The opening ceremony of the 5th China International Import Expo (CIIE) kicked off in Shanghai on Friday.

Chinese President Xi Jinping delivered a speech via video at the opening ceremony of the 5th CIIE and the Hongqiao International Economic Forum. The following are some highlights of the speech.

China Int'l Import Expo a public good for the world

The CIIE has become a showcase of China's new development paradigm, a platform for high-standard opening-up, and a public good for the whole world, President Xi Jinping said Friday.

Five years ago, China decided to hold the CIIE for the very purpose of expanding opening-up and turning its enormous market into enormous opportunities for the world, Xi said.

China to create new opportunities for the world with its own development

China will strive to create new opportunities for the world with its own development, Chinese President Xi Jinping said Friday.

"We will amplify the interplay between domestic and international markets and resources, strive to create new opportunities for the world with our own development, and contribute our share to building an open global economy," he said. 

China to share opportunities in its vast market

Chinese President Xi Jinping said on Friday that China will work with all countries and parties to share the opportunities in its vast market.

"We will step up efforts to cultivate a robust domestic market, upgrade trade in goods, develop new mechanisms for trade in services, and import more quality products," Xi said.

Efforts will also be made to establish pilot zones for Silk Road e-commerce cooperation and build national demonstration zones for innovative development of trade in services, in order to encourage innovation in trade and promote high-quality Belt and Road cooperation, he added.  

China to share opportunities from its institutional opening-up

China will work with all countries and all parties to share the opportunities from its institutional opening-up, President Xi Jinping said.

China will steadily expand institutional opening-up with regard to rules, regulations, management and standards, put into full effect the new Catalogue of Encouraged Industries for Foreign Investment, and further develop the national integrated demonstration zone for greater openness in the service sector, Xi said.

"We will implement the strategy to upgrade pilot free trade areas, accelerate the Hainan Free Trade Port development, and tap into their role as pilot platforms for comprehensive reform and opening-up," said Xi. 

China to share opportunities from deepened international cooperation

President Xi Jinping said on Friday that China will work with all countries and all parties to share the opportunities from deepened international cooperation.

"We will engage fully and deeply in WTO's reform negotiations, promote trade and investment liberalization and facilitation, and enhance international macro-economic policy coordination, with a view to jointly fostering new drivers for global growth," Xi said.

China will endeavor actively to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the Digital Economy Partnership Agreement to expand the globally-oriented network of high-standard free trade areas, Xi said.

The country will also firmly support other developing countries and assist them in growing faster, and promote the building of a community with a shared future for mankind, Xi added.