China’s massive tariff cuts Contrast to US unilateral Tariff Hikes
Is the China doing so only for yielding to the pressure from Trump? Absolutely not.
Is the China doing so only for yielding to the pressure from Trump? Absolutely not.
President Xi Jinping advanced tremendously the significance of the CIIE from an ordinary trade fair to the obligation and contribution of China to the global free trade system.
China seeks further integration in the world economy with a push on global imports.
Under these circumstances, China holding the CIIE to open its market wider to the rest of the world is a significant measure in terms of steadfastly upholding free trade and economic globalization.
At this national expo, President Xi made clear through his speech that China is taking concrete actions to open wider to the outside world.
In a way it is not the traditional import-export idea, but it’s service oriented, a more logistics-oriented approach that we bring with us.
Development is not a zero-sum game—it should tend toward win-win results achieved through openness and cooperation.
Why then should China, a developing country, hold such an unparalleled Import Expo? The CIIE 2018 is designed to provide solutions to the following three issues.
The favorable conditions are in place for the long-term, healthy and steady growth of the Chinese economy.
The import expo, which has attracted companies from all over the world, will drive the development of the local economy while also providing an opportunity for Shanghai and its surrounding areas to improve the performance of its service industry and promote the development of new technologies.
On September 14, at the Malta Day activities commemorating the 54th anniversary of independence of the Republic of Malta, held in Beijing, Minister Abela accepted an exclusive interview with China Today, about the upcoming first China International Import Expo, sharing his views on the prospects of China-Malta cooperation.
Right before the first China International Import Expo (CIIE), China Today interviewed Dolana Msimang, South African Ambassador to China and the embassy’s economic minister counselor Charles Manuel, as well as South African wineries’ market manager in Asia, Marcus Ford. They were all quite excited about and keenly anticipating the CIIE.