China Daily: Import expo a milestone for China's opening-up
China Daily |
Updated: 2018-11-05 17:21
The first China International Import Expo opened on Nov 5 in Shanghai, reflecting that consumption has overtaken exports and investment as a growth driver － contributing over 60 percent of the economic growth in China － it is a channel for the world to come into China, according to a China Daily editorial.
The event is being held when China celebrates the 40th anniversary of its reform and opening-up, and reflects China's transformation from being the world's factory to being a market for the world.
China now has more than 300 million middle class consumers, and the number will double in a decade or two, which will be twice that of the United States, and threefold that of the European Union. Last year, China contributed 30 percent of the world's economic growth.
More than 3,000 enterprises from more than 130 countries and regions are attending the expo, and more than 5,000 kinds of commodities will be exhibited for the first time in China, highlighting the benefits of economic globalization.
History will tell that this expo was a milestone signaling that China was on the way to becoming the world's largest import and consumer market, and that countries around the world would share the dividends of China's continued reform and opening-up, the editorial said.
The first China International Import Expo opened on Nov 5 in Shanghai, reflecting that consumption has overtaken exports and investment as a growth driver － contributing over 60 percent of the economic growth in China － it is a channel for the world to come into China, according to a China Daily editorial.
The event is being held when China celebrates the 40th anniversary of its reform and opening-up, and reflects China's transformation from being the world's factory to being a market for the world.
China now has more than 300 million middle class consumers, and the number will double in a decade or two, which will be twice that of the United States, and threefold that of the European Union. Last year, China contributed 30 percent of the world's economic growth.
More than 3,000 enterprises from more than 130 countries and regions are attending the expo, and more than 5,000 kinds of commodities will be exhibited for the first time in China, highlighting the benefits of economic globalization.
History will tell that this expo was a milestone signaling that China was on the way to becoming the world's largest import and consumer market, and that countries around the world would share the dividends of China's continued reform and opening-up, the editorial said.
