A SENSE OF CERTAINTY

UN Headquarters in New York City, USA. ()The CIIE demonstrated

China’s commitment

to sharing its market

opportunities with the

rest of the world and

contributing to global

economic recovery.

Four nucleic acid tests, 14

days of quarantine with

daily reports on body

temperature, and another

14 days of isolation in future.

This is part of what Roy van den

Hurk had to go through to attend

the Third China International

Import Expo (CIIE) in Shanghai

this month.

Van den Hurk, Product

General Manager of Milk New

Zealand, one of the largest dairy

farm groups in New Zealand,

and an “old friend” of the CIIE,

received an invitation on October

12 to attend the expo. He took

a nucleic acid test, intending

to depart on October 18. But he

couldn’t get an air ticket and had

to postpone the departure to

October 21. Since the test result

was valid for only one week, he

had to take another landing in China on

October 22, he went directly

from the airport to the 14-day

isolation in a designated hotel.

Finally, on November 5, after the

quarantine was over, he went to

a conference room at the CIIE

to sign a cloud contract for 350

million yuan (US$52.8 million).

After he reached Shanghai and

before he finally went to the

expo, he took two more videoed the whole process

and posted it online. “All I

went through for the CIIE is

worthwhile,” he told the media

after signing the contract. “The

A SENSE OF CERTAINTYImport expo shores up global business confidence in China

By Yuan Yuanmarket of dairy products has

been struggling worldwide due to

the pandemic but China’s market

has picked up for months. We

have laid great importance on

the Chinese market and the CIIE

is a great platform for us. We

can’t miss it.”

While many large

international events have been

postponed or scrapped following

the gloomy novel coronavirus

disease (COVID-19) situation and

uncertainties worldwide, the CIIE

was not only held as scheduled

but had a larger exhibition area

than last year. It demonstrated,

as President Xi Jinping said in

his keynote address delivered by

video on November 4, China’s

commitment to sharing its

market opportunities with

the rest of the world and

contributing to global economic

recovery.

Xi also said, “China will

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stay committed to openness,

cooperation and unity for win-win results. We will steadfastly

expand all-round opening up

and explore more efficient ways

to connect domestic and foreign

markets and share factors of

production and resources. Our

aim is to turn the China market

into a market for the world,

a market shared by all, and a

market accessible to all. This

way, we will be able to bring

more positive energy to the

global community.”It was a heartening message

for businesses. According to

official data, China’s GDP grew

4.9 percent in the third quarter of

this year, when most other major

economies were in recession.

Viewing China’s market pickup

amid the sharply declining world

economy, over 80 percent of the

Fortune Global 500 companies

and industry leaders that had

participated in the previous CIIEs

returned to Shanghai this deals made at this CIIE

showed the global confidence

in China. The value of intended

deals signed reached US$72.62

billion, an increase of 2.1 percent

from 2019, as figures released by

the CIIE Bureau on November 10,

the last day of the six-day event,

Chenghai, deputy director

of the CIIE Bureau, called the

Third CIIE the largest exhibition

China has held since the

containment of COVID-19 in the

country, with participants from

the highest number of First

To ensure the safety of all

participants, Shanghai took

every detail into consideration.

Everybody at the event was

required to wear masks.

Exhibitors and visitors coming

from abroad had to go through 14

days of quarantine after arriving

in China, and two nucleic acid

tests, one before and one after

the volunteers at the expo,

mostly college students,

underwent two tests, one 12

days before and the other five

days prior to the expo’s opening.

Journalists and all domestic

1.2.3.1. A masked panda

called Jinbao,

mascot of the China

International Import

Expo (CIIE), in a

passageway at the

venue for the third

installment of the

event in Shanghai on

November 6, 2020.

