Xi vows to share development opportunities with world

Chinese President Xi Jinping opened the 4th China International Import Expo (CIIE), the world’s biggest import fair, as the COVID-19 pandemic continues to batter the world economy.

The Chinese leader delivered a keynote speech that underlined China’s unswerving commitment to further opening up its market and helping to boost global cooperation, as the world faces rising protectionism and other challenges.

Xi assured that China will firmly safeguard true multilateralism, share market opportunities with the rest of the world, promote high-standard opening-up and uphold the common interests of the world.

“The opening-up measures unveiled at the third CIIE have been basically implemented,” he said.
This year also marked the 20th anniversary of China’s accession to the World Trade Organization and China has fully honored its commitments to the multilateral trade body.

“Over the past two decades, China has become the world’s factory, the largest trading nation in goods, and the second-largest consumer market.”

Along with a raft of opening-up measures, Xi announced that China would further shorten the negative list for foreign investment, and release a negative list for cross-border trade in services in the pilot free trade zones.

“China will also deeply engage in international cooperation on green and low-carbon development and the digital economy, and actively work to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the Digital Economy Partnership Agreement,” Xi said

Experts say Xi’s speech sends a clear message of China’s determination to further open to the outside world and also share its development opportunities with the world.

Against the current backdrop of anti-globalization and rising trade protectionism, China hopes that opening to the outside world will adapt to the trend of world economic development.

During the ongoing 4th CIIE, scheduled to run through November 10 in Shanghai, foreign businesses have demonstrated their confidence in the resilience and growth prospects of the world’s second-largest economy, as well as China’s ability to effectively contain the coronavirus.

Over half of the top 20 global pharmaceutical firms are taking part in the expo, with multiple innovative drugs making their debut in China.

According to the organizers, the number of exhibitors to the expo increased to 3,000 from 2,700 in 2020, and they came from 127 countries and regions, a wider representation from last year’s 120, despite a fresh wave of COVID-19 cases that has so far hit more than 19 Chinese provincial-level regions.

President Xi stressed his nation’s commitment to promoting the global economic recovery, and most importantly enable countries to respond to issues such as pandemics, climate change, and energy issues.

  

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