Home » In just 3 years, the China International Import Expo has become a world-class trading platform. The charm of the Chinese market has amazed the world.

In just 3 years, the China International Import Expo has become a world-class trading platform. The charm of the Chinese market has amazed the world.

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In just three years, the CIIE has become a world-class trading platform. The charm of the Chinese market has amazed the world

On November 10, the 6-day 4th China International Import Expo came to an end. The exhibition area reached 360,000 square meters, 58 countries and 3 international organizations participated in the national exhibition, nearly 3000 exhibitors from 127 countries and regions appeared at the enterprise exhibition, and the annual intentional turnover was 70.72 billion US dollars… a series of brilliant data is fully demonstrated The gratifying results of this year’s CIIE have also made the world once again marvel at the potential and charm of the Chinese market, and once again witnessed China’s courage and ability to expand its high-level opening up.

CIIE “Wins Reputation and Prestige”

Currently, the new crown pneumonia epidemic is still spreading globally, but the heat of the 4th CIIE has not been affected. Statistics show that 58 countries and 3 international organizations participated in the national exhibition this year. Nearly 3,000 exhibitors from 127 countries and regions participated in the exhibition, and the number of countries and companies exceeded the previous one. In the eyes of many foreign media, the CIIE, held as scheduled for 4 consecutive years, has become a new window for countries around the world to share China’s huge market.

The Italian “Daily” website recently reported that after three years of development, the CIIE has become a public product shared by the world, and its four major platforms, including international procurement, investment promotion, cultural exchanges, and open cooperation, have become increasingly important. Statistics show that more than 80% of the world‘s top 500 and industry leading companies that participated in the previous CIIE participated in this CIIE, and the number of participants has increased compared with last year. The website believes that in the context of the continuous spread of the global epidemic, the CIIE provides a valuable stage and channel for multinational companies to display new products, establish new partnerships, and open up new markets, and become a world-class trading platform.

The high enthusiasm of enterprises from various countries to participate in the exhibition further demonstrates the “universal gravitation” that is difficult to resist from entering the Expo and even the Chinese market.

Japan’s “Asahi Shimbun” reported that there were about 200 American companies and commercial organizations participating in this year’s exhibition, the most in history. This year’s CIIE clearly reflects the importance that US companies attach to the huge business opportunities in the Chinese market. Japan is also striving to get a share of this huge market. Many Japanese companies have come to the CIIE again after last year and brought the latest products and technologies to explore the Chinese market.

The TASS news agency quoted Alexei Dakhnovsky, the Russian business representative in China, as saying that the CIIE, which has only held four sessions so far, has won reputation and prestige among exhibitors and visitors. At this exhibition, Russian exporters not only provided Chinese consumers with their favorite food, but also brought mechanical products.

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Singapore’s “Lianhe Zaobao” introduced that the Singapore Federation of Industry and Commerce led 45 companies to participate in the exhibition this year. According to the newspaper, as one of the few large-scale international exhibitions after the epidemic, the CIIE is an important event that Singapore companies must participate in to overcome all difficulties. The huge Chinese market not only provides growth space for niche products, it is also a good field for new products to test the waters.

EFE said that Spain and important countries in Latin America also participated in this year’s CIIE. Brazil, the largest economy in Latin America, is full of expectations for the CIIE, with more than 20 Brazilian companies participating in the Expo. Spain has set up a joint pavilion for the agri-food industry, with about 20 companies exhibiting. These companies are “very looking forward to showcasing their best quality products in the Chinese market.” For Mexico, the focus is not only to increase the share of existing Mexican products in the Chinese market, but also to “provide diversified products” in order to meet the increasingly sophisticated demand of Chinese consumers for the country’s products.

China is “the most promising market”

Although the current CIIE has come to a successful conclusion, the door to China’s opening will not be closed, but will only open wider and wider. China will continue to open its market and share opportunities to all countries in the world.

Relevant persons from the Japan External Trade Organization said in an interview recently that thanks to the “6 days + 365 days” one-stop trading service platform of the CIIE, after the end of this CIIE, the organization will open in Shanghai Hongqiao Pinhui The 1000 square meter booth will display the products exhibited at the CIIE all the year round to help Japanese companies continue to develop sales in the Chinese market.

The new crown pneumonia epidemic has impacted the sales and profitability of Japanese companies, including small and medium-sized enterprises, and some Japanese companies hope to expand their exports to China. According to the results of a “Questionnaire Survey on the Overseas Business Development of Japanese Enterprises” conducted by the Japan External Trade Organization for Japanese companies, as many as 76.7% of Japanese companies intend to expand their exports, of which 56.7% of them choose China as their preferred export destination; , The sales destination of cross-border e-commerce is China, accounting for 47.6%, ranking first. This shows that the demand for cross-border e-commerce exports to China remains high.