(CHEN YEHUA)2. The world’s first

all-carbon fiber

hypercar, Apollo

Intensa Emozione, at

the 3rd CIIE. (YANG

YANG)3. The latest da Vinci

robotic surgery

system debuts at the

3rd CIIE. (VCG) Copyright©博看网 . All Rights 45

4.9Key Points in President Xi Jinping’s Speech-China will pursue creative ways to grow foreign trade through the

CIIE and other platforms of opening up. It will encourage cross-border

e-commerce and other new business forms and models to foster

new drivers of foreign trade and shorten its catalog of technologies

prohibited or restricted from import to create a favorable environment

for the free flow of technologies across borders.

-China will keep improving its business environment. In the wake of

COVID-19, a range of pro-business relief policies have been adopted

that apply equally to all companies registered in China. China will

continue to make its foreign-related legal framework more open

and transparent, strengthen intellectual property protection, better

protect the lawful rights and interests of foreign investors and

provide them with more high-quality services to further improve the

business environment.

-China will pursue deeper bilateral, multilateral and regional

cooperation. It stands ready to conclude high-standard free trade

agreements with more countries in the world. It will take an active

part in World Trade Organization reform and in cooperation at the

United Nations, the Group of 20, Asia-Pacific Economic Cooperation,

BRICS and other fora. It will work with partner countries to promote

high-quality Belt and Road cooperation and build a community with

a shared future for rs were required to get one

test within seven days before

the event, and reporters had to

record their body temperature

each day for 14 days before

coming to the event.A team of 400 medical

workers manned dozens of

medical stations and temporary

observation and treatment sites

in the sprawling exhibition

area as well as the exhibition

hall and public areas, which

were regularly disinfected.

Hand sanitizers were placed

everywhere, including in

measures were also

adopted for the raw food

displayed at the expo. Yuan

Xiaoxiao, who works for a cod-processing company in Qingdao,

a coastal city in east China, said

each package of cods, regardless

of the size, had to be disinfected

and tested one or two days before

they were taken to the exhibition

area even though they had been

cleared by the customs and

checked by local governments

prior to that.A New AreaThe exhibition area was full

of creative and stunning items,

like the world’s first all-carbon

fiber sports car, the Apollo

Intensa Emozione, by German

automaker Apollo Automobil,

and the Korloff Noir, the 88-carat

ck diamond from Korloff

Jewelers of r, what really stood

out was the new display area

showcasing new technologies

and products for pandemic

prevention and treatment,

located in the medical

equipment and healthcare

product initial planned area for

this section was 2,000 square

meters. However, due to high

exhibitor demand, it had to be

expanded multiple times before

finally reaching 12,000 square

meters.

Fosun Pharma, a Shanghai-based biotech company, released

the update on its experimental

COVID-19 vaccine, the mRNA

vaccine that it has jointly

developed with Germany’s

BioNTech. In July, the vaccine

candidate was approved in China

for phase-one clinical se biopharmaceutical

company Takeda said it has

collaborated with leading

plasma companies to set up the

COVID-19 Plasma Alliance to

accelerate the treatment of the

disease. Now an experimental

therapy is in phase-three clinical

trial. If successful, it may become

one of the earliest treatment

solutions for hospitalized adult

COVID-19 Diagnostics from

Switzerland brought a three-in-one reagent capable of

simultaneously detecting

influenza A, influenza B and

COVID-19. Fujifilm from Japan

exhibited a genetic test kit that

can shorten the detection time

for the virus to two hours from

four to six the over 400 new

products, technologies and

services that debuted in the

expo, 120 were displayed in

the medical equipment and

healthcare product firms had a

fruitful CIIE. Leading U.S.

