三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / The Third China International Import Expo

CIIE to bring hope, confidence to global economy, says scholar

Xinhua | Updated: 2020-10-28 14:36
Share
Share - WeChat
The photo taken on Oct 23 shows Jinbao, mascot of China International Import Expo, welcoming guests from around the world in Shanghai. [Photo/Xinhua]

SINGAPORE -- The upcoming China International Import Expo (CIIE) will bring hope and confidence to the global economy, an associate professor at the Lee Kuan Yew School of Public Policy of the National University of Singapore has told Xinhua.

Since the outbreak of COVID-19, the global economy has been experiencing unprecedented hardships not seen since the Great Depression of the 1930s, Gu Qingyang noted.

As projected by the International Monetary Fund earlier this month, the global economy is expected to contract by 4.4 percent in 2020.

"The grim situation is largely attributable to the inefficient demand worldwide," Gu said.

The helplessness and hopelessness in achieving economic recovery prevail in many parts of the world, as business owners are unsure of when the pandemic will be over, and are also trying hard to maintain the operation of their enterprises and keep employees' jobs.

Against such a background, Gu said, the hosting of the third CIIE in Shanghai early next month is of special importance, as it will shed a ray of hope over a gloomy sky, particularly since China is believed to be the only major economy to register positive growth this year.

The CIIE will also help stimulate China's domestic demand, which will result in more business opportunities both for domestic and international enterprises. In other words, the CIIE will be beneficial not only to Chinese enterprises but also to those overseas, serving as a shot in the arm for the latter during hard times, Gu said.

Moreover, he believes that the CIIE will help promote two-way investment, as it further explores the information and market channels through which goods and capital can transfer.

If inspired by positive feedback from Chinese customers and lured by the huge Chinese market, overseas enterprises might go further by investing in China, the professor said.

At the same time, imports of foreign products such as advanced machinery would promote Chinese consumption, facilitating Chinese products and investment entering the global market, he said.

In Gu's opinion, the CIIE is like "an invitation" from China to establish a healthy economic relationship between itself and the rest of the world, in accordance with market rules for the free two-way flow of goods and capital.

Confronted with rising elements of trade protectionism and unilateralism, Gu said, the CIIE, as a state-level platform, also demonstrates China's adherence to globalization in favor of exchanges and win-win cooperation.

While global industrial and supply chains have undergone disruption in the wake of the pandemic and a rising anti-globalization sentiment, the CIIE will certainly help re-dress the situation, no matter whether items showcased at the CIIE are intermediate products or end products, Gu pointed out.

With over 40 years of reform and opening-up, China has formed a relatively complete industrial system, and should look forward to merging more actively with the international industry and supply chains, according to Gu.

By shifting into high value-added industries such as the development of the service trade and riding on information technologies, Gu said, China will not only bring its comparative advantages into fuller play, but also make greater contributions to global economic growth.

Ever since 2006, China has been the top driving force behind the growth of the global economy. Thanks to China's success in containing the spread of COVID-19, and its relatively strong momentum in economic recovery, the nation will make a greater contribution to the global economy this year, Gu said.

As the world's second largest importer, China's outstanding economic performance will cement domestic demand and consequently transfer into the rise in demand for products from international manufacturers and providers through the means of international trade, he said.

In conclusion, Gu said China is on track to serve as an important supporting pillar for global economic recovery amid the COVID-19 pandemic.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 99精品热视频这里只有精品7 | 精品久久一区二区三区 | 国产裸舞福利在线视频合集 | 99在线精品视频免费观里 | 日韩丝袜在线观看 | 一级黄色性片 | japanxxxx日本中文字幕 | 日韩久久精品 | 天天综合网天天综合色 | 国产精品久久久久久吹潮 | a级国产乱理论片在线观看ai | 天海翼一区 | 亚州三级 | 国产高清a毛片在线看 | 日韩美女网站在线看 | 香蕉视频在线观看视频 | 中国女人一级片 | 一级做a爰片久久毛片毛片 一级做a爰片久久毛片免费 | 国产欧美日韩在线 | 精品国产自在现线看久久 | 免费毛片大全 | 狠狠操精品视频 | 国产亚洲精品久久麻豆 | 亚洲第一区在线观看 | 国产欧美一区二区成人影院 | 亚洲免费精品 | 四虎hk网址| 在线观看免费黄网站 | 黄色三级三级三级免费看 | 午夜污片| 在线视频日韩 | 精品综合久久久久久99 | 国产v在线在线观看羞羞答答 | 国产成人影院一区二区 | 在线观看国产精品一区 | 欧美黄色一级毛片 | 1000日本xxxxxxxxx25| 青青青青爽极品在线视频 | 国语自产精品视频在线第 | 国产自一区 | 亚洲国产成人久久综合区 |