Xi invites world to share dividends of an even more open China

The China International Import Expo to be held at Shanghai's National Exhibition and Convention Centre, will feature over 3,000 firms from more than 130 countries and regions this year. The firms will showcase goods and services they hope

"At the moment, the lack of internal reform, plus the external pressure made by the Trump administration and the trade dispute behind the USA and China may put on hold further investment from European countries into Chinese markets", D'Andrea said.

Organisers say more than 3,000 foreign companies from 130 countries including the United States and Europe are present, including General Motors, Ford, Microsoft, Samsung, Walmart and Tesla.

Trump is expected to meet Xi this month, but has said that if a deal is not made with China, he could impose tariffs on another US$267 billion in Chinese imports into the US. The report also highlights that, between 2014 and 2017, the number of shoppers on Alibaba's dedicated platform for cross-border shopping, Tmall Global, has grown ten-fold. Considered the largest mercantile showcase in the world, the first edition of the CIIE will feature three main events: the Management and Business Exhibition, the Trade and Investment Pavilion by Nations and the Economic and Commercial Forum of Hongqiao; as well as more than 100 support activities, the organizers explain in their digital site.

"It will be a chance for our SMEs to experience direct contact with China and to identify the market potential there", said Bettin, adding that "if this first edition goes well, we expect to bring many more Italian companies to the next edition, and we hope that the CIIE will become a reference point for our SMEs in years to come".

The inaugural China International Import Expo (CIIE), slated for November 5-10 in Shanghai, comes at the right time.

China would also create a punitive compensation system for offenders of intellectual property rights and open more sectors of its economy to foreign investors, the Chinese president said, listing such sectors as services, agriculture, mining, manufacturing, telecommunications, and culture.

The American president has this year targeted allies and adversaries alike, threatening tariffs on all of China's exports, proposing levies on European car-makers and saying he could leave the WTO, which he has described as "unfair".

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Kenyan President Uhuru Kenyatta voiced the foreign impatience when he told the opening ceremony that his country´s growing trade with China was "heavily skewed" in Beijing´s favour. "Trade is to communicate.nobody can stop free trade".

China's imported goods and services are estimated to exceed US$30 trillion and US$10 trillion, respectively, in the next 15 years.

"To use a metaphor, the Chinese economy is not a pond, but an ocean.

China will push forward multilateral and bilateral cooperation in pursuit of development", he said.

Through the expo China is trying to convey an image that it is not only interested in importing away materials and crude oil from other countries but also consumer products that in particular appeal to the country's 400 million "middle-income" residents.

Mr Trump has repeatedly criticised China's trade surplus with the USA which he wants to narrow through the imposition of tariffs. "Global trade and investment are driven by the need of countries for mutual exchange and complementarity", he added.

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