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New Platform, New Opportunities
Article by H.E. Ambassador Liu Guangyuan published on Polish Market
2018/11/01

THE FIRST CHINA INTERNATIONAL IMPORT EXPO IS A MAJOR EFFORT TO FURTHER OPEN UP TO THE WORLD

In November 2018, China will host the first China International Import Expo (CIIE) in Shanghai, which embodies her major effort to further open up to the world and her strong support for economic globalization.

It is especially noteworthy that China, as a developing country, is organizing an event that is entirely focused on imports. It will be a unique opportunity for all participat- ing countries to explore business bonds in China and extend new cooperation, which we firmly believe will play an active role in promoting global trade and stimulating com- mon development.

Poland, as China's major partner in CEE region as well as strong promoter of export to China, will play an important role during this Expo. China warmly welcomes Polish business participation and hopes that this event will serve as a good opportunity for Polish companies to introduce their high-quality products and services to the Chinese market and build up their brand in China as well as in the world.

CHINA-POLAND ECONOMIC COOPERATION KEEPS BRINGING FRUIT

As the biggest economy in CEE countries and important EU member, Poland is one of the first European countries to join the Belt and Road Initiative, one of the founding members of Asian Infrastructure Investment Bank and active participant in the "16+1" framework.

Between 2015-2016, our presidents exchanged visits within half a year. China and Poland established Comprehensive Strategic Partnership. By seizing opportunities from the Belt and Road Initiative and "16+1" for- mat we actively promote practical cooperation for our people's wellbeing. Over the past years, our cooperation has made strides in many areas such as trade, investment, finance and connectivity. For example, last year, 741 China Railway Express trains passed through or arrived in Poland and Chinese container shipping company Cosco launched its new shipping line to Gdansk. At the same time, there are seven direct flights per week between Warsaw and Beijing operated by LOT and Air China. A number of Chinese banks have set up branches in Poland, funding more than US$2 billion to Polish economy. At the same time, there are more and more facilitation initiatives which promote bilateral cooperation in finance, trade and personnel exchanges areas.

The nature of cooperation between China and Poland is based on mutual benefits. Speaking about Poland, first of all interconnections underline Poland's superior geographical location, and strengthen her role as a hub connecting East and West. Secondly, China-Poland trade helps consolidate and enhance Poland's industrial competitiveness in the EU, maintain her status as a manufacturing center. Thirdly, Chinese-funded enterprises in Poland support innovative R&D projects and focus on talents training. According to (incomplete yet) statistics, Chinese investors have created more than 20,000 jobs in Poland, with local employment rate over 95%. Liugong, Huawei, Hongbo, TCL and other Chinese companies have set up R&D centers or joint research centers, bringing to Poland advanced technology and high-quality jobs.

NEW OPPORTUNITIES WE EMBRACE FOR DEEPER CHINA-POLAND COOPERATION

This year marks the 40th anniversary of China's Reform and Opening-up Policy. Poland will celebrate the centennial of regaining independence. Both China and Poland are at a key stage of development. Forty years ago, China's GDP was US$175 billion. Today, it is more than US$12 trillion, an increase of 68 times. China today is the world's second largest economy, largest manufacturing economy, largest holder of foreign exchange reserves. In recent years, China's economy has been growing at an average annual rate of 7.1%, contributing more than 30% to the global economic growth.

As China attaches great importance to expanding cooperation, the Belt and Road Initiative, whose main goal is to promote win-win cooperation between its participants, has been proposed. Meanwhile, China encourages business startups and innovation by developing emerging industries such as big data, cloud computing, artificial intelligence, clean energy and bio-medicine, creating new business models such as sharing economy and digital economy, and upgrading traditional manufacturing sector and service sector.

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