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New product launches at 7th CIIE promote China's "debut economy"

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China

China

New product launches at 7th CIIE promote China's "debut economy"

2024-11-10 21:45 Last Updated At:22:17

New technologies, achievements and products met the public for the first time during the six-day seventh China International Import Expo (CIIE), serving to actively promote the country's "debut economy", said a senior official at a closing press briefing.

This year's expo, which wrapped Sunday afternoon, has attracted about 3,500 exhibitors from 129 countries and regions, with a record high of 297 Fortune Global 500 companies and industry leaders attending the event.

According to Wu Zhengping, deputy director general of the CIIE Bureau, the event provided ample opportunities for global exporters to share their innovations in cutting-edge fields.

"In the technology and equipment exhibition area, a new materials section was set up for the first time. More than half of the exhibitors in the automotive exhibition area showcased the latest technologies and innovative achievements such as autonomous driving and novel energy storage. The innovation incubation section featured 360 innovative projects from 34 countries and regions, providing support for the development of small and medium-sized enterprises as well as newly-established firms," said Wu.

The official added that many multinational companies have debuted and exhibited 450 new products, technologies, and services.

"These include over 100 global debuts, 40 first exhibitions in Asia, and more than 200 first-time appearances in China, actively supporting the debut economy and stimulating new consumption momentum," he said.

The latest statistics showed that the CIIE has hosted a total of 124 new product launches, showcasing 176 cutting-edge technological products.

A series of exhibits representing the development direction of new quality productive forces made their debut at the seventh CIIE, covering various frontier technologies, such as high-end equipment, new materials, biotechnology, and others.

Against the backdrop of changes unseen in a century and sluggish global economic recovery, the CIIE, by connecting global enterprises with China's super-sized market, has fostered global trade and cooperation, adding momentum to the global economy and also injecting dynamism into the joint efforts of Global South countries to push for more balanced and inclusive economic globalization.

New product launches at 7th CIIE promote China's "debut economy"

New product launches at 7th CIIE promote China's "debut economy"

China is promoting high-level opening-up in the financial sector and welcomes foreign-invested enterprises to deepen mutually-beneficial cooperation, Vice Premier He Lifeng said in Beijing on Tuesday.

He, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks when meeting with Andrew Schlossberg, President and Chief Executive Officer of Invesco.

Noting that China is continuing to deepen the reform of the capital market, steadily expanding the institutional opening up of the financial sector, and striving to provide high-quality financial services for economic and social development, He said that companies from all countries are welcome to continue deepening investment cooperation with China for mutual benefit and win-win results.

Schlossberg expressed his optimism about the development prospects of China's financial market, saying his company is willing to take China's further comprehensive deepening of reform as an opportunity to continue expanding cooperation with China

China welcomes foreign-invested firms deepening mutually-beneficial cooperation: vice premier

China welcomes foreign-invested firms deepening mutually-beneficial cooperation: vice premier

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