11th China-North­east Asia Expo kicks off

The UB Post - - BUSINESS & ECONOMICS -

The 11th China-North­east Asia Expo opened on Fri­day in Changchun, Jilin Prov­ince, draw­ing global at­ten­tion to North­east Asia to deepen in­ter­na­tional co­op­er­a­tion in the re­gion through ex­changes and co­op­er­a­tion, noted the or­ga­niz­ers.

The expo’s pur­pose is to pro­mote the Belt and Road Ini­tia­tive in North­east Asia and co­or­di­nate de­vel­op­ment of the North­east Asian coun­tries to jointly ex­pand to the in­ter­na­tional mar­ket.

Ap­proved by China's State Coun­cil, the event is an in­ter­na­tional fair at­tended by six North­east Asian coun­tries, namely China, Rus­sia, Mon­go­lia, Ja­pan, South Korea and North Korea. It has be­come a plat­form for re­gional eco­nomic and trade co­op­er­a­tion, peo­ple-to-peo­ple ex­changes, joint re­gional de­vel­op­ment of the Tu­men River as well as the open­ing up of north­east China.

Ac­cord­ing to the or­ga­niz­ers, this year’s expo was at­tended by se­nior ex­ec­u­tives from the world's top 500 en­ter­prises and large multi­na­tion­als such as Siemens, BASF, DuPont and Shell, and from China's cen­tral state-owned en­ter­prises and large pri­vate firms. It also in­cluded ex­hi­bi­tions and sem­i­nars on ad­vanced tech­nolo­gies in rail tran­sit equip­ment, satel­lites, drones, smart equip­ment and ro­bots, and 3D print­ing.

“The North­east Asia re­gion cov­ers an area of 28.8 mil­lion square kilo­me­ters and has a to­tal pop­u­la­tion of nearly 1.7 bil­lion. The re­gional GDP ac­counts for one fifth of the world's to­tal and half of the for­eign ex­change re­serves. Driven by eco­nomic glob­al­iza­tion and re­gional eco­nomic in­te­gra­tion, the re­gion has seen closer eco­nomic and trade ties and be­come one of the most dy­namic re­gions in the world's econ­omy,” stated expo of­fi­cials.

Of­fi­cials also note that in pre­vi­ous years, se­nior po­lit­i­cal fig­ures from more than 100 coun­tries and re­gions, and 620,000 busi­ness­men have at­tended the past 10 ses­sions of the event, with trans­ac­tions of com­modi­ties ex­ceed­ing eight bil­lion USD.

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