China to kick off its first International Import Expo

China to kick off its first International Import Expo

China to kick off its first International Import Expo

Shanghai: Chinese President Xi Jinping, at the opening ceremony of China's first International Import Expo in Shanghai on Monday, asserted that his country will not close its door to the world and will only become more and more open.

At its core, the event is symbolic.

Chinese President Xi Jinping delivers his speech during the opening of the 1st China International Import and Expo on Monday.World leaders, ministers and organization leaders from 172 countries attend the 1st CIIE in Shanghai, China.

"China now ranks as the number one trading partner with Kenya accounting for 17.2 per cent of Kenya's total trade with the world". "China has set a good example", he said. The long-term contract is worth roughly $39 billion based on current spot market prices.

The US and China's trade war is 'senseless, says Ma.

Pakistan is confronted with current account deficit and the CIIE "is a great opportunity for Pakistan to have a pavilion where we will be exhibiting our exports", Pakistani Prime Minister Imran Khan said.

The Chinese government's top diplomat, State Councillor Wang Yi, said in March that China would import $8 trillion of goods in the next five years.

The EU, which shares United States concerns over China's trade practices if not Trump's tariff strategy to address them, on Thursday called for China to take concrete steps to further open its market to foreign firms and provide a level playing field, adding that it would not sign up to any political statement at the forum. "Leveraging Alibaba's innovative technology and robust ecosystem, we are committed to making global trade more inclusive and fulfilling our mission "to make it easy to do business anywhere" in the digital era".

"Here are all of these foreigners bringing their spices for the emperor", said one person.

Speaking at an worldwide business fair in Shanghai, Xi Jinping criticised what he termed Washinton's "law of the jungle" and "winner takes all" approach to trade which, he said, leads to 'a dead end'. "Do you want a share?" Companies from all the G20 member states and 58 countries along the Belt and Road, as well as more than 30 of the world's 44 least developed countries, will send exhibitors to the event.

Since then, officials of the two countries held several rounds of talks for India to export its agricultural products like sugar and rice as well as its pharmaceuticals and IT in which the country has an upper hand in the global exports.

Judging by the latest attempt at negotiations, which China canceled in late September, the chances of success for this attempt are as uncertain as ever, although the waiver that Washington proffered to China that will allow it to purchase Iranian crude oil may be some grease on the wheels of a trade agreement. Iran, saffron. Jamaica will be marketing its famed blue mountain coffee and Chad is selling bauxite.

Chad would be selling its bauxite and tiny São Tomé would sell package holidays. While Trump has floated the possibility of a deal when he meets Xi in the coming weeks, they remain far apart on market access and government support for state-run enterprises. "It doesn't work like that here".

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