For many years, China has occupied the pole position in international trade rankings as the world's biggest exporter.
For all practical purposes, Iran has been driven to a corner since the United States withdrew from the 2015 Iran nuclear deal and re-imposed sanctions on the Middle East country. The first phase of sanctions targeting Iran's non-energy trade went into effect on Aug 6. In the second phase, the Trump administration announced on Friday that it will reimpose sanctions on Iran that were lifted under the historic Iran nuke deal.
The phone talk between President Xi Jinping and US President Donald Trump on Thursday was probably the most positive signal in the past months in China-US relations haunted by tit-for-tat tariff retaliations and concerns over a new Cold War.
The stories behind three of the foreigners who were conferred the Shanghai Magnolia Silver Award this year, Alywin Chew reports.
From the revamp of landscape lighting along a 20-kilometer section of the Huangpu River, to the training of 5,000 volunteers ready to greet the crowds, Shanghai is ready to impress the world with the inaugural China International Import Expo.
China Mobile, China Telecom and China Unicom said that they have completed the expansion of their wireless communication capabilities, which would allow 300,000 people, the estimated daily maximum, to access the internet at speeds of up to 170 megabits per second using their mobile gadgets at the National Exhibition and Convention Center (Shanghai), the host venue of the upcoming CIIE.
Hotels adjacent to the National Exhibition and Convention Center (Shanghai), the venue for the CIIE, have seen an unprecedented volume of bookings from overseas visitors heading to the event.
The CIIE is a very important and positive signal to all participants in the market that China wants to have an open international trade environment, open trade policies, and a fair, competitive market. We can use this opportunity to have more collaboration with partners, and we can see the further opening-up of the Chinese domestic market for import. Today, we are a very localized company, manufacturing products in China and exporting to other countries. We will continue this process.
Editor's Note: The upcoming China International Import Expo shows China's determination to expand its opening-up for deeper economic exchange and communication with the rest of the world. China Daily interviewed top executives of well-known multinational companies for their views on the expo and China's further opening-up. For this issue, we talk to Leon Wang, executive vice-president at AstraZeneca.
Digitalization is a key enabler, a unique driver of China's economic transformation, and is creating huge opportunities for companies from both China and abroad, according to a chief executive from Microsoft.
The country's micro, small and medium-sized enterprises are benefiting from timely support as banks have adopted measures to increase lending to smaller businesses.
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