Openness and Cooperation for a Shared Future
– Keynote Speech at the Opening Ceremony of the Second China International Import Expo
H.E. Xi Jinping, President of the People’s Republic of China
Shanghai, 5 November 2019
Your Excellency President Emmanuel Macron,
Your Excellencies Prime Minister Andrew Holness, Prime Minister Kyriakos Mitsotakis, and Prime Minister Ana Brnabić,
Your Excellencies Speakers of Parliament,
Your Excellencies Heads of International Organizations,
Your Excellencies Heads of Delegations,
Ladies and Gentlemen,
In this lovely season tinted with deep autumn hues, it gives me great pleasure to get together with you by the Huangpu River. I now declare open the second China International Import Expo!
At the outset, on behalf of the Chinese government and people as well as in my own name, a hearty welcome to all the distinguished guests from afar! To the many old and new friends gathered here from across the world, I give you my warm greetings and best wishes!
A year ago in this same place, the inaugural China International Import Expo was successfully held. Today, we are happy to be joined by even more friends in the second Expo that carries on the theme of “New Era, Shared Future”. I trust that you will all find your participation in the event worthwhile and rewarding!
Ladies and Gentlemen,
At last year’s Expo, I announced the initiatives China was to take in the five areas of further opening-up and spelt out three specific steps for Shanghai to open wider to the world. One year on, these initiatives and steps have been by and large put in place. The Shanghai Pilot Free Trade Zone now has a Lingang special area, and six other new pilot free trade zones have been set up in other provinces of the country. The Shanghai Stock Exchange launched a sci-tech innovation board, with a registration system being piloted for the listing of companies. In the Yangtze River Delta area, a plan for integrated development of the region has been introduced as a national strategy. At the national level, a Foreign Investment Law will enter into force on 1 January next year. A management system combining pre-establishment national treatment and the negative list has been effected nationwide. Major progress is being made in increasing imports to boost consumption and in bringing down the tariff level. For last year’s Expo, during my bilateral events with foreign leaders, 98 initiatives were agreed upon, of which 23 have now been completed, 47 are making good progress, and 28 are on track of steady implementation.
Ladies and Gentlemen,
Economic globalization represents the trend of history. Like the world’s great rivers, the Yangtze, the Nile, the Amazon and the Danube – they all surge forward in relentless flow, and nothing can stop their mighty movement, not the current of undertows or hidden shoals or rocks beneath the water.
Of the problems confronting the world economy, none can be resolved by a single country alone. We must all put the common good of humanity first rather than place one’s own interest above the common interest of all. We must have a more open mindset and take more open steps, and work together to make the pie of the global market even bigger. We need to strengthen the mechanisms for sharing benefits globally, and explore new ways of international cooperation. The goal is to give more impetus to economic globalization and remove impediments as much as we could.
For that to happen, I want to propose the following:
First, let us work together to build an open world economy through cooperation. As global value and supply chains continue to develop, countries are inter-connected with each other, and integration of their economy is the order of the day. Distances between countries are getting shorter, and interactions among countries are growing, hence the probability of differences and frictions. The right solution lies in consultation and cooperation. All problems could be settled in the spirit of equality, mutual understanding and accommodation. We need to promote development through opening-up and deepen exchanges and cooperation among us. We need to “join hands” with each other instead of “letting go” of each other’s hands. We need to “tear down walls”, not to “erect walls”. We need to stand firm against protectionism and unilateralism. We need to continually bring down trade barriers, optimize global value and supply chains, and jointly foster market demand.
Second, let us work together to build an open world economy with innovation. Innovation-driven development is essential to sustained growth of the world economy. What we are seeing is a new round of scientific and technological revolution and industrial transformation. It has reached a historic juncture when major breakthroughs are within sight. Countries need to step up cooperation in innovation. We need to facilitate integration of science and technology with economic growth, and increase the sharing of innovation results. We need to remove barriers that hamper the flow of knowledge, technology, talents and other factors of innovation, and support our businesses in technical exchanges and cooperation on their own accord. This is a way to unleash the potential for innovation. And, to benefit mankind with the better use of knowledge, we need to tighten the protection of intellectual property. The least desirable is for us to stifle the flow of knowledge, or to create or even widen the technology divide among us.
Third, let us work together to build an open world economy for mutual benefits. We need to work toward the vision of inclusive and mutually beneficial development. We need to work together to safeguard the international order underpinned by the purposes and principles of the UN Charter, uphold the core values and basic principles of the multilateral trading system, promote trade and investment liberalization and facilitation, and make economic globalization more open, inclusive, balanced and beneficial to all. We need to work in real earnest to implement the UN 2030 Agenda for Sustainable Development and increase support for the Least Developed Countries so that the benefits of development will reach more countries and peoples.