130+ countries and regions
270,000+ square metres exhibition area
3000+ business and organisations exhibitors
200+ World Top 200 enterprises
100+ events, seminars and activities
On 5th November 2018, the China International Import Expo kicked started her 5 days massive trade show which is expected to be even bigger than the World Expo Shanghai in 2010. The CIIE was proposed and announced by the Chinese President Xi in 2017. It is viewed by some observors as a counter measure for China response to US led Trade War, by promoting China’s market and replacing products formely imported from the US with products imported from other countries.
President Xi of China delivered a key speech at the opening ceremony of the First China International Import Expo, CIIE in Shanghai on Monday.
Here are the highlights of the speech which represent the highest level of China ‘s attitude towards global trade strategy.
“The Chinese economy is a sea, not a pond. Storms can overturn a pond, but never a sea.”
More opening-up
The China International Import Expo is a “trail-blazing” move in the history of international trade development. The CIIE is the first-ever import-themed national-level expo.Economic globalization is an irreversible historical trend and provides strong momentum for the world economic development. All countries should be committed to opening-up and oppose protectionism and unilateralism in a clear-cut stand. All countries should stick to innovation and accelerate the transition with traditional growth drivers being replaced by new ones. All countries should uphold the principle of inclusive development and shared benefits, in order to realize common development.
China will not close its door to the world and will only become more and more open.
Measures to promote opening-up
1. Imports
China’s initiative to expand imports is not a makeshift, but long-term consideration of embracing the world and future while promoting common development.
2. Market access
China’s imported goods and services are estimated to exceed $30 trillion and $10 trillion, respectively, in the next 15 years.
Measures announced in April to relax market access have been so far implemented. China has further simplified negative list of foreign investment, reduced investment limits and lifted the level of free investment.
China is taking solid steps to expand financial opening-up, continue to advance opening-up in the service sector, deepen opening-up in agriculture, mining, manufacturing, and accelerate the opening-up process of sectors including telecommunications, education, medical treatment and culture.
3. Business environment
Every country should strive to improve their own business environment and solve their own problems.
4. Free trade port
China will speed up the exploration of the building of free trade ports with Chinese characteristics.
5. Multilateral, bilateral cooperation
China will push forward multilateral and bilateral cooperation in pursuit of development.
China’s economic prospects
A fully optimistic attitude can be held toward the prospects of China’s economic development.
The Chinese economy is a sea, not a pond. Storms can overturn a pond, but never a sea.
Shanghai’s role in opening up
China will give better play to the important role of Shanghai and other regions in opening up.
Sources: chinadaily.com.cn/Xinhua
About WeChat apply
WeChat apply is an award winning China WeChat digital marketing agency based in Sydney.Working across all aspects of the marketing solutions like WeChat promotion, WeChat Official Account Registration, WeChat KOL, WeChat Mini Program Ad. and so on, we will ensure you have a solid marketing strategy together with perfectly delivered campaigns. Wechat apply will transform your China online marketing to increase your lead generation, brand awareness and market engagement.