Beijing
The third China International Import Expo (CIIE) will be held as scheduled offline from November 5 to 10 in Shanghai amid the coronavirus pandemic, showing China’s determination to further open up, a CIIE Bureau official said.
The event can also accelerate the recovery of the global economy, said Sun Chenghai, vice director of the CIIE Bureau, Global Times reported on Saturday. Despite rising China-US tensions, the US multinationals still show willingness to expand in the Chinese market. Over 150 US companies including industrial leaders such as 3M, Qualcomm Technologies, Pfizer and Exxon Mobil Corp will participate in the expo, based on data released by the CIIE Bureau. More than 190 US firms attended the second CIIE.
Despite the impact of the uncertainties between China and the US as well as the pandemic, many US firms still decided to take part in the event “as they trust the market potential and improved business environment in China,” Wang Xiaohong, professor at the China Center for International Economic Exchanges, told the Global Times.
Also, over 140 companies from Germany and 150 companies from Australia are scheduled to take part in the event, according to official data. —APP
