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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
The eighth China International Import Expo (CIIE) opened in Shanghai on November 5th.
According to available information, 4,108 companies from 138 countries and regions will participate in the exhibition, with the total exhibition space exceeding 430,000 square meters, setting a new record for size. This not only demonstrates the international community's firm trust in the Chinese economy but also once again demonstrates China's unwavering commitment to maintaining its openness.
Judging by the opening time, this year's Expo is quite significant. As Vice Minister of Commerce Sheng Qiuping stated at a press conference held several days ago by the State Council Information Office, the 8th CIIE will be the first major economic and diplomatic event following the successful Fourth Plenary Session of the 20th CPC Central Committee. The successful holding of the exhibition will be a significant step in further expanding the "circle of friends" in trade and economic cooperation.
The Proposals for the 15th Five-Year Plan devoted a separate chapter to this area, sending a clear signal to the world about China's determination to pursue a course of openness and mutually beneficial cooperation.
The CIIE is a window into China: it's easy to see how China's opening up is bringing ever-increasing opportunities to the world. According to statistics, China has been the world's second-largest import market for 16 consecutive years, and the future potential of this super-sized market remains enormous. Leveraging China's vast market, the combined trade turnover for the first seven CIIEs exceeded USD 500 billion. This not only helped companies from various countries cope with the challenges but also brought greater certainty to the global economy.
Clearly, the benefits of openness are not one-sided. The CIIE showcases not only products but also cutting-edge technologies, management concepts, business models, and more. Through this platform, which connects domestic and international markets, Chinese and foreign companies achieve closer cooperation.
China is pursuing a policy of opening up to the world, and the world, in turn, is expanding cooperation with China. This mutual movement toward cooperation is a key impetus for sustainable global economic growth. This is especially valuable given the profound changes in the global economic structure and the rise of protectionist tendencies.
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.