Xi: China Aims to Turn Itself Into Market for World
China Daily
DATE:  Nov 04 2020
/ SOURCE:  China Daily
Xi: China Aims to Turn Itself Into Market for World Xi: China Aims to Turn Itself Into Market for World

(Yicai Global) Nov. 4 -- President Xi Jinping delivered a keynote speech via video link at the opening ceremony of the third China International Import Expo and Hongqiao International Economic Forum today.

Here are some highlights.

On CIIE

- The hosting of the third China International Import Expo demonstrates the country's sincere desire to share its market opportunities with the world and contribute to global economic recovery

- The China International Import Expo is now an international public good for the world to share, acting as a major platform for international procurement, investment promotion, cultural exchange and open cooperation

- The exhibition area of the third China International Import Expo has expanded by nearly 30,000 square meters

- A zone on public health and epidemic prevention has been added at the third China International Import Expo (CIIE), attracting many Fortune Global 500 corporations and leading firms in relevant sectors

- Confident the third China International Import Expo will be safe, exciting and successful

- Both online and offline exhibitions have been arranged and thoughtful preparations have been made in every way for the third China International Import Expo

On China's Opening-up Measures This Year

- Notwithstanding COVID-19, the pace of opening up in China has continued to quicken this year

- The opening-up measures he announced at last year's China International Import Expo (CIIE) have been implemented to the full

- China has taken steady steps to expand imports, with imports of goods and services outpacing the global average over the past year

- The number of China's pilot free trade zones has increased from 18 to 21 over the past year

- The items on the national negative list for foreign investment have been cut from 40 to 33

- Sound progress has been registered in advancing high-quality Belt and Road cooperation

On Openness and Cooperation

- The COVID-19 pandemic has added to the instability and uncertainty facing the world economy

- The overwhelming trend for countries to move toward openness and cooperation remains unchanged

- It is necessary to commit to mutual opening up that features shared benefits

- Solidarity and cooperation are the right choices to make in meeting challenges

- Countries should uphold the principle of mutually beneficial cooperation, calling on countries to build trust rather than second-guess each other, join hands rather than throw punches at each other, and consult rather than slander each other

- All countries should commit to mutual opening up that features shared responsibilities.

- Countries must work together as partners, with each shouldering its due responsibility; Big countries need to lead by example, major economies need to act on sound principles, and developing countries need to play an active part in promoting opening up and sharing responsibilities

- The international community must not allow unilateralism or protectionism to undermine the international order and international rules

- All countries should commit to mutual opening up that features shared governance

- Countries should safeguard the multilateral trading system with the World Trade Organization as its cornerstone

On China's New Development Paradigm

- China will, very soon, achieve the goal of finishing building a moderately prosperous society in all respects and eradicating poverty

- China will begin a new journey toward fully building a modern socialist country from next year on, which will mark a new stage for China's development

- China's fostering of a new development paradigm, which takes the domestic circulation as the mainstay while allowing domestic and international circulations to reinforce each other, is "not a development loop behind closed doors"

- China will push for more open domestic and international circulations for not only China's own development needs but also the greater benefit of people in all countries

- China's huge market is the most promising in the world

- Chinese manufacturing makes an important and positive part of the global industrial and supply chains

- China's goods import is estimated to top $22 trillion in the coming decade

- The massive domestic market demand in China will continue to unleash endless potential for innovation

China's Economy Data in First Three Quarters

- The Chinese economy is steadily picking up, as evidenced by the positive overall growth in the first three quarters

- China's foreign trade grows 0.7% in first three quarters

- Chinese economy is steadily picking up, making a major contribution to economic recovery in the world

- China's paid-in foreign investment rises 5.2% in first three quarters

- China does its best to assist other countries in fighting COVID-19

- China had provided assistance to 150 countries and seven international organizations in fighting COVID-19 as of Oct 20

- China had exported over 179 billion masks as of Oct 20 to assist the international community in fighting COVID-19

- China, as of Oct 20, had exported 543 million testing kits to assist the international community in fighting COVID-19

- China had exported 1.73 billion protective suits as of Oct 20

China's Plans for Further Opening-up

- China will nurture new pacesetters of opening-up

- China aims to turn itself into market for world

- China to introduce negative list for cross-border services trade

- China will make institutional innovations to support an open economy of higher standards

- China will pursue creative ways to grow foreign trade

- China will open wider in areas like the digital economy and the internet to the outside world

- China will continue to support companies from around the world in exploring business opportunities in the country

- China will encourage cross-border e-commerce and other new business forms and models to grow even quicker to foster new drivers of foreign trade

- China will tap into the growth potential of foreign trade with a view to boosting growth in international trade and the world economy

- China will keep improving its business environment

- China will shorten catalog of technologies prohibited or restricted from import to create a favorable environment for the free flow of technologies across borders

- China, in the wake of COVID-19, has adopted a range of pro-business relief policies that equally apply to all companies registered in the country

- China has further shortened the negative list on foreign investment this year

- China will continue to make its foreign-related legal framework more open and transparent, and strengthen intellectual property protection

- China will pursue deeper bilateral, multilateral and regional cooperation

- China will work for the early signing of the Regional Comprehensive Economic Partnership

- China will speed up negotiations on a China-Japan-ROK free trade agreement

- China stands ready to sign high-standard free trade agreements with more countries in the world

- China stands ready to speed up negotiations on a China-EU investment treaty

- China looks forward to more exchanges and mutual learning with high-standard free trade areas in other parts of the world

- China will work with related countries to promote high-quality Belt and Road cooperation and build a community with a shared future for mankind

- China will take an active part in WTO reform and in cooperation at the United Nations, the G20, APEC, BRICS and other fora

On Brighter Future for Humanity

- Countries should bolster confidence and courage to tide over the difficult period together when the world economy is faced with formidable challenges

- China will join hands with all other countries to create opportunities in opening-up, tackle difficult problems through cooperation, and foster a brighter future for humanity

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Keywords:   CIIE,Xi Jinping