China
07:38, 25-Dec-2018
2018 in review: China's new public good
Updated
06:43, 28-Dec-2018
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Amid a gloomy world economy overshadowed by the U.S. withdrawal from the multilateral trading system, China opened the inaugural international import expo in Shanghai in early November, marking a further step on its opening-up path.
The five-day China International Import Expo (CIIE) brought over 3,000 foreign firms from 130 countries and regions, which presented fascinating exhibits ranging from flying cars to bio-toilets and diamond-crusted shoes to presbyopic glasses. The CIIE concluded with prospective deals worth around 57.8 billion U.S. dollars.
The expo is widely viewed as a global public good deed that China is providing to the world, in hopes of sharing its prosperity by cementing ties with the rest of the world.