Openness and Cooperation Write a New Chapter for World Economy

After more than four decades of rapid development through reform and opening-up, China is not only “the world’s factory”, but also a global market. China has become the largest industrial country, the largest trader in goods, and the largest holder of foreign exchange reserves in the world. With 1.4 billion Chinese people and 400-million middle income population, China will soon become the world’s largest consumer market. In the next 15 years, China’s imports of goods and services will exceed $30 trillion and $10 trillion respectively. More importantly, China always pursues the policy of opening-up and has become the largest trading partner of more than 100 countries, providing a huge market and immeasurable opportunities for the world.

From November 5 to 10, 2019, the Second China International Import Expo (CIIE) held in Shanghai. This grand event witnessed in-depth integration of China into the world and win-win cooperation between China and countries across the globe.

The popularity of the CIIE reflects the confidence of enterprises around the world in China’s determination to constantly deepen its efforts at all-round opening-up. With the implementation of a major series of favorable policies and measures aiming at promoting opening-up at a higher level, China has constantly optimized its institutional environment. By further lowering its overall tariff level, broadening market access, shortening the negative lists for foreign investment, and promoting transparent market rules, China has endeavored to make it more convenient for various companies around the world to share its development opportunities. On October 24, the World Bank released its Ease of Doing Business Report 2020, which ranks China 31st, up by 15 places from last year’s ranking of 46th. The rise of China’s consumer market has been universally regarded as an important pillar of the steady and sustained economic growth of the country, and the primary focus of foreign enterprises to continue investing in China.

Openness and Cooperation Write a New Chapter for World Economy. More business opportunities, more development for your business. Welcome to China–Your ideal China’s Division partner.

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