(Yicai Global) July 27 -- In a move to implement the country's pledge to expand economic opening-up to benefit the global trade system, the first China International Import Expo is to be held in Shanghai in November this year.
The expo is an important action by the Chinese government to further open up the domestic market and optimize the country's trade structure with the rest of the world.
China is now the world's second-largest economy, its largest exporter and second-largest importer, and since its development has shifted from quantity to quality, it has a growing demand for high-quality commodities and services. By helping expand the Chinese market, the expo will enable countries to get on the express train of its development.
Thus at a time when the global economy is still facing headwinds and a protectionist trend has emerged, the expo will give fresh impetus to the promoting and facilitating of open global trade and more inclusive globalization.