Excerpt of Foreign Ministry Regular Press Conference on November 11, 2020

Q: The 3rd China International Import Expo ended yesterday. With the ongoing pandemic looming in the background, all participants in the 3rd CIIE still demonstrated great enthusiasm, as they reached intended deals worth US$ 72.62 billion, an increase of 2.1 percent over the same period last year. The 3rd CIIE really delivered an outstanding result. What do you think of that?

A: Despite the COVID-19 pandemic that has delivered a serious blow to the development of various countries and the world economy, the 3rd CIIE outperformed the previous two ones in terms of economic and trade cooperation results. It can be said that the goal of "continued success" has been achieved.

The 3rd CIIE has sent a clear signal that China will unswervingly expand its opening-up for win-win outcomes. As China's Foreign Investment Law, its Implementing Regulation and various other supporting documents took effect this year, the items on the national negative list for foreign investment have been cut from 40 to 33. The number of pilot free trade zones has increased from 18 to 21. The Master Plan for the Development of Hainan Free Trade Port and the Implementation Plan for Further Reform and Opening-up in Shenzhen have both been released and taken effect. At the opening ceremony of the Expo, President Xi Jinping announced a series of important measures to expand opening-up, such as introducing a negative list for cross-border trade in services and shortening the catalogue of technologies prohibited or restricted from import, indicating that China's door to the outside world will become more and more open.

The 3rd CIIE, with participants overcoming various difficulties to get together and seek opportunities, also conveyed the firm confidence of all countries to strengthen cooperation and promote the world economic recovery. Several hundred enterprises have signed up to participate in the 4th CIIE, fully demonstrating their positive expectations for China's economic development and world economic recovery. We believe that as long as all countries adhere to the right direction of openness and cooperation, the day will come sooner when we will be able to overcome the impact of the pandemic and ensure the on-track development of the post-COVID world economy.

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