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Ministry of Commerce: China’s imports will reach US$24 trillion in the next 15 years

  • Categories:Industry News
  • Author:Economic Information
  • Origin:
  • Time of issue:2020-09-15
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Ministry of Commerce: China’s imports will reach US$24 trillion in the next 15 years

  • Categories:Industry News
  • Author:Economic Information
  • Origin:
  • Time of issue:2020-09-15
  • Views:

The first China International Import Expo officially opened in Shanghai on November 5. Vice Minister of Commerce Wang Bingnan said at a press conference that China is expected to import goods worth 24 trillion U.S. dollars in the next 15 years. It is believed that the China International Import Expo will provide new opportunities for countries around the world to expand exports to China.

Wang Bingnan said that the holding of the China International Import Expo is an important measure taken by the Chinese government to actively open the market and expand imports. We will provide important channels for companies willing to export to China, and build a docking platform for Chinese and foreign companies to carry out trade exchanges and economic and trade cooperation. The Chinese government attaches great importance to issues that foreign companies are concerned about in their economic and trade with China, such as the protection of intellectual property rights. We will take a series of measures to protect their legitimate rights and interests.

According to the reporter’s understanding, the first CIIE attaches great importance to the protection of intellectual property rights. During the expo, an intellectual property protection and commercial dispute resolution service center was established to provide exhibitors and purchasers with professional intellectual property rights protection consultation and dispute mediation services, and strive to create A fair trade environment will effectively safeguard the interests of all exhibitors.

"The International Import Expo is the world's first national-level exhibition with the theme of imports so far. It truly reflects the sincere willingness of the Chinese government to actively open up the market." Wang Bingnan said that in order to promote transactions, various localities and relevant departments in China organized 39 transactions Group, nearly 600 transaction sub-groups. More than 100,000 key enterprises and more than 150,000 buyers attended the meeting to negotiate purchases.

The determination and intensity of opening to the outside world demonstrated by the International Import Expo has formed a huge attraction for foreign companies. More than 3,000 companies from more than 130 countries signed up to participate in the CIIE. It is understood that the exhibitors of the company show are distributed in a wide range of countries, including G20 countries, BRIC countries, developing countries, "Belt and Road" countries, and least developed countries. Among them, more than 200 Fortune Global 500 and leading companies from various countries participated in the exhibition, highlighting the representativeness and leadership of the first CIIE in the industry.

In addition, the technology of the products exhibited is new. The number of new products and technologies released at the first CIIE will exceed more than 100. Some will be the world’s premiere and Asia’s first exhibition. More than 5,000 exhibits will enter China for the first time, fully presenting the most cutting-edge, cutting-edge and most representative international Sexual product and service trends. The International Import Expo has become an important platform for the release of new products and technologies.

"Holding an International Import Expo is a public product that promotes global inclusive and mutually beneficial development." Wang Bingnan said that China is expected to import 24 trillion U.S. dollars worth of goods in the next 15 years. We believe that the China International Import Expo will provide countries all over the world with expanding exports to China. New opportunities will build a new platform for countries to share China's development dividends and inject new impetus into world economic growth.

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