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On November 5th, the first global import exhibition will open in Shanghai. It is an international public product created by the Chinese government to promote economic globalization. This exhibition will provide a new opportunity for more than 3,000 companies in more than 130 countries and regions around the world to take advantage of the platform of new open cooperation and China's rapid development development.
Around the world, the show is very diverse. However, the 1st International Income Exhibition in China is different from the existing Expo. In addition to corporate exhibitions, the fair includes a national exhibition, freight trade, services and exhibitions, as well as a forum to discuss important issues related to the global economy and trade.
Here are the specificities of this show. 1) The exhibition area is large and the exhibition area reaches 300, 000 square meters. Although it has been enlarged and built twice, it is difficult to find a stand. 2) The distribution by country is extensive. Exhibitors from more than 130 countries and regions, including the G20, Briggs, the Shanghai Cooperation Organization and 58 one-to-one countries and 35 underdeveloped countries, will participate in the fair. 3) Not only are there a lot of exhibitors, but most of them are great companies. Of the 3,000 exhibitors, more than 200 are among the 500 largest companies and leaders in the sector. 4) Product technology is advanced. More than 100 new products and technologies will be announced during this show. 5) The exposure level is high and the exhibition booth area occupies 91% of the total area of the exhibition hall. 6) The Hongqiao International Economic and Trade Forum is large, new and new. The forum will bring together wisdom for the development of current international economic and trade trade on the agenda "openness, innovation and investment", which is closely related to the development of trade. 7) We will organize about 200 related events and will extend the overall effect of this show.
In the context of reverse globalization and protectionism, as the global economy faces downward pressure, the nerves of the merchants in each country are doubling, and the expectation of preoccupying the Chinese market is dominant with the opening a new open platform, the import fair. For this reason, KUKA, ABB and FANUC, world leaders in the robot sector, will demonstrate their state-of-the-art performance. The first flying car in the world developed by the Slovak car manufacturer will be the first line. Danon and other companies will provide "special products" of Chinese specialties abroad. In addition, new technologies and new products such as the world's smallest pacemaker, the world's first magnetic resonance imaging (MRI) system, and the fastest immunity badyzer to the world should land in China and become a health pledge for Chinese consumers.
The eyes of global manufacturers and exporters are alive and well. Indeed, it is difficult to find anywhere else in China the 400 million average income brackets of the world, the consumer market with nearly 1.4 billion inhabitants. According to estimates of international organizations, China's merchandise imports increased by 13.5% between 2001 and 2017, double the rate of growth of world imports, and China's services trade revenues have increased by 16.7%. It's gone. After all, China has had a great opportunity for global, developed and developing trading partners, and the average contribution rate to the global economy has been around 30% since 2002.
At present, the Chinese economy is evolving towards a high quality development. The contribution of China's final consumption expenditure to economic growth in the first half was 78.5 percent, up 14.2 percent from the same period last year. Middle-income families, who are larger and larger, are increasingly interested in improving and improving the quality of their consumption. The continued expansion of China's consumer market potential will bring many opportunities to the world.
For 40 years, China has not only been a beneficiary of openness, but also a strong advocate of trade and investment liberalization as an advocate and activist of openness. Chinese President Hu Jintao expressed China's position that it would maintain full international openness at various international events, and showed its determination and confidence to welcome China's development opportunities. We believe that foreign buyers will gain insight into the openness and serious actions of the Chinese market through measures such as customs clearance, intellectual property rights and financial services. Jean-Jacques de Dardel, Switzerland's ambbadador to China, said: "I firmly believe that the more China opens, the greater the advantage of the global economy."
China has paved the way for sharing development opportunities around the world. Over the next five years, China will import $ 8 billion worth of goods, attract $ 600 billion of foreign investment and total foreign investment will reach $ 750 billion. China will also hold an annual trade fair to make this show an important platform for global producers and importers to launch the Chinese market. More importantly, China continues to be open-minded and mutually beneficial to the world through action. It is also the key to building a community for human destiny in the context of economic globalization.
Translation / Editing: Han Kyung Hwa
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