The solution to China’s epidemic global economy – cooperation and inauguration – Tech

China's solutions to the pandemic-hit global economy - cooperation and inauguration

Beijing, Nov.5, 2020 / PRNewswire / – The COVID-19 pandemic has spread at an alarming pace, infecting millions of people and bringing economic activity to a standstill, as countries prevent the spread of the virus. Stringent restrictions have been imposed on the movement.

How can the global economy recover from this unprecedented shock?

In his keynote address via video link At the opening ceremony of the Third China International Import Expo (CIIE) on Wednesday, Chinese President Xi Jinping responded China: Upholding the principles of mutually beneficial cooperation and mutual opening.

Mutually beneficial cooperation

COVID-19 is a clear reminder that all countries are bound together as a community with a shared future, Xi said, adding that no one can remain immune to a major crisis and countries together as partners Should work, each should follow its responsibility.

Solidarity and cooperation are the right options to face the challenges. “We must uphold the principle of mutually beneficial cooperation,” he said.

The CIIE is now an international public good for the world to serve as a major platform for international procurement, investment promotion, cultural exchange and cooperation for sharing, he emphasized.

The first CIIE in 2018 saw potential one-year purchase deals for access to goods and services $ 57.83 billion, While the deal reached from Belt and Road countries $ 4.7 billion. This figure increased by 23 percent in the second CIIE $ 71.13 billion.

Coming to this year’s CIIE are newcomers from the previous exposé as well as the returns of around 50 Fortune-500s and industry-leading companies.

Undoubtedly, with the cooperation through this year’s CIIE, fresh impetus can be injected into the global economy.

Mutual opening of shared benefits, responsibilities and governance

Mutual opening is another keyword that the Chinese President mentions in CII.

Xi said the hosting of the third CIIE demonstrates the country’s sincere desire to share its market opportunities with the world and contribute to global economic recovery.

Given that the initial measures he announced in last year’s CIIE have been fully implemented, Xi not only implemented domestic and international dissemination more openly Of china There is a need for own development but in all countries the maximum benefit of the people.

According to official figures, China Fastest recovery from epidemics among major economies. In the first three quarters, its economy expanded 0.7 percent from a year earlier, while the rest of the world is still in a massive recession. The country’s total imports and exports also registered positive growth year after year in the same period.

ChinaThe world’s second-largest economy has been promoting a “dual circulation” growth pattern since May. The strategy indicates an economic development pattern that takes domestic development as a mainstay, with domestic and international development reinforcing each other.

China's foreign trade dependency ratio narrowed

Read more:

Of china Dual circulation an active option and long-term strategy: official

Emphasis was also laid on the creation of new development patterns of “double circulation” in the Miracle five years Fifth plenary session of 19th CPC Central Committee, Which closed 29 October.

The Chinese president also announced new measures to further the inauguration in his keynote address.

China Will present a negative list for cross-border services trade and will be widespread and still open in areas such as the digital economy and the Internet China Xi said that foreigners would adopt creative ways to increase trade.

China Ready to sign high-standard free trade agreements with more countries of the world China Will work for early signing of regional macroeconomic partnership and accelerate negotiations on China-EU Investment Treaty and A ChinaHe said that Japan-ROK is a free trade agreement.

Read the original article: here.

Video – https://www.youtube.com/watch?v=WtN94DneAC0
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