Import fair to serve global interests

BEIJING: China’s second import fair, coming at a time when the world is still mired in a rift over protectionism and unrest, is expected to serve the interests of all economies keen on capitalizing on opportunities abounding in the Chinese market, participating businesses and economists said on Monday.
Chinese President Xi Jinping hosted a banquet on Monday for guests attending the Second China International Import Expo (CIIE) in Shanghai, according to the Xinhua News Agency. This year’s expo opens Tuesday and closes Sunday.
The expo, setting its focus on high-tech products and various services, will consolidate the nation’s position as an open trade trendsetter and global growth engine, according to Chinese market watchers.
From the world’s shortest insulin injection needle to a future driving cab which can detect and respond to driver mood changes, the expo is increasingly turning into a feast of cutting-edge technologies in all areas as exhibitors bring their latest-generation and concept products laden with high technologies to the country’s largest import expo, A Global Times reporter noted in a tour of the expo venue on Monday.
Overseas exhibitors told the Global Times they brought their tech-heavy products to the expo looking for potential customers in China as the country increasingly demands for high-quality products in defiance of a global economic slowdown.
Amanda Lin, communications manager for the Greater China region of German semi-conductor manufacturer Infineon, said that the expo was a wonderful occasion for companies to teach the public about high-tech products like chips.
“From my observation, the integration of people’s lives and high technologies has developed very fast in the recent 10 or 20 years in China. People in China are using those technologies even without awareness of it,” she told the Global Times on Monday.
A look at the exhibits this year shows many companies brought an updated version of their exhibits from last year.
Automation system maker Omron, for example, brought along a fifth-generation table tennis robot. Equipped with Omron’s latest sense and control technologies, the robot can detect and analyze player movements and give them directions, a function it didn’t bring to the table in 2018.
Italian yacht manufacturer the Ferretti Group displayed a multifunctional high-speed patrol ship with almost all the parameters doubling those of the two leisure yachts it displayed last year.
“Last year many government officials and Chinese state-owned enterprises’ representatives visited our exhibition hall,” Chen Gang, chief representative of Ferretti Group, told the Global Times on Monday. “We realized that they were potential buyers of our technology-laden public services and so we are tilting toward more high-level exhibits this year.”
Chen said the ship “never left Europe” before but is coming to China for display as Chinese clients are looking for high-quality ships to help them deal with increasing sea operations such as offshore drilling, particularly in tough weather conditions and rough seas. An uptick in Chinese household wealth and the nation’s push to cut import tariffs have boosted imports of consumers goods, Lian Ping, chief economist of the Bank of Communications, told the media. –The Daily Mail-Global Times News Exchange items

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