A ribbon was cut yesterday at the Seventh CIFIT to mark the opening of the UK Pavilion.

Guangzhou and Chongqing. In addition, a UK and China Investment Partnership Seminar
was for the first time held during CIFIT yesterday, the opening day of the event.
Jointly organized by InvestUK and China¡¯s Ministry of Commerce, it included practical advice on how to invest in the UK. There were also snapshots of the investor environment and on the growing information, communications and technology sector.
According to Wood, the seminar was a concrete example of the growing trade and
investment relations between China and Britain.
Looking back over the past year, a record number of 22 Chinese companies have set up
operations in the UK. The UK is becoming an increasingly important destination
for a growing number of Chinese companies looking to expand into the international
market. The UK is now home to investment from 150 Chinese companies, up from only
50 three years ago.
With China¡¯s strategy of looking offshore, more countries and regions are realizing
the importance of doing businesses with China.
Based on the past decade, accompanying the inflow of foreign capital to China, the nation is also well on the way to honing its investment overseas.
China will, in the years to come, be one of the most influential investors in the international market, as it gains experience in becoming a long-term investment recipient,
Kai Hammerich, director general of the Invest in Sweden Agency (ISA), said yesterday

By LIU WEIFENG
Express staff

The eye-catching golden key-shaped logo of the China International Fair for Investment and Trade (CIFIT) is erected right in front of the main entrance of the exhibition
centre.
It symbolically represents the enduring theme of the event, a precious opportunity to unlock the previously clasped communication lines for investment between nations.
The establishment of closer trading relationships between countries and the widely spreading influence of CIFIT ¡ª or the ¡°9.8 Fair¡± as it always starts on September 8 ¡ª means there are more delegations than ever taking part in the ongoing seventh session.
The United Kingdom sent a 60-member delegation to attend
the event, as it is pushing its promotional activity ¡°Think
UK¡± and further strengthening economic ties between the two sides.
According to Chris Wood, consul-general of the British Consulate-General in Guangzhou, it is an initiative to provide greater access in China to creative and innovative ideas from contemporary Britain.
Think UK, will bring a variety of British innovators, performers and personalities to China for the first time to share new ideas in education, business, technology and the
arts.
The campaign, which aims to build strong, rewarding partnerships between people in China and the UK, started
in April and will end next month. It focuses on the cities of Beijing, Shanghai,

during a conference to encourage investment in Sweden. ¡°It is a frontier country for overseas investors to grab more of a share in the European market and to stand firm in it,¡± he said, who in his 20-minute speech delivered a clear idea on the advantages of investing in Sweden and the guidelines that need to be followed by Chinese investors.
For the preliminary period of China¡¯s investment overseas, trade with Southeast Asian countries has accounted for most of China¡¯s capital-outflow, which is a low-end business strategy, according to Eddie Chen, director and chief representative with ISA¡¯s China office.
He said China should strengthen its industrial investment in Europe and the United States, which is a higher-end market. ¡°China is capable of doing this,¡± Chen added, ¡°and Sweden is the best choice.¡± It is one of the leading industrial countries in the world and is regarded as a bridge to the large European market.
Big names like Ikea, Volvo and Ericsson are all the pride of the nation.

By HU YAN Express staff

China is fully aware of the importance of strengthening regional economic co-operation and is making increasing efforts to participate in regional economic integration, while its enterprises grasp great opportunities abroad to enhance their competitiveness in an increasingly international market.
Faced with the rapid development of regional economic integration, it is imperative that China create a strategy of looking abroad and nurturing foreign investment.
China has joined the Bangkok Agreement and it recently signed the Closer Economic Partnership Arrangement with the Hong Kong Special Administrative Region.
Meanwhile, the country will start the regional economic cooperation- related work of the Shanghai Co-operation Organization and build a preliminary
trade zone mechanism with the Association of Southeast Asian Nations (ASEAN) by 2010.
¡°The China-ASEAN Free Trade Zone will create for Chinese enterprises a large number of internal markets with 1.7 billion consumers, US$2 trillion of gross domestic product (GDP) and a total trade volume of US$1.2 trillion,¡± said Xin Houyuan, a researcher at the International Trade and Economic Co-operation Research Institute under the Ministry of Commerce.
Since its opening to the outside world, Chinese enterprises, either State-owned or private, have continuously been quickening their push outward.
By the end of June 2003, Chinese enterprises had accumulatively invested in and established 7,718 non-financial enterprises in more than 160 countries and regions, with the contractual investment worth US$9.969 billion, according the Ministry of Commerce.
After more than 20 years¡¯ practice, Chinese enterprises have greatly enhanced their strength and accumulated experiences to tackle the rest of the world.
¡°Some enterprises have preliminarily established modern corporate systems, developed famous bands or now own copyrighted core products,¡± said Zhang Xiaoji from the Development Research Centre under the State Council.
Such successful enterprises include the Wanxiang Group and Zhongxing Communication Co. Wanxiang, which produces motor vehicle parts, has bought the British AS Co so it can enter the European bearing market. It has also taken
over three American companies, marking the entry of its products into the American market. Zhongxing has invested in the reconstruction project of the Pakistani Telecommunication Network, to export technology, services and training.
Zhang said increasing international competitiveness to handle ¡°outside pressure¡± is the main motivation for Chinese enterprises looking abroad.
After China¡¯s accession to the World Trade Organization, the opening up of the local market has moved increasingly rapidly. It means Chinese enterprises face competition from multinational companies in both the international and domestic markets. ¡°If Chinese enterprises do not try to explore the external market and make full use of external resources, they will be left in a disadvantageous position,¡± said Zhang. Khalil Hamdani, deputy director of the Division on Investment,
Technology and Enterprise Development under the United Nations Conference on Trade and Development, said: ¡°Regional economic integration has deep implications for Chinese enterprises, while the government should provide more information, financial and technical support to small and mediumsized enterprises, which want to go overseas.¡±