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Not only Japanese companies, but also multinational companies in the world have significantly increased their intention to export to China and invest in China.

The “2021 Business Confidence Survey” report released by the European Union Chamber of Commerce in China shows that 60% of European-funded enterprises will expand their business scale in China, an increase of 8 percentage points from last year. According to the latest survey by the American Chamber of Commerce in China, 81% of US-funded companies expect a positive growth in operating income in the Chinese market this year, and 66% of US-funded companies plan to increase investment in China, an increase of 5 and 3 percentage points respectively over 2020.

As stated on the Italian “Daily” website, the companies participating in this year’s CIIE not only focus on the results of the exhibition, but also on the opportunities provided by the Chinese market. According to the website, it is estimated that China will import more than 22 trillion U.S. dollars worth of goods in the next 10 years. It is believed that this world‘s most promising market will continue to stimulate innovation potential and bring huge opportunities to the world economy and companies from all over the world.

TASS also believes that the first three CIIEs have achieved fruitful results. On this basis, the current CIIE will continue to be the Chinese government’s creation to expand opening up, strengthen international economic cooperation, and maintain free trade in the post-epidemic period. The most important global “highway”. At the critical moment of the global fight against the epidemic and the recovery of the world economy, the successful holding of the CIIE demonstrates China’s firm determination to continue to promote the sustainable development of the world economy, achieve inclusive and inclusive globalization, and build a new development pattern in the post-epidemic era.

The editor-in-chief of “Kazakhstan Business News” Shelik Korzhunbayev said that China’s rapid development has also benefited many countries. Today, Made in China has become an important part of the global industrial chain, and the Chinese market has also become an important market in the world. This is the result of China’s continuous reform and opening up.

“Important opportunity for further development”

Openness is a distinctive mark of contemporary China. This CIIE will give the international community a deeper understanding of China’s confidence and determination to expand its opening up.

Japan’s NHK website recently quoted Chinese President Xi Jinping’s keynote speech at the opening ceremony of the CIIE, saying that China will unswervingly promote high-level opening up. China will further reduce the negative list of foreign investment access, orderly expand the opening of service industries such as telecommunications and medical care, revise and expand the “Catalogue of Industries Encouraging Foreign Investment”, and introduce a negative list of cross-border service trade in pilot free trade zones. China will deeply participate in international cooperation such as green, low-carbon and digital economy, and actively promote its accession to the “Comprehensive and Progressive Trans-Pacific Partnership Agreement” and the “Digital Economy Partnership Agreement.”

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The NHK website reported that 2021 is the 20th anniversary of China’s accession to the WTO. Since China’s accession to the WTO, the Chinese government has been working hard to reduce tariffs. The overall level of China’s tariffs has dropped from 15.3% to 7.4%. In the speech at the opening ceremony of this CIIE, President Xi Jinping also emphasized that “China’s determination to expand high-level opening up will not change, and its determination to share development opportunities with the world will not change. It will promote economic globalization towards a more open, inclusive, The determination to develop in the direction of inclusiveness, balance and win-win will not change.” This also shows that China will continue to open its domestic market on the basis of lowering tariffs.

“Philippine Star” columnist Li Tianrong believes that in the past 20 years, China has actively integrated into the global economic system, bringing opportunities and momentum to the development of the country and the world. The achievements of China’s economy are inseparable from the support of the global economy, and countries around the world have also benefited from China’s rapid development. Many problems facing the world today depend on development to find answers. The CIIE brings together customers from all over the world. It is not only an international commodity display platform, but also a trading platform and investment platform, providing a stage for global companies to seek business opportunities and get out of the epidemic.

Karl Fei, a professor at the Business School of Aalto University in Finland, also said in an interview a few days ago that China has achieved remarkable results in opening up to the outside world, and the CIIE is a major measure for China to optimize its business environment. At this CIIE, China once again made a resolute voice against unilateralism and protectionism. In this regard, Karl Fei expressed the hope that more countries “take China as an example.”

Russian Satellite News Agency commentator Leonid Kovacic made a comment and pointed out that China has fully implemented the Foreign Investment Law and supporting regulations and continuously improved the business environment. Foreign businessmen’s interest in investing in China will only increase. According to data from the Boston Consulting Group, as of the end of 2020, the scale of China’s asset management market has increased by nearly 10% compared to 2019. Considering that the scale of the Chinese market is expected to further expand in the next 10 years, for investment banks, entering China is an important opportunity for further development. (Reporter Yan Yu)

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