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Business
Trade war mercury rising, no U.S. official to attend China’s biggest trade fair
CKN
2018/10/25 10:26:47
2,742
China's Financial News, China News ,Trade war

Oct 25, 2018 (China Knowledge) - The U.S. embassy spokesman has said, on Wednesday, that the country has no plans to send any official to the China Import and Export Fair (CIIE) to be held in Shanghai on November 5-10, 2018, according to the report by Reuters.

The CIIE Fair is China’s largest trade exhibition where exhibitors and buyers from all around the world come together to do deals on more than 150, 000 different types of products. An estimated billions of dollars of deals are expected to be inked at the end of the fair.

Chinese leader Xi Jinping is expected to attend the launch of the import export exhibition. Several heads of organizations including Microsoft’s Bill gates, Jean-Paul AGON, Chairman and CEO, L’Oréal; Christoph FRANZ, Chairman, Roche Group; Angel GURRÍA, Secretary-General, OECD; Jim HACKETT, President and CEO, Ford Motor Company, Alibaba’s Jack Ma, and others will participate in the trade fair. Many countries are building their pavilions to showcase their products at the event.

The fair is viewed as of top importance by the Chinese leaders as it opens up its market to the world. China’s major trading partners have announced plans to send delegates to attend the fair including Australia, Canada, France and Germany. China has also confirmed the attendance of British trade minister Liam Fox.

According to China Daily, the U.S. companies are the third in terms of participation at the import and export fair. China might see U.S. move, of not sending any delegates to the event, as Washington’s insincerity to reconcile with China. This might potentially impede the trade negotiations that are slated to be held at the G20 summit next month.

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