Multinational companies vote for China by flocking to Shanghai's import expo from buzai232's blog

The highly anticipated third China International Import Expo (CIIE) will be held in the coastal city of Shanghai from Nov. 5-10 as scheduled.To get more news about China International Import Expo, you can visit shine news official website.
Flocking to this year's CIIE are returnees from past expos as well as new faces, including nearly 50 Fortune 500 and industry-leading companies, signaling a vote of confidence in China's further opening-up.
For these 2,600-odd global exhibitors, as well as some 400,000 participants at the event, this year's expo provides an opportunity to explore China's economic vitality and learn more about its new development blueprint. The expo promises to inject fresh impetus into a global economy crippled by the COVID-19 pandemic.As the pandemic continues to disrupt economic activities worldwide, the International Monetary Fund (IMF) predicted a global economic contraction of 4.4 percent for 2020, and the World Trade Organization said world merchandise trade is expected to fall by 9.2 percent this year.
Facing "the worst crisis since the Great Depression" as the IMF described, China has managed to restore its economy while containing the epidemic, becoming the first major economy to achieve growth since COVID-19 crippled the world economy.
"Big winds and storms may upset a pond, but never an ocean," said Chinese President Xi Jinping at the opening ceremony of the first CIIE in 2018, comparing the Chinese economy to an ocean. His words still resonate today.
In fact, China's rapid economic recovery amid the pandemic has not only proved its own economic resilience, but also served as a beacon of hope for the whole world, providing fresh business opportunities for global enterprises, small- and medium-sized in particular, via such platforms as the CIIE.Clementine Mwaba, a Zambian trader in honey business, said as Zambia's huge produce yearns for more overseas markets, the CIIE provides a platform for securing one.
"The upcoming international import expo in China works to provide the space and opportunities for more markets for us," Mwaba said.
Over 12,000 km away, Marileidy Herrera, associate director at Cuban import and export company CARIBEX S.A., also showed strong interests in this year's CIIE.
"China is a growing market for our products, which have been very well-received by the Chinese population so far," she said, adding that her country expects to double its sales of lobsters to China by the end of this year.
For Kenji Mizuta, president of the Japan External Trade Organization's Shanghai Representative Office, the third CIIE will be the largest event his organization has ever attended this year.

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