makers. They discussed trends of Chinese investment in Africa, particularly with respect to activities that add value to African raw materials and provide wealth creating opportunities.
Yumkella praised the China International Fair for Investment and Trade for “driving international investment flows”, adding that it had “become a major part of China's global economic strategy."
According to the organizers, delegations attending CIFIT signed over 400 investment projects worth USD 21.45 billion this year. Over the fair's 14 previous years, more than 14,300 investment projects worth about USD 100 billion have been signed.
CIFIT if a major forum for investment negotiation and investment policy promotion, coordinated development of national and regional economy, as well as economic and trade exchanges across the Taiwan Strait.
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Chief of UNIDO’s Investment and Technology Unit