CIIE, A History-making Event—An Interview with Maltese Prime Minister Joseph Muscat

The first China International Import Expo (CIIE) has attracted the participation of more than 3,600 companies from 172 different countries, regions and international organizations, and 82 countries and three international organizations set up booths at pavilions of the expo for trade and investment. Moreover, 18 heads of state and government have been invited to attend the expo, and among them is the Maltese Prime Minister Joseph Muscat. Malta is one of the first Western countries that established diplomatic relations with China, and has been an active participant in the China-proposed Belt and Road Initiative. What does the expo mean to Malta, a country often dubbed as the “heart of the Mediterranean?” To learn more about that, China Today conducted an exclusive interview with the Maltese Prime Minister Joseph Muscat in Shanghai on the afternoon of November 4. China Today: As an honored guest of the Chinese President Xi Jinping to the first China International Import Expo (CIIE), what do you think about the great event? What do you think China is signaling to the world by holding the import-themed expo, particularly during this time of rising trade protectionism? Joseph Muscat: I think it’s a very strong signal, and it will not go unnoticed by people, by companies, and by governments across the world. Over the past several decades, China has […]

Nov 6, 2018

Open Global Economy for All

Over the past 40 years of reform and opening up, China’s overall national strength has constantly grown. Today, the country has become the world’s second largest economy and largest cargo trader, and ranks at the tops in terms of both inbound and outbound investment. China has become deeply integrated in the world economy and is playing an increasingly important role in economic globalization. Currently, economic globalization faces both opportunities and challenges. The popularity of new technologies such as big data, cloud computing, the Internet of Things, intelligent manufacturing, and blockchain has prompted the emergence of many new industries, new market opportunities, and new business modes, injecting enormous impetus into global economic recovery. The international division of labor and global transaction systems are witnessing accelerated evolution, and countries around the world are participating in the process with their own comparative and competitive advantages. The development of digital technologies has driven trade in goods and services to increase exponentially. Trade remains the major engine driving global economic growth. Δ Valued at 200 million yuan, AW189 helicopter manufactured by Leonardo from Italy is seen at China International Import Expo held in Shanghai, Nov 4, 2018. [Photo/China Daily]  However, alongside the rise of anti-globalization mentalities, some developed countries have turned to trade protectionism. Unilateralist, protectionist and strong-armed measures taken by a few countries have […]

Nov 6, 2018