BEIJING, November 5, 2023 /PRNewswire/ — A People’s Daily report: The sixth China International Import Expo (CIIE) will be held at the National Exhibition and Convention Center (Shanghai) Since Nov. 5 to 10.
The CIIE, a pioneering event in the history of international trade development, has become a showcase of China’s new development model, a platform for high-level opening-up and a public good shared by the whole world.
This year, CIIE fully resumes offline activities and is expected to welcome guests from 154 countries, regions and international organizations. So far, 69 countries and three international organizations have confirmed their participation in the national exhibition. More than 3,400 exhibitors and nearly 410,000 trade visitors registered for the event, with participation from a record number of Global Fortune 500 companies and industry leaders.
Since the first CIIE, many participating companies have expressed similar sentiments, speaking of the enormous appeal of the event. Some said they would bring their best and latest products to the event, and others promised to showcase their country’s specialties. For them, the CIIE not only brings orders, but also the future and hopes.
The achievements of the past five editions of the CIIE have been remarkable: 131 countries and international organizations participated in the national exhibition; more than 15,000 exhibitors joined the business show; the cumulative number of registered visitors has exceeded 2 million; the expected cumulative turnover amounts to 350 billion dollars.
CIIE not only attracts multinational enterprises, but also brings together upstream and downstream enterprises, providing cooperation opportunities for various industries to reorganize and optimize globally. Many exhibitors said that at the CIIE, they can deepen exchanges with enterprises and partners in the same industry or even across industries, and discuss cooperation prospects together.
The previous five sessions of the CIIE saw the launch of around 2,000 new and innovative products, technologies and services, including smart mobile hospitals, hydrogen-powered concept cars, direct injection digital printers and farms. vertical. It has become an incubator for technological innovation with global impact.
The CIIE also offers free standard booths and fee reduction measures for least developed countries. Companies from 43 least developed countries have joined over the previous five sessions.
With the help of the CIIE, products such as coffee from Timor-Leste, pine nuts from Afghanistanand cashew nuts Cambodia achieved unprecedented sales in the Chinese market.
The “CIIE effect” continues to grow. Hongqiao Import Commodity Exhibition and Trade Center provides a permanent exhibition and sales platform for small and medium-sized enterprises participating in CIIE. Since the first CIIE, Shanghai recognized a total of 60 “6+365” trading platforms and introduced nearly 270,000 types of exhibitions, with a cumulative import value of more than 323 billion yuan ($44.22 billion).
German multinational glass company Schott AG said the CIIE presents a vivid and vivid representation of the entire Chinese market. The company participated in the first CIIE with a “try” attitude. From then on, it participated in the exhibition every year, increased its investments and even established new factories to China.
The head of Schott China said that with the exhibition, the company has achieved unprecedented growth and continuing to invest in the Chinese market is a strategic choice for the future.
Thanks to the CIIE, exhibitions have been transformed into commodities and exhibitors have become investors. A growing number of multinational companies are deeply integrated into China’s industrial and innovation networks.
Since the beginning of this year, multinational companies have continued to increase their investments and increase their production in the country. China, with projects progressing at a faster pace. Global refrigeration industry giant Danfoss commissioned a global refrigeration R&D testing center, German chemical giant BASF’s integrated base began construction of its syngas plant in Zhanjiang, in southern China. Guangdong province, and Airbus began construction of its second final assembly line for A320 series aircraft in Tianjin.
In the first nine months of this year, China established 37,814 new foreign-invested enterprises, an increase of 32.4 percent year-on-year.
The CIIE reflects the resilience and vitality of China’s economy, to deepen reforms and pursue high-quality development through greater opening-up.
The global economic recovery has faced headwinds for some time now, but China has resisted the pressures and continued its rebound, with economic growth among the highest of the world’s major economies.
China is resolutely pushing for further opening-up and is actively developing its imports. It remained the world’s second largest import market for 14 consecutive years. With a population of over 1.4 billion and a middle-income group of over 400 million, China is the world’s second-largest consumer market and the largest online retail market. .
Kenneth JarrettPresident of the American Chamber of Commerce Shanghainoted that many companies with global markets need to achieve economies of scale, and if they do not come to China, they will not be able to achieve the economic scale necessary to maintain global competitiveness.
Chinese President Xi Jinping has said that openness is the hallmark of contemporary China. In his opening speeches and speeches at the previous five sessions of the CIIE, the word “openness” was mentioned more than 100 times. The measures he announced at the CIIE to expand opening-up have been gradually implemented, effectively promoting further progress in high-level opening-up.
China created the New China Lingang Area (Shanghai) Pilot Free Trade Zone, implementing an integrated development strategy in the Yangtze River Delta region, issuing a comprehensive plan for the construction of the Hainan Free Trade Port, expanding the reform and of the opening in Shenzhena continuously improved business environment and stronger protection of intellectual property.
China deepened its reforms as it opened up and, conversely, pursued deeper reforms to enable greater opening up. This not only benefits China’s development, but also the whole world.
The CIIE belongs not only to China, but to the world. Looking ahead, China is willing to work together with all countries to practice true multilateralism, build a greater consensus of openness, jointly overcome the difficulties and challenges facing global economic development, and pave the way to a better future for global development through openness.
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SOURCE People’s Daily