Cross-border investment key to boost recovery: minister

Updated: 2011-09-07 14:21


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XIAMEN - China's Minister of Commerce Chen Deming said on Wednesday that nations must strengthen cooperation for promoting cross-border investment to generate strong, sustainable and balanced growth amid new uncertainties in the global recovery.

The impact of the global financial crisis continues deepening, and unstable factors have cropped up amid ongoing global economic recovery. Trans-border investment is an effective way to boost growth, Chen said at the opening ceremony of the 15th China International Fair for Investment and Trade (CIFIT) held in China's southeastern coastal city of Xiamen.

CIFIT has become a popular platform for promoting bilateral trade and investment between Chinese and overseas investors, and has played an important role, Chen said.

Covering an exhibition area of 65,000 square meters, this year's fair has a total of 3,200 international standard booths and has attracted groups from 108 countries and regions, 10 international organizations and 636 overseas organizations as well as 482 personages, including high-ranking government and company officials.