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Entering the Expo, a wonderful stage to share and create together

Entering the Expo, a wonderful stage to share and create together

08 November 2019 69 0


The staff of the Saudi Arabian National Pavilion showcases jam products.


The Japanese fish chef introduced the body parts of the bluefin tuna.


Staff of the Indonesian National Pavilion

The 2nd China International Import Expo was held against the background of the transformation of world economic growth momentum, the tort of economic globalization, the adjustment of international political differentiation, and the new stage of China's entry into institutional openness. This year's China Expo will continue the theme of “New Era, Sharing the Future” of the first China Expo, and further build a pragmatic cooperation platform and development platform shared by the world to promote the high-quality development of the world economy and promote China's high-level opening up. It is of great significance to build a new highland for Shanghai's free trade port and service industry.

Expand imports and adapt to the new situation and new requirements of economic development

Enhancing the vitality of global economic growth and promoting the high-quality development of the world economy are important practical issues facing the world today. According to the World Economic Outlook released by the International Monetary Fund in July 2019, the world economic growth rate is expected to be 3.2% in 2019, with advanced economies expected to grow by 1.9% and emerging markets and developing economies expected to grow by 4.1%. Global trade has also been significantly affected. In April 2019, the World Trade Organization’s Global Trade Data and Outlook report concluded that the global trade growth rate in 2019 is expected to fall from 3.0% in 2018 to 2.6%, which is in line with the GDP growth rate for the same period.

High level of openness is an important guarantee for promoting the high-quality development of the world economy, and expanding imports is an important part of a high level of openness. Imports have the following functions: First, by enhancing market competition, enterprises in importing countries can be promoted to improve efficiency and optimize resource allocation, thereby directly promoting the economic growth of importing countries. Second, the import of more types and higher quality intermediates can help Importing countries improve product quality and status in global value chains. Third, as an important channel for technology transfer, imports are the main mechanism for developing countries to introduce advanced technologies, give play to their advantages, and promote innovation. Fourth, production factors and capital Imports can expand production borders in importing countries and improve resource endowments.

China has made important contributions to global trade and economic growth in terms of imports. According to the preliminary data released by China Customs, the total amount of goods imported by China in 2018 was 2.14 trillion US dollars, an increase of 15.8%, becoming an important market that cannot be ignored. Actively expanding imports is a policy choice that adapts to the new situation and new requirements of China's economic development. It can not only upgrade the consumption structure on the demand side, but also promote resource allocation and industry through market competition, technology spillovers and intermediate imports on the supply side. Structural optimization and upgrade and value chain division of labor.

Hosted the Expo to create conditions for countries to enter the Chinese market

In the context of the global value chain and the in-depth development of the industrial chain, the construction of an inclusive and inclusive global trade governance system can not only promote trade development, but also adjust the international division of labor, while helping the importing countries themselves and other countries in the upstream and downstream of the value chain. Growth in productivity, output and employment.

At the inaugural Expo, China put forward its firm support for trade liberalization, economic globalization, and the initiative to open up the Chinese market to the world. The theme of the second session of the Expo is “open innovation, cooperation and win-win”, further indicating that China adheres to the development concept of tolerance, mutual benefit and openness and win-win. In 2019, at the important summits of the leaders of the 20 countries, the Osaka Summit, the fifth summit of the AsiaInfo Conference, the 19th meeting of the SCO Heads of State Council, and the 2nd "One Belt, One Road" International Cooperation Summit Forum, China It shows that it will continue to host international import fairs, create convenient conditions for countries to enter the Chinese market, and jointly maintain, develop and build an open world economy with all countries in the world.

At the Expo, representatives from more than 170 countries, regions and international organizations from five continents showed their development achievements and national image to the world. More than 3,000 companies from all over the world will fully cooperate with domestic and foreign buyers. It can be seen that China is willing to provide more market opportunities, investment opportunities and growth opportunities for the countries of the world to achieve common development. It should be emphasized that the Expo is not only a platform for the trading of goods and services, but also a platform for the exchange of culture and ideas. During the Expo, government officials, entrepreneurs, experts and scholars issued an authoritative and cutting-edge voice on "Artificial Intelligence and Innovation Development", "World Trade Organization Reform and Free Trade Agreement", "70 Years of China's Development and Human Destiny Community", leading the international community. Reconstruction of economic and trade rules.

"Dual-core" drive to promote high-level opening to the outside world

Hosting the Expo, promoting the diversification of China's import market structure, and adapting to new mechanisms such as regional and sub-regional cooperation in China. At present, China attaches more importance to the quality and efficiency of development, highlights the balanced development of imports and exports, and promotes the transition from a major trading nation to a trading power. Adopting the government-led and market-led approach to the Expo, and setting up a corresponding centralized display area for importing countries, it can be described as a “dual-core” drive to promote diversification of the import market and expand imports. The average tariff rate in China fell from 9.8% to 7.5% in 2018. Since 2019, the Chinese government has repeatedly adjusted the import tax rate and further expanded the scope of goods taxed at lower tax rates.

Today, China is entering an institutional open stage. The Chinese government strongly supports the reform and innovation of the free trade pilot zone, reduces the institutional costs of import links by simplifying the customs clearance process, strengthens intellectual property protection, accelerates the introduction of foreign investment regulations, steadily expands the opening of the financial industry, and continues to promote the opening of the service industry. In the future, China will continue to expand its market, improve its openness, optimize its business environment, deepen multi-bilateral cooperation, promote the “One Belt and One Road”, promote reform, development and innovation, and promote a higher level of opening up.

In addition, by holding the Expo, it is also possible to comprehensively enhance Shanghai's new round of opening up, and to exert the spillover effect and radiation effect of the Expo, making Shanghai a center for trade guidance, institutional innovation, and information gathering. It can be expected that with the opportunity of the Expo, the Shanghai Free Trade Port and the service industry demonstration new highland construction will continue to deepen and drive the overall prosperity and development of the Yangtze River Delta region.

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