China to hold an­other im­port expo in Novem­ber

Sun.Star Pampanga - - BUSINESS! - (PNA)

BEI­JING – China will host again this year its buy­ing expo in Novem­ber, Min­is­ter of Com­merce Zhong Shan an­nounced here.

Zhong said Bei­jing will stage the 2nd Chi­nese In­ter­na­tional Im­port Expo (CIIE) from Novem­ber 5 to 10 af­ter its suc­cess­ful launch­ing last year.

He said this year’s CIIE will be larger than the first one, ex­pand­ing the expo area to 330,000 square me­ters from 300,000 sq. m. in 2018.

He added that just like the launch­ing of the CIIE, this year’s expo re­ceived huge in­ter­ests from dif­fer­ent coun­tries that tar­gets to sell more in the Chi­nese mar­ket.

CIIE only hosts for­eign en­ter­prises seek­ing to sell to the Chi­nese mar­ket. No Chi­nese man­u­fac­tur­ers are al­lowed to par­tic­i­pate in the expo.

This is part of the Chi­nese gov­ern­ment’s ini­tia­tive to im­port some USD5 tril­lion worth of goods and ser­vices world­wide within a five-year pe­riod.

“The CIIE is an in­ter­na­tional plat­form estab­lished to main­tain the mul­ti­lat­eral trad­ing sys­tem and sup­port eco­nomic glob­al­iza­tion. It is also an ef­fec­tive ve­hi­cle to pro­mote qual­ity eco­nomic de­vel­op­ment and meet the needs of busi­nesses for progress,” Zhong said in a press con­fer­ence here over the week­end.

Zhong men­tioned that due to large in­ter­est to the expo, slots to the buy­ing show are nearly fully-booked.

It was noted that last year, due to over­book­ing by in­ter­ested par­tic­i­pants, the Philip­pine del­e­ga­tion was left with two booths out of more than 100 booths they booked for the CIIE.

Since the or­ga­nizer was able to ex­pand the ex­hi­bi­tion area, the Philip­pines was able to get close to 50 booths and one na­tional pav­il­ion.

Philip­pines booths’ sales at the first CIIE amounted to USD124 mil­lion, ex­ceed­ing its USD50-mil­lion tar­get.

More­over, the Chi­nese com­merce min­is­ter noted that there is a high de­mand for health­care prod­ucts and ser­vices in China as its gov­ern­ment strength­ens this sec­tor.

Zhong said around 8.5 mil­lion peo­ple are be­ing added yearly in China’s aged pop­u­la­tion.

Health­care ser­vice also faces chal­lenges, with gap be­tween health­care ser­vice’s de­mand and sup­ply stood at around 2 mil­lion beds, said Zhong.

He added that it is also “very dif­fi­cult” to find health­care ser­vice pro­fes­sion­als in the do­mes­tic mar­ket, even if there is sur­plus in num­ber of work­force in the coun­try­side, as it is “dif­fi­cult to move them to cities”.

Zhong noted that health­care sec­tor is where the Chi­nese gov­ern­ment will seek op­por­tu­nity to co­op­er­ate with other coun­tries.

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