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CIIE: A step forward in building a community of shared future for mankind
2018/11/08 09:48:10
China Financial News, China News, CIIE, China

The building of a community of shared future for mankind with new vision, renewed hope and a novel goal is, what China has set out for the world in the new era. This new concept has been widely recognized by the international community and written into the important documents of the United Nations (UN). The first "International Import Expo" going on in Shanghai is not only a commodity fair in the general sense, but also a major practice of building a community of shared future for mankind.

First, holding the China International Import Expo (CIIE) embodies China's new vision of building a community of shared future for mankind in the backdrop of globalization. The underlying meaning of a community of shared future for mankind refers to the creation of an environment where a country accommodates the legitimate concerns of others when pursuing her own interests and promotes the common development of all other countries in the course of pursuing her own development. Only mutual cooperation, mutual benefit, win-win situation, mutual understanding, tolerance and common development can allow human society to become a community of common destiny.

In recent years, isolationism, unilateralism, protectionism, trade frictions and trade wars all have threatened global economic growth, leaving widespread concerns around the world regarding economic globalization. Under such a background, China’s hosting of CIIE, by providing a trading platform for goods and services from all over the world to march the monster market with a population of 1.4 billion, hints towards China’s new vision of globalization and for building a community of common destiny. Shanghai Import Expo, so far, is the first state-class exhibition on the theme of import, also a magnificent initiative in the history of international trade. Unique in the field of today’s world trade, Import Expo proves to the international community China's resolution to support economic globalization, trade liberalization & facilitation as well as China's determination and confidence in opening up to the outside world in the new era.

Second, the holding of CIIE is a concrete step for China to promote the building of a community of shared future for mankind. The report of the Nineteenth National Congress of the Communist Party of China (NCCPC) put forward the idea of promoting the building of a community of common destiny and employ concrete measures to put the advanced vision into practice. The Belt and the Road Initiatives (BRI) is regarded by the international community as one of the practices of China to build a community of shared future for mankind, and the holding of international Import Expo is another milestone in that direction. On the one hand, as a global trading power, China is offering a new platform for boosting the growth of global trade, with great international influence and a wealth of international trade resources, encouraging other economies to share in China’s development dividends.

By expanding imports and supporting other countries to take China’s "Fast Ride" and "Free Ride" in economic growth, China has virtually offered world’s developing export markets, opportunities for development and employment. Thus, enhancing the spillover effect of economic development and implementation of its development vision, as an African proverb puts it appropriately, "if you want to go fast, walk alone; and if you want to go far, walk together". Similarly, by means of hosting CIIE, China has willingly expanded her imports and supported other economies to take Chinese "Fast Ride" and "Free Ride" in economic growth. The move also provides export markets to trading partners so that global transition is achieved. Resultantly, providing a new impetus for the growth of the world economy and trade as well as creating new needs for the sake of growth of enterprises in various nations.

Third, the holding of the CIIE builds a community of shared future and supply public goods that promote ‘inclusive and win-win’ development around the world. As isolationism, unilateralism and protectionism continued to have negative impact on the global development, the world was in urgent need of an all-inclusive approach towards integration, and Import Expo came at the right time. CIIE is not only a trading platform for goods and services, but also bears a multidimensional avenue for the display of national image and the discussion of major global issues.

Import Expo is an open and inclusive platform for international cooperation and exchange, to develop three pillars of national expo, which are, mutual cooperation, multilateral promotion and companionship. Therefore, the international community needs to develop a consensus on globalization and multilateralism, and raise voice for building a community of shared future. CIIE has provided the least developed countries the necessary support to participate in and integrate into the globalization process, to help them participate in the global value chain and to enhance the integration of interests, which will make an important contribution to the building of human destiny community.

Copyright © 2018

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Shi Jianxun
Director of the Institute of Finance and Economics at Shanghai Tongji University
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