The China International Import Expo (CIIE) is the world’s first import-themed national-level expo. The annual expo’s sixth edition, which is held in Shanghai in November, is the visible evidence of China’s commitment to continuing opening up and ensuring that there are opportunities for other nations to share in China’s ongoing and sustained economic growth. The expo is a major decision made by China’s top leadership to promote a new round of high-level opening-up, and a key move of China to actively open its market wider to the rest of the world.
In the past five years, participating companies, from industry leaders listed in the Fortune Global 500 to small firms from underdeveloped countries, have all benefited greatly from the CIIE. Their stories with the CIIE are vivid examples of China pushing economic globalization toward being more open, inclusive, balanced and beneficial to all. The annual China International Import Expo is becoming a magnet for exhibitors to debut their new products and technologies, and it is a reflection of the Chinese market’s growing significance to the global economy. As the biggest international trade fair devoted to promoting imports into China, the CIIE has shown the Chinese desire to foster complementary advantages with the outside world and seek balanced and mutually beneficial trade.
The CIIE has quickly evolved over the last five years into a window showcasing China’s efforts in promoting its new dual-circulation development pattern. The dual-circulation development pattern focuses on the domestic economy while stressing a positive interplay between domestic and international economic flows. Although China is still moving up from a middle-income country, that does not mean it is seeking inexpensive, basic quality imports. Indeed, it is quite the opposite as China wants to encourage involvement in the CIIE from suppliers of high quality, innovative products that reflect the latest technological advances to complement China’s own production. Now China has entered a new development stage at which consumption keeps increasing, indicating enormous potential for the growth of consumption and import. In the next five years, China is expecting to import products and services valuing more than 10 trillion U.S. dollars, which provides a historic opportunity for enterprises across the world to enter the huge Chinese market.
The China International Import Expo, a key platform of China supporting its high-level opening-up efforts, is expected to continue to create huge business opportunities for participating foreign enterprises, big and small. It will help them tap China’s supersized market, besides injecting more positive energy into the global economic recovery that has been facing gloomy prospects. The CIIE not only brings together a vast array of global products and services but also serves as an ideal platform for in-depth dialogues and cooperation. The CIIE is not only bringing the best of innovation from the world to China, but also showcasing the best of innovation of the country to the world.
The Chinese government sincerely welcomes government officials, business communities, exhibitors and professional purchasers across the world to participate in CIIE and to explore the Chinese market. We would like to work with all countries, regions and international organizations to make CIIE a world-class Expo, providing new channels for countries and regions to do business, strengthen cooperation and promote common prosperity of the world economy and trade.
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