Fifth CIIE writes story of win-win cooperation

It was joined by over 2,800 exhibitors from 127 countries and regions, and 66 countries and three international organizations took part in the country exhibition. All these numbers exceeded those in the previous year.To get more news about CIIE Shanghai 2022, you can visit shine news official website.

A total of $73.52 billion worth of tentative deals were reached for one-year purchases of goods and services, up 3.9 percent from a year ago.

Apart from cutting-edge innovations, the fifth CIIE also featured exhibits that were handy and practical, manifesting China's sense of responsibility in implementing the Global Development Initiative and promoting the common development of the world.

The CIIE is not only a platform for big names but also one that cares about enterprises from the least developed countries. Every year, the event would provide the latter with free exhibition booths to assist them selling their food, traditional handicrafts, and tourism products to a wider audience. This year, the number of free exhibition booths for exhibitors from the least developed countries nearly doubled from a year ago.For the first time, Guinea-Bissau's cashew nuts were displayed at this year's CIIE. They attracted a number of merchants, though they were not in fancy packages. The export of cashew nuts is the primary source of income for most of the farmers in the African country, and the CIIE has established a platform that brings tangible benefits to them.

Guinea-Bissau's Ambassador to China, Antonio Serifo Embalo, told People's Daily that Guinea-Bissau hopes to attract more investors at the CIIE so as to better help the country's farmers increase their income and realize technological and industrial upgrades for the country.

The All Pakistan Commercial Exporters Association, attending the CIIE for the first time, displayed emeralds, Himalayan salt, Basmati rice, and other featured products. The association contacted the Pakistani Embassy and Consulates in China soon after it booked an exhibition booth, asking the latter to recommend featured Pakistani products.I hope Pakistani enterprises can find more opportunities in China through the CIIE," said Miao Lan who is responsible for the booth of the Pakistani association.

Over the past five years, the CIIE has turned many exhibits into commodities and exhibitors into investors. Through the exchange of ideas, it connects China and the rest of the world. It is a global public good shared by the whole world.Handmade alpaca toys produced by Peruvian enterprises have found their market in China through the CIIE, involving over 100 Peruvian families that designed and produced the toys in the trend of economic globalization. Besides, the CIIE also expanded the sales of coffee from Timor-Leste, chili from Rwanda, wool carpets from Afghanistan, soaps from Syria, honey from Zambia, and handicrafts from South Sudan.

It has turned the China market into a market for the world, a market shared by all and accessible to all.

It is reported that enterprises have already signed up for an exhibition area of more than 100,000 square meters for the sixth CIIE.

Shanghai expo attracts intl enterprises

With China creating more favorable conditions for global companies to grow in its vast, lucrative market, the annual China International Import Expo will help promote investment opportunities, executives at several multinational companies said.To get more news about CIIE, you can visit shine news official website.

This year's expo, which has been held in Shanghai every year since 2018, ran from Nov 5 to 10.

The executives said that the CIIE reflects the Chinese market's growing significance to the global economy and to its dual circulation growth paradigm — in which the domestic and international markets complement each other, with the domestic market as the focal point.

"For five years, the CIIE has not only served as the optimal choice for multinational companies to debut new products and pioneering technologies, but it has also witnessed the transition of many participants from exhibitors to investors," said Sheng Qiuping, China's vice-minister of commerce.

Once such transitions are consolidated, foreign companies will seek more trade, investment and cooperation opportunities. This will better enable China to reinforce its economic and trade ties with other economies, said Hong Junjie, vice-president of the University of International Business and Economics in Beijing.

Such positive sentiment is shared by Lars Eckerlein, general manager of ABB (China) Ltd, the local branch of Swiss technology company ABB Group, which has participated in all five CIIE events.

Eckerlein said that as a major global trade fair promoting globalization and openness, the CIIE is an important platform in which ABB can share its latest digital technologies and work with customers and partners toward high-quality growth and a more sustainable future.

The Swiss company's robotics mega factory will enter operation in Shanghai in December. It represents the next level of ABB's manufacturing technology and will deploy the latest manufacturing processes, including machine learning, as well as digital and collaborative solutions. It will be the group's most advanced automated and flexible factory, where robots will make robots.

With the outdoors market growing rapidly in China in recent years, French sporting goods retailer Decathlon has launched a number of innovative products, including more environmentally friendly mountain bikes, at the CIIEs to meet consumers' demands for home fitness, camping, kitesurfing and other emerging sports and activities.

Pascal Bizard, senior vice-president of Decathlon China, said that the CIIE has been witness to the company's growth in China in recent years. China is Decathlon's first overseas market outside of France with a whole industrial chain presence.

After seeing sales revenues register an increase of 20 percent year-on-year last year, Wilo Group, a German provider of pumps and pump systems and a two-time participant of the CIIE, will open an Industry 4.0 standard plant in Changzhou in Jiangsu province early next year. Its products will be sold in both the Chinese and international markets.

According to Lyman Tu, Wilo's vice-president for China and Southeast Asia, with the growing importance of the Chinese market — which became Wilo's second-largest last year — the company has announced plans to further invest in research and development and enlarge its product portfolio in China as part of its 2025 strategy.

The country's broad market prospects, integrated supply chain and improving the market environment are the main reasons behind Wilo's plans to expand its presence, he said, adding that China will likely become the group's largest market by 2023.

"These facts show that most investment decisions by global companies are based on market conditions and growth potential, and they are acutely aware that no economy can independently provide all the resources and innovation other markets need, or offer all the goods and services that consumers demand," said Xu Mingqi, a researcher with the Shanghai Academy of Social Sciences.