BUILDING TOGETHER A FUTURE OF OPENNESS AND RADIANT PROSPERITY

speech by Mr. Xi Jinping
President of the People’s Republic of China
at the opening ceremony
of the 5th China International Import Exhibition

November 4, 2022

Ladies and Gentlemen, Heads of State and Government,
Ladies and Gentlemen, Heads of International Organizations,
Ladies and Gentlemen Heads of Delegation,
distinguished guests,
Ladies and gentlemen,
Dear friends,

Hello guys. On behalf of the Chinese government and people and on my own behalf, I would like to extend a cordial welcome and greetings to all guests attending the 5th China International Import Exhibition (CIIE).

Five years ago, I announced the creation of the CIIE. The aim was to expand the opening of China so that the huge Chinese market would offer the world great opportunities. Today, the CIIE has become a showcase for China’s new development momentum, a platform to promote high-level openness and a global public good shared by all.

Openness is an important driving force for the progress of human civilization and the right path we must follow to achieve prosperity and development in the world. Our world is currently undergoing accelerated changes not seen in a century, and the global economic recovery remains weak. We must count on openness to remove obstacles to development, create cooperation synergies, strengthen the dynamics of innovation and seek benefits for all. We must continue to drive economic globalization and strengthen the engines of development in all countries, so that the fruits of development benefit more and more equitably all the peoples of the world.

Ladies and gentlemen,
Dear friends,

As emphasized by the 20th National Congress of the Communist Party of China, China will follow the fundamental policy of opening up to the outside world, firmly implement the strategy of mutually beneficial opening up, and continue to engage in economic globalization which is the right direction to go. It will work to strengthen interactions between domestic and international markets, as well as between domestic and foreign resources, so that their development constantly offers the world new opportunities, and it will work to build an open world economy.

— China will work with all countries and parties to share the opportunities of its huge market. We will accelerate the construction of a robust domestic market, promote the optimization and modernization of trade in goods, develop new mechanisms to promote trade in services, and expand the import of quality products. We will strive to establish “Silk Road” e-commerce cooperation pilot zones, build national service trade innovative development demonstration zones, promote innovation in trade, and promote quality cooperation under the Belt and Road Initiative.

— China will work with all countries and parties to share the opportunities of its institutional opening.We will solidly expand institutional openness in terms of norms, regulations, management and norms, we will fully implement the new Catalog of Industries Incentivized to Foreign Investment and we will deepen the construction of the National Integrated Demonstration Zone for expansion. the opening of the service sector . We will implement the strategy of strengthening pilot free trade zones, accelerate the construction of the Hainan Free Trade Port, and promote their role as integrated platforms to experiment with reforms and openings.

— China will work with all countries and parties to share opportunities to deepen international cooperation.We will participate in depth and at all levels in the negotiations on the reform of the World Trade Organization, we will promote trade and investment liberalization and facilitation, we will contribute to the international coordination of macroeconomic policies and we will bring new engines of global development to the rest of the world. We will actively work to adhere to the Trans-Pacific Comprehensive and Progressive Partnership Agreement (CPTPP) and the Digital Economy Partnership Agreement (DEPA), expand the network of high-end global free trade areas, and unfailingly support and accompany the efforts of other countries in development for accelerated development in order to build a community with a shared future for humanity.

Ladies and gentlemen,
Dear friends,

“After crossing mountains and endless rivers that make it doubtful that there is a way out, we suddenly find ourselves in front of weeping willows, beautiful flowers and a beautiful village,” read a Chinese poem. The path is set and a better future awaits us. China is willing to work with all countries to uphold genuine multilateralism, build greater consensus for openness, and jointly overcome the difficulties and challenges facing the global economy, so that our commitment to openness will bring bright prospects for global development.

Thanks.

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