In his speech to the opening ceremony of the Fifth China International Import Expo(CIIE) in Shanghai on November 4 via video link, Chinese President Xi Jinping explained how China will further pursue a mutually beneficial strategy of opening up, strive to use its own development to create new opportunities for the world,and contribute its fair share to the creation of an open global economy.

The Fifth CIIE, from November 5 to 10, was the first important international fair to take place after the 20th Communist Party of China National Congress, a milestone political event that reviewed what China had accomplished in the past 10 years and outlined its objectives for the next five years and beyond. This year’s CIIE attracted 145 countries, regions and international organizations, and 284 industry-leading enterprises participated in the business exhibition, which demonstrated the importance the international community attaches to the Chinese market.

This year’s CIIE once again showed how China will open its door wider in the face of global development difficulties. As Xi said in his address titled Working Together for a Bright Future of Openness and Prosperity, “We should commit ourselves to openness to meet development challenges, foster synergy for cooperation, build the momentum of innovation, and deliver benefits to all.We should steadily advance economic globalization, enhance every country’s dynamism of growth, and provide all nations with greater and fairer access to the fruits of development.”

The Fifth CIIE also sent the clear message that China will remain committed to mutually beneficial cooperation.At present, the country is fast-tracking the creation of a new development pattern and pursuing high-quality development. The new paradigm does not represent a closed domestic economy,but a double development dynamic with the domestic economy as the mainstay and the domestic economy and international engagement providing mutual reinforcement.

Serving as a platform for all countries to share opportunities in the Chinese market, the expo will forge a bridge for businesses to enter the Chinese market and stimulate domestic economic transformation as well as industrial and consumption upgrading. BR