China Daily: Expo rallies support for multilateral trading
Updated: 2018-11-12 16:02
Aside from tangible outcomes in terms of deals -- a total intended transaction volume of $57.83 billion -- the first China International Import Expo that concluded in Shanghai on Nov 10 was also proof that China is continuing to open its doors and widening market access to the rest of the world, a China Daily editorial said.
The expo was proposed, planned and promoted by President Xi Jinping as a means to consolidate confidence in China's resolve to further open up to the world and its willingness to share its development dividends and opportunities with others.
More than 3,600 participating companies and representatives from 172 countries, regions and international organizations attended the expo in the knowledge that according to what is regarded as a cautious estimate, China will import more than $30 trillion of commodities and $10 trillion of services over the next 15 years.
In her speech at the expo on Nov 6 International Monetary Fund Managing Director Christine Largard spoke of how China is building three bridges — a bridge to the world through reform and opening-up, a bridge to prosperity through promoting global trade, and a bridge to the future through facilitating cooperation.
Hosting such a high-level import fair was a practical action to rally support for an open world economy. Its success shows that many appreciate that for a beautiful spring all flowers need to fully blossom, the editorial said.
Aside from tangible outcomes in terms of deals -- a total intended transaction volume of $57.83 billion -- the first China International Import Expo that concluded in Shanghai on Nov 10 was also proof that China is continuing to open its doors and widening market access to the rest of the world, a China Daily editorial said.
The expo was proposed, planned and promoted by President Xi Jinping as a means to consolidate confidence in China's resolve to further open up to the world and its willingness to share its development dividends and opportunities with others.
More than 3,600 participating companies and representatives from 172 countries, regions and international organizations attended the expo in the knowledge that according to what is regarded as a cautious estimate, China will import more than $30 trillion of commodities and $10 trillion of services over the next 15 years.
In her speech at the expo on Nov 6 International Monetary Fund Managing Director Christine Largard spoke of how China is building three bridges — a bridge to the world through reform and opening-up, a bridge to prosperity through promoting global trade, and a bridge to the future through facilitating cooperation.
Hosting such a high-level import fair was a practical action to rally support for an open world economy. Its success shows that many appreciate that for a beautiful spring all flowers need to fully blossom, the editorial said.
