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Xi urges building an open world economy [Copy link] 中文

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Post time 2018-11-5 16:28:42 |Display all floors
(Xinhua) Chinese President Xi Jinping announced the opening of the world's first import-themed national-level expo in Shanghai on Monday, calling it a "trail-blazing" move in the history of international trade development.

A total of 172 countries, regions and international organizations from five continents will showcase their development achievements and international image at the first China International Import Expo (CIIE).

More than 3,600 companies from different countries will hold discussions and seek common development with over 400,000 purchasers from China and overseas.

The CIIE is "a major policy for China to push for a new round of high-level opening-up and a major measure for China to take the initiative to open its market to the world," Xi said when delivering a keynote speech at the opening ceremony.

He again underscored the role of economic globalization, saying that it is "an irreversible historical trend" and provides strong momentum for world economic development.

"All countries should be committed to opening up and oppose protectionism and unilateralism in a clear-cut stand," Xi said, calling for joint efforts to build an open world economy.

In a time when the waves of protectionism and unilateralism are threatening global growth, the expo is expected to muster support for free trade and inject certainty to the world economy.

The fair will be the epitome of the global economy, with various quality exhibits ranging from German machine tools, Japanese robots and U.S. medical equipment to Australian wine, Brazilian farm produce and South Sudanese handicrafts.

With the slogan "New Era, Shared Future," the expo is the brainchild of Xi and is set to become a platform for win-win economic cooperation and a landmark project in the country's higher-level opening up.

China will stimulate the potential for increased imports, continue to broaden market access, foster a world-class business environment, explore new horizons of opening up, and promote international cooperation at multilateral and bilateral levels, Xi said.

"We are encouraged to hear from President Xi the reaffirmation of China's support of global trade, and China's plan to further open itself to the world," said Robert Aspell, president of Asia Pacific for the U.S. agribusiness company Cargill, which is an exhibitor at the CIIE and has already decided to participate in the second expo.

"This is a great start of the first CIIE," Aspell said.

The inaugural expo comes at an inflection point as China transitions to high-quality development and shifts from the world's workshop to the world's market, with the world's biggest middle-income population demanding higher-quality consumer products.

Xi announced Monday China's imported goods and services were estimated to exceed 30 trillion U.S. dollars and 10 trillion U.S. dollars, respectively, in the next 15 years. China has been the world's second largest merchandise importer for nine consecutive years.

Joseph Boahen Aidoo, chief executive of Ghana's cocoa industry regulator Cocoa Board, expressed hope that the fair would open a new chapter in the west African country's cocoa exports.

"We believe that we can expand our market horizons in China. We are talking about 1.3 billion people, and even if we can get one percent of that market, it is very huge. So everybody is looking to China," Aidoo said.

This year marks the 40th anniversary of China's reform and opening up, and has seen a flurry of concrete measures taken by the country to open its doors wider.

"China will not close its door to the world and will only become more and more open," Xi said.

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Post time 2018-11-5 17:33:58 |Display all floors
"We believe that we can expand our market horizons in China. We are talking about 1.3 billion people, and even if we can get one percent of that market, it is very huge. So everybody is looking to China," Aidoo said.

That's what Coca Cola's president said when Nixon's visit on February 21, 1972 was announced by Henry Kissinger in late 1971.

Now refocus the lens to November 4, 2018.   Still the same words, but an entirely different scenario.

Back then the average wage of a Chinese worker was Y36 (equivalent to about US$15) a month, and so even though that could buy you a few cases of coke, nothing else was truly affordable.

Chairman Mao, together with his colleagues such as Premier Zhou En-lai, was instrumental in ensuring that the foundation to build a comprehensive industrial base was established in China during his rule.  

China's original capital accumulation for industrialization had to come from agricultural expansion -- the work at this stage of China's economic development could only be described as arduous, and the task that the party's leadership had assigned for itself could only be characterized as gargantuan.

Then came the forty years of China's Gaige Kaifang that enabled today's first import event to be held in the first place, now that we have enough money to attract 172 countries to come to Shanghai to sell their goods and in the process learn more about China -- the nation's imported goods and services has been projected to exceed 30 trillion U.S. dollars and 10 trillion U.S. dollars, respectively, in the next 15 years.

As proof of the feasibility of this projection, it is an established fact that China has been the world's second largest merchandise importer for nine consecutive years.

So anyone who has watched today's broadcast would have noted the pervasively optimistic demeanor of the world's exporters gathered at the CIIE, which is projected to be an annual event not only for the purpose of letting the world's premier sellers and buyers get together to talk business, but also through their TV cameras to showcase China's alluring charm as exemplified by the rich resplendence of Shanghai's Bund or Waitang.

Just enjoy the Exposition for this will be the in-event for the next century as Shanghai rises like a phoenix to take its rightful place as the economic hub of the East Asian heartland.

Finally, of all of China's dialects, I speak Shanghainese the best.  So as the Shanghainese will tell you -- "A la huening nong" -- we welcome you all!

