China’s unwavering dedication to fostering trade liberalization and advancing economic globalization is prominently demonstrated through the establishment of several pivotal platforms that emphasize openness and collaboration. Foremost among these are the China International Fair for Trade in Services (CIFTIS) and the China International Import Expo (CIIE).
The successful organization of landmark events such as CIFTIS and CIIE in recent years has played a pivotal role in fostering connectivity and facilitating the exchange of resources between domestic and international markets, effectively underlining China’s steadfast resolve to expand its global engagement.
Major exhibitions offer vital stages for enterprises across countries to showcase their high-quality products and services. This avenue mitigates transactional costs between businesses, addresses information disparities, and thereby facilitates seamless economic and trade cooperation.
China’s remarkable achievement in hosting a series of significant international exhibitions, including CIFTIS and CIIE, even amidst the challenges posed by the pandemic, underscores its commitment to the principle of openness in addressing developmental hurdles, forging cooperative synergies, driving innovation momentum, and delivering inclusive benefits.
Importantly, China places strong emphasis on imports within these exhibitions, exemplifying its dedication to mutual gain and win-win collaboration by transforming its vast domestic market into a realm of vast opportunities for the global community.
These platforms have grown to become pivotal gateways for global exporters to access the Chinese market, explore investment and partnership avenues, and gain insights into China’s evolving economic landscape.
They have evolved into settings for the global debut of new products, the introduction of cutting-edge technologies, and the showcasing of groundbreaking services. The likes of CIFTIS and CIIE have evolved into instrumental conduits that bridge China with the rest of the world, functioning as comprehensive open platforms that foster shared growth.
The 2022 CIFTIS featured 7 summit forums, over 100 specialized forums, and industry conferences. These gatherings facilitated vibrant discussions among business leaders and experts on cutting-edge themes, allowing for the exchange of fresh perspectives and insights, and contributing collective wisdom and commitment towards global economic and trade advancement.
The 2022 CIFTIS comprehensively spotlighted China’s innovative accomplishments in the trade-in-services realm, yielding a remarkable total of 1,339 deliverables.
During the 5th CIIE, participation was seen from 145 countries, regions, and international organizations. Concurrently, the Hongqiao International Economic Forum hosted 24 parallel sessions. The event resulted in tentative deals worth $73.52 billion for one-year purchases of goods and services, a 3.9 percent increase from the 4th CIIE.
The CIIE opened the doors for diverse high-quality products, including Damascus’ rose essential oil, Pakistan’s Himalayan salt lamps, Peru’s alpaca-fur items, as well as cutting-edge offerings such as AI-enabled cleaning robots and intelligent lipstick printers. These introductions enriched options and enhanced user experiences for Chinese consumers.
In an era of international uncertainties, these open platforms offer a sense of certainty to global partners, anchoring China’s commitment to mutual growth.
These platforms not only facilitate China’s internal reforms, but also elevate the quality of its opening-up endeavors and the refinement of domestic consumption and industries by aggregating top-tier global goods, businesses, and resources. Furthermore, they foster deeper integration into the global economy, especially for developing nations, thereby promoting collaborative success.
The business exhibition within the 5th CIIE garnered the participation of over 2,800 enterprises from 127 countries and regions, including 284 Fortune 500 companies and industry leaders. This unequivocally underscores CIIE’s stature among the world’s leading corporate entities.
Anticipating the 2023 CIFTIS, countries such as the UK and Malaysia plan to send high-level delegations. Additionally, nations including Germany, Uruguay, and Myanmar, along with international bodies like UNESCO and the World Meteorological Organization (WMO), are set to establish both online and offline exhibitions under the auspices of their respective governments or headquarters.
Marking the first return to offline exhibitions since the pandemic, the Country Exhibition at the upcoming 6th CIIE has already received confirmations of participation from over 50 countries and international organizations.
As China continues to extend the substantial opportunities arising from its economic growth to the global stage, the enduring impact of prominent exhibitions will expand, infusing potent energy into the ongoing advancement of economic globalization.
