China's High-Level Opening-Up Injects Confidence into Global Economy
As the world grapples with intensifying trade protectionism and unilateralism, China has remained committed to promoting high-level opening-up to the outside world, injecting warmth into the global economy with practical actions. With the theme "Connecting the World, Creating the Future," the 3rd China International Supply Chain Promotion Expo opened in Beijing, showcasing China's determination and resilience in driving global development and providing opportunities for companies from all countries.
Key Takeaways:
- China has maintained a strong resilience in its foreign trade, achieving total growth, quality improvement, and controllable variables, with the total value of imports and exports reaching 21.79 trillion yuan in the first half of this year, a record high for the same period.
- China's opening-up has brought new export opportunities and joint innovation to companies, with the total value of China's import and export of goods in the second quarter increasing by 4.5% year-on-year.
- The 3rd China International Supply Chain Promotion Expo attracted 651 companies and institutions from 75 countries and regions, with the number of American exhibitors increasing by 15% over the previous session, continuing to rank first among overseas exhibitors.
- Multinational companies, including Volkswagen, Airbus, and Rio Tinto, have increased their investment and expanded production in China, citing the country's solid promotion of measures to stabilize foreign investment and the continuous improvement of China's business environment.
- China's business accounts for nearly 60% of Rio Tinto's global revenue, making it the largest market in the world.
- China's technological innovation capabilities continue to leap forward, with a strong and comprehensive technological ecosystem covering hardware, software, and artificial intelligence, attracting the attention of the world.
- Multinational companies, including AstraZeneca, Fauvergne Group, and Siemens Healthineers, are setting up research and development centers in China, capitalizing on the country's innovative development opportunities.
- China firmly supports multilateralism, promoting regional cooperation, and actively maintaining the global cooperation framework, providing institutional guarantees and stable expectations for coping with uncertainties.
Statistics:
- 21.79 trillion yuan: Total value of China's import and export of goods in the first half of this year
- 4.5%: Increase in the total value of China's import and export of goods in the second quarter year-on-year
- 651: Number of companies and institutions participating in the 3rd China International Supply Chain Promotion Expo
- 75: Number of countries and regions participating in the 3rd China International Supply Chain Promotion Expo
- 15%: Increase in the number of American exhibitors at the 3rd China International Supply Chain Promotion Expo
- 60%: Proportion of China's business in Rio Tinto's global revenue
Sources:
- Xinhua News Agency, Beijing, July 16th, Title: Only unity can lead to win-win results and only by working together can we make progress together - China injects warmth into the world economy with its high-level opening up
- Xinhua News Agency reporters Su Liang, Cao Xiaofan, and Zou Duowei
- The 3rd China International Supply Chain Promotion Expo
- President Xi Jinping's congratulatory letter to the 20th Western China International Expo
- Quotes from Ralf Brandstedt (Chinese name: Berard), Chairman and CEO of Volkswagen Group China
- Quotes from Gabor Yenai, director of the Hungarian Export Promotion Agency
- Statistics on China's foreign trade from the General Administration of Customs
- Quotes from Xu Feng, CEO of Rio Tinto China
- Quotes from Eric Buschmann, Airbus Global Senior Vice President and Airbus China Chief Operating Officer
- Quotes from Lyudmila Popova, associate professor at the Department of World Economy at Saint Petersburg State University in Russia
- Quotes from Zipse, chairman of the German BMW Group