China's Expo attracts 1000 firms from Belt and Road countries

China's Expo attracts 1000 firms from Belt and Road countries

China's Expo attracts 1000 firms from Belt and Road countries

India is eyeing giving a boost to its exports of food and agro products, pharmaceuticals, information technology (IT) and services such as tourism to China as it participates in the first China International Import Expo (CIIE).

China ranks 59th out of the 62 countries evaluated by the Organization for Economic Cooperation and Development in terms of openness to foreign direct investment. It takes less than two days for Kenyan roses to reach vases in Chinese households.

Opening the China International Import Expo, or CIIE, Mr Xi hopes to show foreign companies that the ease and potential of exporting to Chinese consumers is shifting.

India too has been pressuring China to take measures to bring down over United States dollars 51 billion annual trade deficit, which was one of the main focus areas in the informal meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping at Wuhan in April this year.

China and Kenya should maintain high-level exchanges, expand cooperation in all areas, and continue to support each other on issues involving respective core interests and major concerns, said Xi, quoted by the local magazine.

Professor Shen Guobing from the School of Economics at Fudan University in Shanghai told gbtimes.com that China was already moving ahead, as evidenced by the latest World Bank Ease of Doing Business report that saw China jump 32 places to rank 46th among the world's economies past year. -China Business Council in Beijing.

Tony Douglas, Etihad Aviation Group chief executive officer, said: "China is a strategically important market for Etihad". Just $5 a month.

U.S. and Chinese flags are placed for a joint news conference by U.S. Secretary of State Mike Pompeo and Chinese Foreign Minister Wang Yi at the Great Hall of the People in Beijing, China June 14, 2018. Yet this ratio is still below the worldwide average, which is 80 percent for developed countries and 70 percent for the developing world, according to the World Bank.

Although Xi pledged to import $30 trillion of good over the next 15 years - up from $24 trillion in previous estimates - his policy initiatives were largely in line with previous statements.

The acceleration in purchases from the rest of the world is not a makeshift decision made to temporarily offset the negative effects of trade conflicts.

Xi said this year marks the 10th anniversary of the establishment of comprehensive strategic cooperative partnership between the two countries. Judging by the latest attempt at negotiations, which China canceled in late September, the chances of success for this attempt are as uncertain as ever, although the waiver that Washington proffered to China that will allow it to purchase Iranian crude oil may be some grease on the wheels of a trade agreement. There is no way that China will close its door to the world, despite the rising tides of trade protectionism and isolationism.

The firm also acknowledged that with faster drug approvals and implementation of new policies, such as China's entry into the International Council for Harmonisation of Technical Requirements for Pharmaceuticals for Human Use, the country "has ushered in a new pattern of innovative research and development".

Despite being a major exporter of pharmaceutical products, China accounts for only 0.2% of India's total pharmaceutical exports.

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