CCTV.com - CNTV English - CCTV News

Shanghai World Expo boosts China's trade

08-18-2010 09:31 BJT Special Report:Shanghai World Expo 2010 |

Watch Video

Play Video

The ongoing Shanghai World Expo has not only created a visitor boom for China, but is also expected to boost the nation's foreign trade. A non-governmental foreign trade organization made the forecast, saying this will be realized through better understanding between China and the world.

China's foreign trade has expanded rapidly over recent decades. But the nation has also encountered increasing trade barriers worldwide and trade disputes one after another. This has been especially the case amid the global financial crisis.

Vice Chairman of the China Council for the Promotion of International Trade said the Shanghai World Expo will help solve the problem. It wants to provide a platform for better understanding between China and other countries.

Wang Jinzhen, Vice Chairman of China Council for the Promotion of Int'l Trade said "The World Expo provides overseas delegations an opportunity to negotiate with their Chinese counterparts face-to-face. This will help both sides to get to know each other, and in turn, create a sound trade environment."

More than 190 countries are participating in the World Expo. Participants have already taken advantage of the platform to enhance trade ties with China.

Wang Jinzhen said "Since the beginning of Expo, we have seen participants use every opportunity to boost trade cooperation with China. They cover areas like commodity trade, services and the financial sector. Chinese provinces, municipalities and cities have also initiated activities to seek further trade agreements. So I believe the event will further enhance China's economic and trade relations with foreign countries."

China's foreign trade volume in the first seven months grew around 40 percent, to reach over 1.6 trillion U.S. dollars. The trade surplus contracted 21 percent, as growth in imports outpaced exports during the period.

Wang Jinzhen expects an upward trend in import growth, with the government's pro-consumption measures domestically.

Editor:Xiong Qu |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program