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Post time 2018-11-5 17:38:11 |Display all floors
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Post time 2018-11-5 17:41:57 |Display all floors
HailChina! Post time: 2018-11-5 17:38

Thanks.  Kudos to you too.

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Post time 2018-11-6 05:43:10 |Display all floors
Good luck!

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Post time 2018-11-6 08:17:06 |Display all floors
The sizes of those imports in the coming years are a clear indication of the size of China's market. If in renminbi, the numbers would even be larger.

In fact, given China's long-term commitment to buy more from all over the world, trade with China should henceforth be conducted in her currency. Countries selling their wares to China can accept payment in her currency with which to pay for her investments in and exports to their countries, or use among themselves when they trade with other countries trading with China.

This will avoid the mortal ruin all have been facing using the US dollar whose performance has yo-yoed in tandem with the US stock markets and treasury bonds both of which triggering changes in the US Fed interest rates which in turn have affected stock markets and foreign loan servicing costs throughout the world.

For too long the world been held to ransom and beholden to the US dollar which is now under the aegis of a self-serving anti-open protectionist regime. It's time everyone realizes they have the will to overturn what has been done to them, for if they continue otherwise, they will fall under its influence such as Mexico and Canada are now facing as countries which have lost their own respective sovereign voices in the very trades that affect the livelihoods of their citizens; the new Nafta so-called deal has snuffed both into a forbidding silence. With a new president, Brazil should take heed, no less.

Is it therefore any wonder that workers of the world should, well, unite? The exorbitant privilege of the US dollar has been propped at their expense so that by just printing more dollar notes, the US maintains its lavish lifestyle with nary a care how doing so affects others who have had to grind for the US global exploitation machine.

On the other hand, China's undertaking to buy more and in very large sums is again another commitment by China as a responsible global leader. Who can forget the last difficult time when the subprime crisis was created in the US and had spread its wings across the globe to devastate economies in other countries?  During that ruinous period, it was China using her reserves to make massive trade purchases that had given lifelines to reduce the difficulties faced by other economies and save millions of jobs.

The tradesmen visiting the Expo looking to sell to China or even to buy from her peoples should remember this episode in the long history of the world. To avoid risks to hereself, China could have just withdrawn herself in the melee and storm; she didn't but girded her robes to go round the world to help others.

Today, another storm is being generated by those same hands in the west; are the peoples of Europe happy one of theirs is still at it, especially when the centre of gravity of the world has shifted eastwards from them to the extent of 12:1 in growing population AND thus market potential of Asia contrast to NAmerica?

If China has a fault, it is because she has been too modest to express what she has quietly done in the background for other peoples of the world, and too trusting of the words from a particular foreign leader and his advisors who can talk about being friends and being fair in the same breath as they make extortionate demands to quarter and cut down to size the rise of a sovereign state whose history, culture and achievements have preceded and endured beyond anything the country of that leader has displayed.

Perhaps it is because she has suffered so much before at the hands of foreign powers that she understands more than others the importance of achieving the full height of her capabilities in order to help herself up so that she can afford to help others help themselves up in turn. This is domestic social capitalism with global Chinese characteristics.

One does not expect a Bannon, Navarro or Bolton to be able to even remotely appreciate that but that is because they are only too busy trying to be in the good books of someone who doesn't know, won't read, doesn't hear, can't think clearly beyond his appendage, and doesn't care for the long-term disruptive effects of his abrupt decisions.

And it is precisely because of that irrationality which is why the US has wasted no time to tar China down; the US needed a lazy excuse why it won't put its own house together first.  After all, it argues if other countries also rise because of the example of China which has risen by her own efforts, what would happen to the US' hold on them since it is no longer a best-practice model of how to grow harmoniously without being at the expense of others? If anything today, the US has shown its words don't count because its leaders lie and want to remain clueless of what is really involved in global trade and development.

And that is why today it remains neither a China-US trade war nor a US-China trade war but it is really in all final intents and original purpose a US trade sanction on China using its tariffs instrument as a proxy weapon. Countries like Japan, Korea and the developed states in the European community have tasted before such an imperial hubris of US' hegemony. In the case of Japan, its wounds didn't heal for more than ten years; Japan needn't be reminded how difficult it really has been for itself despite and behind its half-smiling oriental face.

Despite the storm brewed from afar, China has constantly remained dignified. President Xi has carried his responsibilities with utmost wisom, foresight and dignity. China has been gracious not just as a host but also as a sovereign state of the first rank. The punches thrown at her have been deflected if not ably absorbed. She has only made grudging rebuffs. This is a mark of true strength not weakness and an expression of real global leadership not the antics of lying conmen.  Many US citizens must have seen that too. Why else would they give someone the name, "Don the Con"?

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Post time 2018-11-6 09:28:24 |Display all floors
I know some pungent Shanghainese invectives but am afraid CD won't allow them to be articulated here against that man now next trying to erase his own roots with a ruling against immigrants such as waas his father being born in a country that his grandfather wasn't born in.

correction to post above = ("wisdom")

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