Filipino exhibitors sell wares in China import expo

Share

"The China International Import Expo (CIIE) is a major initiative proposed by the Chinese government to firmly support trade liberalization and economic globalization and actively open the Chinese market to the world", Yin added.

"Trade is to form. peace". But that did not happen.

"That said, European business had higher hopes for what had been marketed by the Chinese government as a milestone event", chamber vice president Carlo D'Andrea said.

Lithuanian President Dalia Grybauskaite told Xinhua that "the expo is a "win-win" event for both, China and the world, as it provides new opportunities for cooperation, helps companies across the globe enter the Chinese market and paves the way for China to satisfy its growing demand for high-quality products".

"This provides huge opportunity to increase our exports to China which is further supported by the tariff war between U.S. and China", said Ajay Sahai, director general, FIEO. Lastly, he said that he will also impose strict restrictions on Chinese companies that abuse intellectual property rights. Instead, he stepped up warnings that protectionism would harm global growth while pledging to boost domestic consumption, strengthen intellectual property protection and advance trade talks with Europe, Japan and South Korea.

Speaking at an global business fair in Shanghai, Xi Jinping criticised what he termed Washinton's "law of the jungle" and "winner takes all" approach to trade which, he said, leads to 'a dead end'.

China expects to import 30 trillion dollars worth of goods and 10 trillion dollars worth of services in the next 15 years, Xi said. Wang pledged that China will import $24 trillion worth of goods in the next 15 years.

Security tight as 'El Chapo' Guzman trial set to open in Brooklyn
The 12 jurors, with six alternates, will remain anonymous and will be escorted by U.S. marshals to and from court every day. Security for the trial is expected to be high, and not just for Guzman who escaped twice from Mexican prisons.

Trump speaks by phone with China's Xi on trade
At a campaign rally in Columbia, Missouri, he later said "they want to make a deal". "It looks like they are focusing on trade". Neither leader specified any details of potential progress in their first known direct discussion in several months.

Prince Charles Attends Thanksgiving Service At Accra Ridge Church
The Prince and The Duchess will then attend a traditional durbar or procession at the palace with the Asantehene and local chiefs. Who else Prince Charles will meet with a number of British Ghanaians in the business, arts, culture and media industries.

This is China's first global import expo.

"We've taken the toughest-ever action to crack down on China's abusive trade practices". Chinese President Xi Jinping was on hand to deliver a keynote speech at the opening ceremony. "China could be one of our biggest customers as there is so much potential for trade with China". In fact, trade between the two countries grew from $471 million in 2007 to $4 billion in 2017.

Trump on Monday said the trade conflict with China could still go either way. "It is important therefore to correct the trade imbalance and enable a fairer share of trade".

Xi praised Shanghai as a center for technology and invention. "As incomes are rising in China, consumers want faster access to and a wider variety of high-quality products from around the world", said Alvin Liu, General Manager of Tmall Import and Export.

"China is committed to further opening-up, increasing areas for foreign investment and providing the world's largest market for exporters over the world".

"Nothing must change that goal, which in the end is a collective goal", she said, adding the essence of multilateralism is individual countries taking complementary steps "to reach a common objective". Caty Weaver adapted it for VOA Learning English.

VOA News reported this story. Ashley Thompson was the editor.

Share