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An open Chinese market becomes more attractive to the world

(People's Daily)    09:48, November 04, 2019

As China's major initiative to continue widening market access to the rest of the world, the China International Import Expo (CIIE) has become an important platform for global countries to deepen cooperation and realize common development, said the guests and representatives from countries and international organizations that will participate in the second CIIE from Nov.5 to 10.

They hope that the CIIE will embrace continued success in the years to come and provide more opportunities for foreign countries and enterprises.

Covering a total area of 30,000 square meters, the country exhibition of the second CIIE will host 64 countries (including China) and three international organizations.

With unique designed pavilions, participants of the CIIE intend to showcase their developments and achievements, business environment and characteristic industries.

While the pavilion of Greece drew on the elements of ancient Greek temples, that of Cabo Verde, an island country, was designed on the theme of ocean. South Africa illustrated the pictures of local landscapes on the light boxes and the Belarus booth was a scaled-down version of the National Library of Belarus, in the shape of a diamond.

France is one of the fifteen guest countries of honor of the expo. 17 influential French enterprises, six French regions and public institutions are expected to hold exhibitions at the French pavilion.

Just a few days ago, Emmanuel Macron, President of France, said he looks forward to his upcoming state visit to China from Nov.4 to 6, during which he will attend the second CIIE.

Uzbekistan combined historical and cultural relics, patterns of national characteristics and modern technology in the country's pavilion, demonstrating how the civilization along the ancient Silk Road has evolved in the past one thousand years.

More than 20 Uzbek enterprises will exhibit their products at the import expo, covering such fields as automobile, oil and gas, textile, meat and wine.

Statistics show that Uzbekistan's foreign trade turnover with China reached $3.9 billion in the first half of 2019, an increase of 38.8 percent year on year. The figure has witnessed a year-on-year growth of over 30 percent for two consecutive years.

To impress the audience, Tanzania will display featured local products, such as cashew nuts, coffee, cotton, tea, cloves and tapioca. The country will also show the beautiful scenery of the Mount Kilimanjaro, Tanzania's and Africa's highest mountain, on the advertising boards.

Since Tanzania is in the initial stage of industrialization, it is more than willing to advertise its products at the CIIE to attract foreign investors, said the manager of the Tanzanian pavilion.

The CIIE presents huge opportunities for Peru to better understand the Chinese market, said Juan Luis Kuyeng Ruiz, the commercial consul of the Consulate General of the Republic of Peru in Shanghai, adding building such an international platform for cooperation is a concrete action by China to advance an open world economy.

Peru will send to the expo a delegation of nearly 100 enterprisers, representing about 30 companies from food export and tourism industries. Led by Roger Valencia, Minister of Foreign Trade and Tourism in Peru, the delegation is estimated to conduct over 1,000 business negotiations during the CIIE.

The scale of the second CIIE is larger than the first one held last November, with more products making a world or China debut at the expo. Many guest countries and representatives from international organizations believe that a more open China is increasingly attractive to the world.

Changyong Rhee, director of the Asia and Pacific Department of the International Monetary Fund (IMF), pointed out that China, a major exporter in the world, is also a large importer.

China sets a good example for the rest of the world with its successful development and the country has always integrated into the world in the process of economic globalization, Rhee said.

The CIIE demonstrates China's consistent position of supporting the multilateral trading system and promoting trade liberalization and facilitation, said Tobias Adrian, director of the Monetary and Capital Markets Department at the IMF.

The CIIE reveals the potential of the Chinese market, providing a great platform for global products to enter China, said Diane Sayinzoga, head of Special Economic Zones and Export Facilitation Department, Rwanda Development Board.

She added that the CIIE will not only stimulate China's economic growth, but also facilitate the sales of products and improve the employment in other developing countries, helping them reduce poverty and pushing global economy for better development.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Hongyu, Bianji)

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