The first China International Import Expo will be held in Shanghai soon. This grand event has built a platform for global products and technologies to enter China, and is a major move for China to open up. In the future, the "6 days + 365 days" never-ending CIIE will continue to empower the entire society.
China embraces the world with an open attitude
Liao Yijian, President and Chief Executive Officer of HSBC Bank (China) Co., Ltd. said that the first CIIE is China’s practical action to support economic globalization and trade liberalization, and to practice the concept of seeking common development and sharing results by further opening the market to the world. .
Liao Yijian believes that in the context of challenges facing the international multilateral trade order and rising trade protectionism, China’s holding of the CIIE as the world’s second largest economy has far-reaching significance. China's positive attitude and substantive measures to promote trade and investment liberalization will play a vital role in stimulating world economic growth.
In recent years, domestic demand has driven up China's economic growth. Among them, consumer spending plays a leading role. According to data from the National Bureau of Statistics, in the first three quarters of this year, the contribution rate of final consumption expenditure to economic growth exceeded 78%, and the performance of online retail was particularly eye-catching.
"Under these macro situations and trends, China's hosting of the CIIE can be described as the right time." Liao Yijian said that the demonstration effect brought by the CIIE will further promote the obvious growth of the types and quantities of imported goods and services. The consumption upgrade will ultimately meet the consumption needs of Chinese consumers in the new era.
"Sensors" with insights into advanced technology concepts
According to Huang Jia, the managing partner of PwC China in Shanghai, the CIIE has released a signal to the outside world that China's economy is transforming from an export-driven model to a domestic demand-driven model. In this process, China needs a lot of imported products and services.
"Industry 4.0" is a concept proposed by the German government and widely accepted by various industries. "As there are no international norms and standards that can be used for reference, TüV Rheinland has developed and formulated relevant standards based on the current status of the international and Chinese industries and the foreseeable future. This standard is groundbreaking globally." Said Lu Xunhai, executive director of TüV Rheinland Greater China.
The European Football Club-Inter Milan Football Club will also appear in the Service Trade Pavilion of the International Import Expo. It is reported that this giant will bring European advanced models of football management and youth training to China to promote the long-term and healthy development of Chinese football.
According to Liu Minghua, Deloitte China Innovation Lead Partner, the CIIE is a large platform for overseas companies’ products, solutions and Chinese users to get close to each other. It is also a good “sensor” through which to gain insights into the latest global technologies and concepts.
Create a never-ending CIIE
The CIIE is not just a 6-day expo, but also a "6 days + 365 days" never ending CIIE, which will continue to empower the entire society in the future.
Deloitte agrees with the concept of "6+365" and "Never End". "This is not a slogan. The flow of information and elements is generated through the network platform. After making friends, we must maintain the circle of friends. Only by expanding friends and friends can we achieve the effect of never ending 365 days." Liu Minghua said.
Recently, a batch of "6 days + 365 days" platforms have been established one after another. There are online platforms for trading, and offline extensions allow citizens to "buy, buy, and buy." Leading companies such as cross-border import e-commerce Tmall International, JD Global Shopping, and Ocean Terminal set up cross-border e-commerce service areas in the exhibition venues to create online direct sales platforms.
Gao Hongbing, Vice President of Alibaba Group and Dean of Alibaba Research Institute, said: “China is becoming one of the world’s largest consumer markets. This huge market is still opening up. On the one hand, China’s tax cuts on imported consumer goods continue to increase. On the one hand, China continues to encourage new forms of business such as cross-border import e-commerce."
This article is transferred from China Coal News Network
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