biopharmaceutical company

Pfizer signed a collaboration

agreement with Alibaba Health

at the CIIE to build a complete

and full-chain vaccination

service online.“Pfizer has great confidence

in China’s economy in the

long-term. Our proactive

participation in the CIIE

reiterates our commitment to

continuously developing in

China to fulfill our purpose of

bringing breakthroughs that

change patients’ lives,” Wu Kun,

chief operating officer of Pfizer

Biopharma Group in China, told

the s from the e China-U.S. tensions,

exhibitors from the U.S. took up

the largest area.U.S.-based commercial real

4.9%According to official

data, China’s GDP

grew 4.9 percent in

the third quarter of

this year.80%Viewing China’s

market pickup

amid the sharply

declining world

economy, over

80 percent of the

Fortune Global

500 companies

and industry

leaders that had

participated in

the previous

CIIEs returned to

Shanghai this year.80US$72.62

US$71.13

billionbillion2020702019The value of

intended deals

signed reached

US$72.62 billion,

an increase of 2.1

percent from 2019,

as figures released

by the CIIE Bureau

on November 10,

the last day of

the six-day event,

showed. Copyright©博看网 . All Rights Reserved.

An exhibitor demonstrates

a newest continuous glucose

monitor at the 3rd CIIE. (LIU YING)70%A survey by the

American Chamber

of Commerce in

Shanghai and

Beijing and business

consultancy firm

PricewaterhouseCoopers

said in April that

70 percent of

the American

companies surveyed

said they have no

short-term plan to

relocate any part of

their operations out

of China.

40%About 40 percent

said they would not

revise their long-term supply-chain

plan in services company CBRE

joined the CIIE as an exhibitor for

the first time this year. “Although

it is the first time for us to be

here as an exhibitor, we are not

fresh here at all,” Ben Duncan,

CBRE President of North Asia

and CEO of Greater China, told

China Report had visited the First CIIE

and taken part in some activities

in 2019. This year, it set up its

own booth.“Shanghai is the commercial

heartbeat of China and the CIIE

enables us to make connections

and know more about our

partners,” Duncan said.

Despite the rising

uncertainties in China-U.S.

relations, he said his company

has never thought of moving

out of China. “There are a lot

more uncertainties today…but

most of us continue to expand

our business and investment in

China,” Duncan said.A survey by the American

Chamber of Commerce in

Shanghai and Beijing and

business consultancy firm

PricewaterhouseCoopers said

in April that 70 percent of the

American companies surveyed

said they have no short-term

plan to relocate any part of their

operations out of China. About

40 percent said they would not

revise their long-term supply-chain plan in said many companies

say China will become

increasingly important to their

future business. Xi’s remarks at

the opening ceremony made him

more confident about China’s

market.

“It is very encouraging to know

the government will support

openness and continue to open

its markets,” Duncan said. “With

rising tensions around the world,

China’s decision to continue to

open its market and encourage

more international investment

should be acknowledged and

we should really appreciate this

message coming out of China.”He also said it is no surprise

to see China’s market has seen a

pickup, given the government’s

effective COVID-19 control

measures. “Countries who

control the spread of the virus

are going to be the winners that

come out of the situation,” he

said. “We expect China’s real

estate market to perform better

than most of the markets around

the world for the following 18

months.”

Maria Sferruzza, Senior Vice

President for Asia Pacific at

Baker Hughes, one of the world’s

largest energy technology

companies headquartered in

the United States, said China is

one of the few countries in the

world that can hold large events

like the CIIE. “It is also a sign

that China is further opening to

international players including

our company. This event has

provided a great platform for us

to socialize with our potential

partners,” she Hughes has over

2,000 employees and seven

manufacturing sites in China. At

the CIIE, the company showcased

a wide range of innovative

technologies across the oil and

gas value zza expressed Baker

Hughes’ support for China’s

goal of carbon neutrality before

2060, as announced by Xi at

the General Debate of the 75th

Session of the UN General

Assembly in September. She said

the pandemic has accelerated

the implementation of Baker

Hughes’ strategy in China to

strengthen collaboration with oil

companies from China and other

countries.

For U.S. medical device and

consumer goods maker Johnson

& Johnson, it was their third

consecutive year at the expo.

“Johnson & Johnson is confident

in the new chapter of our growth

in China,” Song Weiqun, the

company’s chairman in China

and Global Senior Vice President,

told the media. The company

expanded their exhibition

space this year as a mark of that

confidence.

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