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Guo Wenqing and His Delegation Attend the Opening Ceremony of the Second China International Import Expo

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On November 5, the second China International Import Expo opened at the National Exhibition and Convention Center in Shanghai. Chinese President Xi Jinping attended the opening ceremony and delivered the keynote speech entitled "Openness and Cooperation for a Shared Future". He stressed that all countries should build an open world economy through cooperation, with innovation and for mutual benefits with a more open mindset and take more open steps. He reiterated that China will open its door only wider to the world. China will adhere to its fundamental state policy of opening-up and stay committed to opening-up to promote reform, development and innovation. This will bring about opening-up at an even higher level. Guo Wenqing, China Minmetals' President and Deputy Party Group Secretary and MCC Chairman, led the China Minmetals trade delegation to attend this event and he also attended the grand ceremony in person. He listened to President Xi's keynote speech and conveyed the guiding principles of the ceremony to the China Minmetals trade delegation after the ceremony.

At 9:30 in the morning, President Xi announced that the second China International Import Expo was officially opened. Subsequently, Xi delivered keynote speech.

He said that, a year ago in this same place, the inaugural China International Import Expo was successfully held. Today, we are happy to be joined by even more friends in the second Expo. I trust that you will all find your participation in the event worthwhile and rewarding! At last year’s Expo, I announced the initiatives China was to take in the five areas of further opening-up and spelt out three specific steps for Shanghai to open wider to the world. One year on, these initiatives and steps have been by and large put in place.

President Xi emphasized that economic globalization represents the trend of history and nothing can stop their mighty movement, not the current of undertows or hidden shoals or rocks beneath the water. Of the problems confronting the world economy, none can be resolved by a single country alone. We must all put the common good of humanity first. We must have a more open mindset and take more open steps, and work together to make the pie of the global market even bigger. We need to strengthen the mechanisms for sharing benefits globally, and explore new ways of international cooperation. The goal is to give more impetus to economic globalization and remove impediments as much as we could.

President Xi proposed the following:

First, let us work together to build an open world economy through cooperation. Facing contradictions and frictions, the right solution lies in consultation and cooperation. All problems could be settled in the spirit of equality, mutual understanding and accommodation. We need to promote development through opening-up and deepen exchanges and cooperation among us. We need to “join hands” with each other instead of “letting go” of each other’ s hands. We need to “tear down walls”, not to “erect walls”. We need to stand firm against protectionism and unilateralism.

Second, let us work together to build an open world economy with innovation. Countries need to step up cooperation in innovation. We need to facilitate integration of science and technology with economic growth, and increase the sharing of innovation results. We need to support our businesses in technical exchanges and cooperation on their own accord. This is a way to unleash the potential for innovation. We need to tighten the protection of intellectual property. The least desirable is for us to stifle the flow of knowledge, or to create or even widen the technology divide among us.

Third, let us work together to build an open world economy for mutual benefits. We need to work together to safeguard the international order underpinned by the purposes and principles of the UN Charter, uphold the core values and basic principles of the multilateral trading system, promote trade and investment liberalization and facilitation, and increase support for the Least Developed Countries so that the benefits of development will reach more countries and peoples.

Xi Jinping emphasized that standing at a new historical starting point, China will open its door only wider to the world. China will adhere to its fundamental state policy of opening-up and stay committed to opening-up to promote reform, development and innovation. This will bring about opening-up at an even higher level.

First, China will continue to open up its market. Its middle-income population is the biggest in the world. The huge Chinese market points to a potential that is simply unlimited. Chinese market is such a big one that you should all come and see what it has to offer. China will foster a more robust domestic market and give greater importance to import. We will continue to lower tariffs and institutional transaction costs, develop demonstration zones to promote import trade by creative means, and import more high-quality goods and services from around the world

Second, China will continue to optimize its opening-up structure. China will continue to encourage bold trials and experiments in pilot free trade zones and quicken the development of the Hainan Free Trade Port. China will continue to implement integrated regional development strategies for the Beijing-Tianjin-Hebei region, the Yangtze River Economic Belt, the Yangtze River Delta region, and the Guangdong-Hong Kong-Macao Greater Bay Area, and draw up a new national strategy for environmental protection and high-quality development in the Yellow River basin. The purpose is to seek greater synergy of opening-up among different parts of the country.

Third, China will continue to improve the business environment. China will continue to remove major constraints on economic development, gear up reforms regarding key links and areas, and modernize the system and capacity for governance as an institutional support for high-standard opening-up and high-quality development. China will continue to foster an enabling business environment that is based on market principles, governed by law, and up to international standards. We will give foreign investments greater market access to more sectors, shorten the negative list further, and improve institutions for investment promotion and protection and for information reporting. With regard to IP protection, we will improve the legal framework.

Fourth, China will continue to deepen multilateral and bilateral cooperation. China supports necessary reforms to the WTO so that the multilateral trading regime can be more authoritative and effective. I hope the Regional Comprehensive Economic Partnership (RCEP) will be signed and enter into force at an early date. China will be happy to conclude high-standard free trade agreements with more countries. We will speed up negotiations on a China-EU investment agreement, a China-Japan-ROK FTA, and a China-Gulf Cooperation Council (GCC) FTA. We will stay actively engaged in cooperation within the United Nations, the G20, APEC, and BRICS to move economic globalization forward.

Fifth, China will continue to advance Belt and Road cooperation. China will follow the principle of extensive consultation, joint contribution, and shared benefits, the philosophy of open, green, and clean cooperation, and a high-standard, people-centered, and sustainable approach to promote high-quality Belt and Road cooperation.

Xi Jinping pointed out that looking forward, China will follow the new development approach and the strategy of innovation-driven development, and redouble our efforts to foster new growth drivers by shifting the growth model, improving the economic structure, and creating new growth momentum. We believe such efforts will not only bring China high-quality development but also new growth opportunities for the global economy. I have faith in the bright prospects of China’s economic development.

Xi Jinping finally stressed that, China’s development, viewed through the lens of history, is an integral part of the lofty cause of human progress. China will reach out its arms and offer countries in the world more opportunities of market, investment and growth. Together, we can achieve development for all. Let us all work in that spirit and contribute to an open global economy and to a community with a shared future for mankind.

After the opening ceremony, Guo Wenqing also visited some pavilions such as the China Pavilion, watched the introduction video of the China Pavilion, and visited some units of the China Pavilion such as "innovative China and opening China". He had a friendly exchange with the heads of relevant pavilions. Jerry Jiao, Vice-President of China Minmetals participated in the Chinese-Foreign Enterprise Cooperation Forum in the morning of November 6; Ren Zhufeng, Vice-President of China Minmetals participated in the China Europe CEO Summit in the morning of November 6.

Jerry Jiao accompanied the above visits. Xing Yan, Bai Xiaohu and other relevant personnel from relevant headquarters departments and directly-administrated subsidiaries of China Minmetals participated in relevant activities.


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