(Photo : The Press Conference)

At least 12,500 overseas clients and businessmen are expected to attend the 17th China International Fair for Investment and Trade (CIFIT) that will open on Sunday, the event's organizing committee said.

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The four-day CIFIT, which will be held at the Xiamen International Conference and Exhibition Center in Xiamen, Fujian Province, is considered as the largest global investment event and China's foremost international investment fair aimed at promoting bilateral investments.

According to Liu Xianxun, the organizing committee's deputy secretary general, at least 670 organizations from more than 100 countries around the world have confirmed their participation in the annual global investment fair.

Among those that confirmed their attendance groups from developed countries from Europe and North America and at least 70 emerging countries who are interested to join in the series of activities that will include the important investment briefings.

Sponsored by China's Ministry of Commerce, the CIFIT serves as a venue for local and overseas organizations, companies, investors, and corporations to explore investment opportunities.

The 17th China International Fair for Investment and Trade carries the theme on "Introducing Foreign Direct Investments (FDI)" and "Going Global". Exhibitors in the four-day fair include China's provinces, autonomous regions, municipalities, and cities. Several foreign countries around the world will also be setting up booths to showcase investment opportunities in their countries.

Recently, the China vowed to implement policies that are supportive of private investments in order to spur economic growth and promote industrial development.  During a State Council executive meeting headed by Chinese Premier Li Keqiang, government officials agreed further remove barriers that restrict private investments to grow in the country.

A statement released after the meeting said that the government will soon launch sample projects with private capital participation. The projects will be in finance, oil, power, railway, telecoms, resource development and public utilities sectors.