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CIIE's rising appeal evident as more countries open national pavilions

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CIIE's rising appeal evident as more countries open national pavilions

2024-11-06 19:33 Last Updated At:20:27

The China International Import Expo (CIIE) is demonstrating growing appeal as an increasing number of countries have opened their national pavilions during the first two days of the ongoing 7th edition in Shanghai.

The expo has also seen the debut of a wide array of new products and technologies.

Countries including Indonesia, Norway, and Brazil held opening ceremonies for their national pavilions on Wednesday. For Norway, this marks the first time the country is participating in the country-by-country portion of the expo.

At the opening ceremony, Norway's Minister of Fisheries and Ocean Policy Marianne Sivertsen Næss highlighted the country's high-quality aquatic products, with visitors wrapping dumplings with Norwegian fish to celebrate the upcoming Start of Winter solar term in China.

The Norwegian pavilion also featured leading companies across industries like maritime, energy, design, and healthcare.

Slovakia, another newcomer, inaugurated its national pavilion on Tuesday, the expo's opening day, with Deputy Prime Minister and Minister of Economy Denisa Sakova expressing hope that the expo would continue to provide an important platform for showcasing the best and latest Slovak products to Chinese consumers.

Since its initiation in 2018, the CIIE has been held every year without interruption, evolving from a one-way invitation from China to a mutually beneficial platform for global engagement, with each edition symbolizing collaborative commitment.

The expo's rising appeal is reflected in the positive feedback from international leaders.

Malaysian Prime Minister Anwar Ibrahim noted that the CIIE offers opportunities for global enterprises, especially small and medium-sized enterprises, to demonstrate their capabilities and attract investments, and also provides a stage for all parties to attract investment and expand opportunities.

Similarly, Kazakhstan's Prime Minister Olzhas Bektenov highlighted the expo's role as a crucial platform for enhancing international economic collaboration.

Voices from global leaders reflect the CIIE's embodiment of China's commitment to openness and inclusivity, as well as the attractiveness of its vast market.

In addition, the 7th Hongqiao International Economic Forum will continue to hold a number of sub-forums and a series of supporting activities on Wednesday, focusing on topics such as the silver economy, industrial chain and supply chain cooperation, and intellectual property protection, with political, business and academic representatives from all over the world contributing to discussions on improving global economic governance.

The CIIE is the world's first national-level exposition dedicated to imports. Running from November 5 to 10 under the theme of "New Era, Shared Future," the 7th CIIE has attracted participants from 152 countries, regions and international organizations to participate in its country exhibition and business exhibition.

Among them, nearly 3,500 exhibitors from 129 countries and regions are taking part in the business exhibition, while a record number of 297 Fortune Global 500 companies and industry leaders are attending the event.

A total of 77 countries and international organizations are participating in the country exhibition, which serves as an important platform for showcasing the comprehensive image of various nations and opportunities in trade and investment.

More than 400 new products, technologies and services are set to be unveiled during the six-day expo, which experts say indicates foreign companies' confidence in the Chinese market amid a sluggish global economic recovery.

CIIE's rising appeal evident as more countries open national pavilions

CIIE's rising appeal evident as more countries open national pavilions

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China-Europe CEO Summit held in Shanghai

2024-11-06 19:48 Last Updated At:20:07

The China-Europe CEO Summit was held in Shanghai on Wednesday on the sidelines of the 7th China International Import Expo (CIIE), with multiple practical cooperation agreements achieved.

Themed "Green Development, Shared Future," the event welcomed nearly 600 entrepreneurs from China and Europe, including representatives from Global Fortune 500 companies.

The China-Europe Business Council (CEBC) released a report on the China-Europe business confidence survey during the event.

A CEBC new membership welcoming ceremony was also held during the summit. With over 10 new China-Europe companies joining, the alliance's membership was expanded from 52 to 100.

The Industrial and Commercial Bank of China (ICBC) signed agreements with multiple China-Europe enterprises on eight cooperation projects, covering areas such as multi-currency loans and cross-border transactions using the Chinese yuan, or renminbi.

For German aerospace company FACC, which describes the Commercial Aircraft Corporation of China (COMAC) as its "most important customer," ICBC is becoming an important supporting partner as this form of cooperation develops.

"So when if this trade relationship changes to renminbi, we need a much deeper cooperation with the ICBC bank close relationship bank accounts, maybe also funding transactions in renminbi. So this is the reason why we decided to go into a much deeper cooperation agreement," said Florian Heindl, CFO of FACC AG.

Ziga Vavpotic, head of the Slovenian-Chinese Business Council, said he is looking forward to seeing the group's members expand business in China.

"This year we are bringing actually three ministers to visit. In April we hosted the deputy prime minister visit with a big delegation. And I'm very happy that this time Minister (Matjaz) Han, who is the minister of economy, tourism and sport, is bringing to China about 50 business people," said Vavpotic.

Since the second CIIE, the China-Europe CEO Summit has been held for six consecutive years. Focusing on maintaining the stability of global industrial and supply chains, promoting the digital transformation of the economy, fostering innovation in green and low-carbon industries, and advocating for green development to share a sustainable future, the summit has provided a platform for communication, exchange, and practical cooperation between Chinese and European businesses.

China-Europe CEO Summit held in Shanghai

China-Europe CEO Summit held in Shanghai

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