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International Current Review | Review: Enterprising China to Benefit the World Watching CIIE’s “Double Cycle” Global Driving Force
Xinhua News Agency, Beijing, November 11 (Reporter Fan Yu) The third China International Import Expo, which just ended, achieved outstanding results, with a total of US $ 72.62 billion in intentional transactions, an increase of 2 , 1% compared to the previous session. In this special year, China’s sincere desire to share market opportunities and promote the recovery of the world economy has received enthusiastic responses. The old and new friends of the CIIE have been actively involved in China’s great stage of building a new “dual cycle” development pattern, writing wonderful global stories.
Exhibitions have become commodities, exhibitors have become investors, and export markets have expanded into production sites and innovation centers … The relationship between exhibitors and China has deepened year after year; From international recruitment and investment promotion to cultural exchanges and open cooperation, the CIIE’s platform effect has become increasingly diversified.
“We hope to be part of the Chinese market.” Many companies travel far to participate in the expo simply because they don’t want to miss out on the opportunity in China. Demand drives supply, supply creates demand, and trade and investment are linked. The powerful potential of the Chinese market opens up more opportunities for the world.
Under the shadow of the new corona epidemic, China’s economy took the lead in stabilizing and the Chinese market continued to recover, bringing stability to the world. The Wall Street Journal commented that when the epidemic hit the European and US markets severely, China became a strong “backer” for multinational companies.
From “bringing the best products to China” to “promoting China’s achievements to the world”, consumer demand in the Chinese market is not the end, but a new starting point. Tesla, who participated for the third time, brought the Chinese-made Tesla Model 3 that has just been delivered. From the establishment of the Tesla Gigafactory to mass production and then the export of complete vehicles to Europe, each link is a vivid manifestation of “Chinese speed”, and the efficiency advantages of China Unicom in domestic and foreign markets. are fully demonstrated.
“Zoom in to see the ever-changing Chinese market.” Exhibitors use CIIE as a window to catch the pulse of the Chinese market Many products have “Chinese genes” from the R&D stage. The Lego Group launched a new Lego toy inspired by classical Chinese culture and traditional stories. Thai companies and Chinese fresh food e-commerce companies tested customized raw coconut milk products for Chinese consumers. The scope of demand from the China market is widening for the company’s supply chain.
From the production of global goods to the consumption of global goods, China, which is both a world factory and a world market, is stimulating growing power. With a population of 1.4 billion and a median income group of over 400 million, cumulative imports of commodities over the next 10 years are estimated to exceed US $ 22 trillion … The sheer scale, the allure and the potential of the Chinese market means a broader and deeper international cooperation.
Since the first CIIE, the world premiere, the first program in Asia and the first program in China have become an important feature. The number of new products, new technologies and new services showcased this year reached 411. China is becoming an important energy field for global innovation.
Here, improvements in consumption stimulate the potential for innovation. The world has felt the Chinese market’s thirst for innovative technology and the power of China’s independent innovation. The convergence of innovation results, new products compete on the same stage, digital technology and smart applications bring more “smart” machines and more “grounded” scenes.
Here, the innovation potential accelerates international production cooperation. From mobile payment to commercial use of 5G, China’s ever-improving digital economy development environment has given companies the confidence to showcase their talents. Not only that, the advantages of China’s industrial support facilities and the resilience of the industrial chain under the epidemic have also made multinational companies aware of the huge prospects of joining China in innovation. Foundations of innovation are introduced, innovative products come out and the pace of innovation “starting in China and benefiting the world” is accelerating.
Throughout the three CIIEs, the “transcript” of economic and trade cooperation has increased step by step, and “openness” is an invariable commitment.
The new corona epidemic is still spreading globally, the trend towards anti-globalization has intensified, and uncertainties in the world economy have increased. In this context, China held the CIIE as scheduled to demonstrate the responsibility of major powers with practical actions, and companies from various countries actively participated in the exhibition. This is a strong response to protectionism and unilateralism.
Looking back at the past, China’s opening up has made great promises. Faced with the test of the epidemic, China continues to accelerate its pace of opening. The series of measures to expand openness announced by Chinese leaders at the second CIIE have been fully implemented, and China’s opening-up interaction with the world has moved to a higher level: the growth rate of imports of goods and services is significantly higher than the world average and foreign investment. The Negative Access List continues to “shrink”, expanding the pilot free trade zone, establishing a free trade port in Hainan, and promoting Shenzhen to further expand reform and opening up, protect intellectual property rights, and jointly build the “Strip. and the Road “with high quality … China implements an ever-expanding scope Fully open to the field and deeper levels, and deliver a brilliant report card.
Looking ahead, China will continue to welcome the world with an open mind and continue to promote the common openness of mutually beneficial cooperation, shared responsibility and cooperative governance. As Egypt’s “Pyramid” said, China overcame the adverse effects of the epidemic and held the CIIE as scheduled. He also proposed four important measures: build a new saw for openness, promote innovative development of foreign trade, continually optimize the business environment, and deepen bilateral and multilateral regional cooperation. These are the best proofs that China’s development has always kept pace with the times.
With the gathering of thousands of businessmen to participate in the big event, the CIIE has become a close link between China and the world. China will unwaveringly expand its openness comprehensively and promote the construction of a new top-level open economic system, which will provide strong support for the construction of a “dual cycle” pattern and also bring more benefits to the world.
