On September 24th, the opening ceremony of 2021 Liaoning International Fair of Investment and Trade (LIFIT) was held in Shenyang. This fair, with the theme of “Quality Foreign Investment to Boost Dual Circulations”, has put great emphasis on the upgrade of “time-honored brands”, the in-depth development of “raw material brands”, and the cultivation of “new brands”, as well as the promotion of the construction achievements of the project of “building a digital Liaoning with strong intellectual manufacturing power”, and accelerates the communication and cooperation among Liaoning and other countries and well-known enterprises in Northeast Asia, focusing on the enterprises participating in the fair, and well as those from Japan and South Korea, to coordinate the construction of trade and investment channels and platforms and to help Liaoning develop its economy in a high-quality mode. 

　　Co-hosted by the Ministry of Commerce, China Council for the Promotion of International Trade and Liaoning Provincial Government, this fair is the first after its transformation into a national-level fair, and has invited 390 key guests from 260 key enterprises from 25 countries and regions such as Japan, South Korea, Europe, the USA, and China’s Hong Kong and Macao SARs, etc., as well as over 300 well-known participating and purchasing enterprises home and abroad. During the opening ceremony, leadership from Liaoning Province, Ministry of Commerce, and Japanese and South Korean governments made online or offline speeches, expressing their sincere wishes and great expectation towards the fair. This fair is expected to sign 168 projects, with a total value of 269.8 billion RMB yuan, of which 28 are projects of upgraded “time-honored brands”, with a total value of 18.6 billion RMB yuan; 24 are projects of in-depth developed “raw material brands”, with a total value of 68 billion RMB yuan; 88 are projects of cultivated “new brands”, with a total value of 118 billion RMB yuan; and 28 other projects, with a total value of 65.2 billion RMB yuan. 54 projects were signed immediately on the site of the fair on September 24th, with a total signing value of 167 billion RMB yuan.    

　　During the fair, organizers hold four main activities of the opening ceremony, LIFIT exhibitors’ investigation in Liaoning, China-Japan Economic Cooperation Conference, and China-South Korea Economic and Trade Cooperation Conference & Shenyang South Korea Week, as well as 10 supplementary themed activities such as thematic matchmaking and communication for industries, economic trade cooperation and promotion, scientific investment invitation of “transplanting with root”, exhibition of industries and products, matchmaking for purchase of well-known brand commodities, and project on-the-spot investigation, etc. With multi-leveled and multi-field promotion of Liaoning’s communication and cooperation with famous enterprises home and abroad, the fair aims to realize the mutual cooperation and win-win situation for both parties.