This year's World Investment Forum is due to open this morning in the coastal city of Xiamen, in East China's Fujian province.
The biennial event is a global forum on investment and development issues organized by the United Nations Conference on Trade and Development. The forum aims to strengthen international cooperation in the interest of promoting international investment and its contribution to economic growth and development.
This year's theme is "Investing in Sustainable Development." The 2010 Forum is held at a time when the global economy appears to be on its way to recovery. It brings together investment stakeholders, including governments, businesses, international organizations, investment and promotion agencies from across the world.
The forum runs for four days. On the schedule are high-level contacts and events including a global investment summit and a ministerial-level meeting on investment. In today's opening ceremony, Chinese Vice President, Xi Jinping, President of Iceland, Olafu Ragnar Grimsson and Prime Minister of Mozambique, Aires Bonifacio Ali are expected to deliver keynote speeches.
The global financial crisis has shaken the world economy and its foundations and structures, and with it, the existing international economic order. Also affected are the fundamentals of the location determinants of foreign direct investment flows, or FDI. The global FDI landscape has been re-shaped. So has the investment-development paradigm, with attention to a low-carbon economy.
Other challenges are seizing the opportunities and leveraging foreign investment for promoting economic growth and sustainable development. These issues require a broad vision, decisive action and close cooperation. The forum intends to offer a platform for dialogue and interaction among policymakers, corporations and other stakeholders, and provide them useful information and insights to aid in decision-making.
2: Recently, there have been many arguments about the deterioration of China's investment environment. Are these claims true, and what do you think can be done to remedy the situation?