The 2020 International Investment Forum (IIF), a crucial part of the ongoing 2020 CIFIT, was held on Sept 8 in Xiamen, East China's Fujian province.

Zhao Long, vice-governor of Fujian, said in a speech at the forum that IIF gathers experts from around the world to analyze global investment trends and push forward development.

Zhao noted that Fujian will ramp up efforts to create a development environment with efficient administrative services and strong rule of law.

CIFIT is the epitome of China's reform and opening-up efforts and a reflection of Xiamen Special Economic Zone's rapid development, said Hu Changsheng, Party secretary of Xiamen, at the forum.

Hu promised that Xiamen authorities will further improve the service and quality of CIFIT and attract more foreign investors to Xiamen.

Lu Dongliang, vice-governor of Shanxi province, the guest province of honor, said that the organizing committee of CIFIT is actively working to integrate into the Belt and Road Initiative (BRI) and offers an investment and cooperation platform for the countries and regions involved in BRI.

Tomislav Nikolic, former president of Serbia, is optimistic about the efforts made by CIFIT's organizing committee to facilitate bilateral investment and trade.

He expressed hope that China and Serbia will explore new ways to continue their successful cooperation after the pandemic, especially in terms of economy and trade.

Ramon Lopez, secretary of Trade and Industry of the Philippines, also expressed expectations of closer cooperation with China in the future.

Justin Lin Yifu, honorary dean of the National School of Development at Peking University, discussed the global economic governance system in light of the shifting global landscape.

He concluded that developing countries should look at their past successes and failures and devise solutions based on their real-world situation.