Shanghai. President Xi Jinping said the inaugural China International Import Expo, which opens in Shanghai on Monday, is hosted by China but belongs to the world.
The expo is not an ordinary event, but marks China’s new round of advancing high-level opening-up as well as the country’s taking significant steps to open its market to the rest of the world, Xi said when addressing a banquet that he and his wife, Peng Liyuan, hosted in Shanghai to welcome foreign guests attending the event.
Xi said the expo will help deepen international trade and economic cooperation, promote Belt and Road construction and advance economic globalization as reported by China Daily.
It will make positive contributions to enhancing the well-being of peoples from around the world as well as building a community with a shared future for mankind, he added.
Noting that Shanghai is the country’s economic center and has been at the forefront of China’s reform and opening-up over the past four decades, Xi said the city has witnessed the historic process of China’s opening-up and cooperation with other countries.
On Monday, Xi will deliver the keynote speech at the opening of the six-day event, which will see participation of more than 3,000 companies from over 130 countries and regions eager to take advantage of the opportunities it presents.
Leaders of 18 countries will attend the expo. Xi will join foreign leaders to visit pavilions of different countries at the expo.
The import-themed expo, the first one organized at the national level, is considered a new platform for other countries’ products to access the vast Chinese market.
Xi announced China’s hosting of the expo at the opening ceremony of the Belt and Road Forum for International Cooperation in Beijing in April last year. Since then, Xi has on various occasions extended invitations to the rest of the world to attend the event.