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CIIE: China’s promise and practice of opening-up from freemexy's blog

As the world’s first import-themed national-level expo, the CIIE embodies China’s solemn promise to opening-up, and epitomizes its firm commitment to supporting economic globalization and building an open world economy.To get more news about CIIE 2020, you can visit shine news official website.

At a time when the COVID-19 pandemic is still raging on and the world economy is tottering along, China’s steadfast promise and practice of opening-up resonate with and buoy up all those dedicated to battling the coronavirus, boosting common development and building a brighter future for humanity.

The CIIE came into being a decade after the 2008 global financial crisis, as the world economic recovery was losing steam, trade protectionism and unilateralism were on the rise, and economic globalization was facing strong headwinds.

Global trade is an important engine for world economic growth. When the world economy was facing severe challenges, China, as the world’s largest trader of goods, voluntarily set up the CIIE as a platform for businesses around the world to further tap its enormous and growing market. According to a 2018 estimate, China was expected to import more than 30 trillion and 10 trillion U.S. dollars’ worth of goods and services respectively in 15 years.

Over the past two years, the CIIE has grown into a key channel for products worldwide to find their way into the Chinese market. Official statistics show that tentative deals worth about 57.83 billion and 71.13 billion dollars were reached at the previous two editions respectively.Along with China’s concrete moves to foster a world-class business environment and deepen bilateral and multilateral cooperation, the CIIE has not only testified to China’s unflinching commitment to ushering in a new round of high-level opening-up, but also manifested its sense of responsibility as a major country to share its development opportunities and shore up the world economy.

The opening of the latest CIIE also clears up the doubts about China’s opening posture arising from China’s efforts to form a new development pattern that features the domestic market as the mainstay with domestic and international markets reinforcing each other.Our aim is to turn the Chinese market into a market for the world, a market shared by all, and a market accessible to all,” Chinese President Xi Jinping said in his keynote speech via video at the CIIE opening ceremony late Wednesday. “This way, we will be able to bring more positive energy to the global community.”

Rolled out as scheduled every year, the CIIE attests that China honors its promise of opening-up with concrete actions to share the dividends of its development with the rest of the world and bolster shared growth.Over the past four decades, China has been striding resolutely forward along the path of reform and opening-up regardless of the vicissitudes on the global landscape. That path not only suits China’s development needs but accords with the trend of the times in this age of globalization.

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