On the morning of July 24, the press conference of the 12th China International Fair for Investment & Trade was held in Beijing. Assistant Minister of the Ministry of Commerce Wang Chao, Deputy Governor of Fujian province, and deputy Director as well as Secretary-general of the organizing committee of the Fair Ye Shuangyu and Liu Xigui, Mayor of Xiamen and Deputy Director of the organizing committee of the Fair attended the press conference and introduced the Fair.

Assistant Minister of the Ministry of Commerce Wang Chao expressed during the meeting that China’s investment to foreign has rapidly grown to a new stage. In terms of investment to foreign, as of the end of March of 2008, China’s non-financial industries had accumulatively direct investment of USD113.1b to foreign. In the first quarter of this year, China’s non-financial industries direct investment to foreign stood at USD19.34b, up by 3.5 times year-on-year.