China's import expo attracts Belt and Road countries

Source:Cfbond 2018-11-08 17:19

By Dai Qi

China International Import Expo (CIIE) attracted over 172 countries and regions from around the world with one-third of them along the Belt and Road, the Economic Information Daily reported on Thursday.

Over 1,000 enterprises from 58 countries along the Belt and Road bring exhibits such as industrial robots, digital plants, unmanned vehicles, costumes, consumer goods, foods, agricultural products and so on.

Egypt showcased its industrial, commercial and tourism-related products covering agricultural goods, foods, textile, handmade items, furniture, engineering and leather.

Russia has brought in enterprises from five categories including food and agricultural products, high-tech equipment, medical care equipment and products, as well as service and consumer goods. Among the items on exhibition, agriculture-related products take up the largest stand.

Nearly 100 enterprises from Malaysia are displaying their products such as high-tech, service trade and foods.

Liang Ming, head of the Foreign Trade Institute of Chinese Academy of International Trade and Economic Cooperation, said the expo is to provide high-quality products from the Belt and Road Initiative countries with more  opportunities to attract Chinese purchasers.

"The expo has offered a good chance for less developed countries to share opportunities on the Chinese market and get involved in globalization," said Li Jun, head of the International Service Trade Institute of Chinese Academy of International Trade and Economic Cooperation.

From 2013 to 2017, trading volume of commodities between China and countries along the Belt and Road Initiative had exceeded 5 trillion U.S. dollars, as reported by the Economic Information Daily.

Statistics from the General Administration of Customs showed that in 2017, China's imports and exports to countries along the Belt and Road Initiative had reached 7.37 trillion yuan (1.06 trillion U.S. dollars), up by 17.8 percent year on year.

In the next 15 years, China is expected to import goods worth 30 trillion U.S. dollars and countries along the Belt and Road Initiative will get more chances.

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