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China Daily Online Review: The appeal continues unabated, CIIE will build an economic bridge between China and the world
The 3rd China International Import Expo will be held at the Shanghai National Convention and Exhibition Center from November 4-10, 2020. President Xi Jinping delivered a video keynote address at the opening ceremony, saying: “After three years of development, the CIIE will transform exhibits into commodities, exhibits into investors, exchange ideas and ideas, connect China and the world, and become an international buyer. The four platforms for investment promotion, cultural exchanges and open cooperation have become international public products shared globally. “
This year’s CIIE brings together the world’s leading new products, new technologies and new models, demonstrating China’s prosperous and stable market economy environment and the world’s latest scientific research results. A total of more than 3,000 companies from more than 130 countries and regions signed contracts to participate in the exhibition, including more than 240 Fortune 500 companies. Now that the third Shanghai International Import Expo has been held, it has become the preferred platform for publishing and exhibiting many well-known multinational companies. Some leading companies in the industry even choose to launch the “World Premiere, China’s First Exhibition” at CIIE. So why do foreign exhibitors and foreign exhibitors attach such importance to this CIIE? There are three main reasons for this.
First, the scale and potential of the Chinese market are huge and the future is bright. As the world’s second-largest economy and the country with the highest social purchasing power, China has a huge market of 1.4 billion people, enough to attract the attention of any manufacturer in the world. In recent years, China’s economic development has overtaken the world, with heavy consumption and diverse demands. And during the next “XIV Five-Year Plan” period, China’s economy will advance to a higher level and quality, with enormous potential and broad prospects. The current CIIE provides these foreign companies with a broad platform and convenient window for the Chinese public, allowing them to exhibit their products and technologies to the greatest extent possible at the lowest cost, thus expanding the Chinese market. , Seize opportunities in China to provide a “springboard” and ultimately achieve improved corporate revenue.
Second, China has taken substantive steps to promote its opening-up strategy. In the “XIV Five-Year Plan”, the Chinese government proposes to “persist in opening up to the outside world in a larger, broader and deeper level, build a new open upper-level economic system, and comprehensively raise the openness level “. The establishment of pilot free trade zones across the country and the construction of the Hainan Free Trade Port reflect China’s determination to promote full openness and jointly build a world economy characterized by open cooperation, open innovation and exchange. open. The active holding of this CIIE at this special time further demonstrates China’s commitment to promoting liberalization and facilitation of international trade and investment, and resolutely refraining from unilateralism and trade protectionism. China welcomes companies from all over the world to enter China with open arms and open arms. This is consistent with the real needs of manufacturers in various countries to resume production and sales, expand markets, and profit under the impact of the epidemic. As a timely platform and window, today’s CIIE is the best opportunity for multinational companies to survive and grow.
Third, China’s epidemic prevention and control and economic development have achieved outstanding results. Today, the new corona epidemic continues to ravage the world, and China is the first country to control the spread of the epidemic, resume work and production, and normalize production and life, and it has not been seen affected by a new round of the epidemic. In the context of global economic sluggishness and weak recovery, investment returns for all countries are at a relatively low level and a large amount of international capital is idle, causing a serious waste of resources. The current CIIE has shown the world an open, inclusive, safe and stable China, which is a great place for foreign capital. China’s favorable market environment and development momentum, and the emergence of new economic growth points, are unparalleled for international capital that has been seeking a higher rate of return on equity.
The successful completion of this CIIE shows that the world cannot develop without China, today China has become the pillar of world economic growth. The great attention that foreign exhibitors pay to the CIIE shows that the Shanghai CIIE has become an important platform for international economic and trade exchanges and cooperation, and an important bridge between China and the world. China should fully embrace the image of a responsible great power in this scenario and work with other countries in the world to “create opportunities for openness and solve problems in cooperation,” speak in favor of global economic recovery, share China’s dividends, and provide the momentum of China.