China reaches new stage of development with CIIE
by Lawrence Freeman
Editor’s Note: Lawrence Freeman is a political-economic analyst for Africa with 30 years of experience in Africa promoting infrastructure development policies. The article reflects the author’s opinions, and not necessarily the views of CGTN.
China’s Belt and Road Initiative (BRI) introduced by President Xi Jinping in 2013 is changing the world economy. China has signed cooperation documents on the BRI with 136 countries and 30 international organizations as of the end of July. Four years later, in May 2017, President Xi personally announced the creation of the China International Import Expo (CIIE) that took place in November 2018.
The global BRI, which now involves the majority of nations in the world, is creating new infrastructure platforms to stimulate economic growth. China’s second CIIE will again be held in Shanghai from November 5 to 10, 2019. Although the CIIE is focused on attracting imports to China’s large domestic market, it complements the BRI, demonstrating China’s emergence as an export-import engine promoting global development.