On the morning of November 6, Yu Jianhua, Vice Minister of Commerce and Deputy China International Trade Representative, attended and spoke at the China Europe CEO Summit, a sideline event of the third China International Import Expo (CIIE) hosted by the Industrial and Commercial Bank of China. At the event, Luxembourg Prime Minister Xavier Bettel delivered a video speech, and Austrian Consul-General in Shanghai Brigitte Robinson-Seyrlehner, entrusted by Austrian Chancellor Sebastian Kurz, spoke in person. Also attending the summit were over 600 representatives from Chinese and European business communities.
Yu Jianhua said, “President Xi Jinping highlighted at the opening ceremony of the third CIIE China’s commitment to expanding opening-up on all fronts and willingness to share its market opportunities with the rest of the world and contribute to global economic recovery. This year, Chinese and European leaders have exchanged multiple phone calls and reached important consensus, laying a solid political basis for China-Europe practical cooperation. Despite the pandemic, our economic and trade relations are resilient and close enough to promise a bright future. In the first three quarters this year, our bilateral trade was among the first to recover, and the decrease of mutual investment has been narrowing.”
Yu Jianhua pointed out, “As China is fostering a new development paradigm with domestic cycle as the mainstay and domestic and international cycles reinforcing each other, we encourage Chinese and European entrepreneurs to seize the opportunities it provides, and play a positive role in China-Europe economic and trade cooperation. Both Chinese and European businesses should support economic globalization and oppose unilateralism, protectionism, and attempts to politicize economic and trade issues; facilitate high-quality development of China-Europe economic and trade relations; uphold global industrial and supply chains that connect the massive markets of China and Europe’s; lead cooperation in innovation; and promote green development for mutual benefit and win-win outcomes in addressing climate change.”
The Initiative for Supporting China-Europe Trade and Investment Cooperation, endorsed by Chinese and European businesses, was released at the summit, which calls for efforts from the business community to bring China-Europe economic and trade cooperation to a higher level.