XIAMEN — The 2020 China International Fair for Investment & Trade (CIFIT) and the Belt and Road Investment Congress concluded on Sept 10 in Xiamen with a total agreed investment of more than 800 billion yuan (about $117 billion).

The four-day event attracted 1,018 business groups seeking cooperation and investment opportunities.

More than 2,300 cooperation agreements were signed at this year's CIFIT, which is held annually in Xiamen, East China's Fujian province.

Covering an area of 110,000 square meters and with two exhibition pavilions promoting investment and industry, the physical exhibition area attracted businessmen from 42 countries and regions including Germany, Britain, and Japan.

With the aid of cloud services from China's tech giant Alibaba, an online fair was also held, with over 16,000 investment promotion projects posted online and 18 video conferences held during the fair.

The CIFIT takes place every September in Xiamen and aims to promote two-way trade and investment between China and the rest of the world.