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Back(Ninth China International Import Expo) Guangxi uses the CIIE platform to invite global businessmen to increase investment
(Ninth China International Import Expo) Guangxi uses the CIIE platform to invite global businessmen to increase investment
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中国新闻网1 hour agoBusiness5 min readChinaView original

(Ninth China International Import Expo) Guangxi uses the CIIE platform to invite global businessmen to increase investment

Global business representatives discussed using the Pinglu Canal and Guangxi’s location advantages to develop markets in southwest China and ASEAN during the seventh China International Import Expo

Quick Look

  • At the Seventh China International Import Expo held in Shanghai, Guangxi demonstrated the construction results of the Pinglu Canal, attracting the attention of companies from Australia, Japan, France, Hong Kong and Macao.
  • Merchants from many countries expressed their optimism about the logistics and trade opportunities brought by the Pinglu Canal, and planned to increase investment and supply chain layout in Guangxi.

AI-generated summary

Why It Matters

The Pinglu Canal is the backbone project of the New Western Land-Sea Corridor, aiming to realize river-sea combined transportation. As an important platform for China's opening up to the outside world, the CIIE is often used by local governments to attract investment.

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China News Service, Shanghai, November 7 (Yin Qianyun Lin Hao) "Our company is a 'full-time student' of the China International Import Expo. Since participating in the exhibition in 2018, the sales of honey and other agricultural products have steadily increased in the Chinese market. This year, the opening of the Pinglu Canal has provided a new channel for Australian minerals and agricultural products to enter the Chinese market. We hope to use Guangxi's location advantages in the future to sell more products to the vast market in southwest China." He Yizhou, global senior vice president of Australian Capital Investment Company and CEO of Greater China, said recently.

During the 9th China International Import Expo (CIIE for short) held in Shanghai, Guangxi, with the theme of "Strengthening to the Sea", brought more than 100 specialty products from 47 companies to the exhibition, and promoted the Pinglu Canal physical sandbox to enter the China National Pavilion to showcase the results of the construction of the New Western Land-Sea Corridor to global merchants. Guangxi also organized business matchmaking negotiations and held a series of activities such as the "Invest in Guangxi Facing ASEAN" Guangxi (Shanghai) Investment Matchmaking Conference, inviting businessmen from all over the world to increase investment and share the new business opportunities of the Pinglu Canal navigation.

He Yizhou said that Guangxi and the "Regional Comprehensive Economic Partnership Agreement" (RCEP) countries are geographically close and have accumulated a foundation of mutual trust in long-term exchanges. Next, more Australian companies will be encouraged to visit Guangxi for inspections to achieve win-win cooperation.

Cai Zhuosi, president of the ASEAN region of Hong Kong Xinhua Group and executive vice chairman of the Guangdong-Hong Kong-Macao Greater Bay Area Entrepreneurs Alliance, also said that the CIIE is China’s window for opening up to the world for cooperation. This event will allow more entrepreneurs in the Greater Bay Area to see the business opportunities after the opening of the Pinglu Canal. They look forward to taking advantage of Guangxi’s abundant resources of ASEAN minority language talents and cross-border industrial service teams to develop the ASEAN and southwest China markets.

"We will explore the implementation of cross-border trade, digital economy and big health supply chain projects in Guangxi, build a dual-cycle model of 'Guangxi hub + ASEAN implementation', and create a 'one-stop' overseas service platform from sample display, order matching, cross-border logistics to overseas operations," Cai Zhuosi said.

In recent years, with the help of the CIIE platform and the opportunity of the effective implementation of RCEP, Reishi Kawahara, vice president of the Japan Chinese General Chamber of Commerce and chairman of Nikki Logistics Group, has greatly shortened the time for express shipments to be detained at Sino-Japanese ports through customs electronic document pre-processing and independent declaration of origin and other economic and trade rules. The improvement in logistics efficiency has led to a steady increase in the number of orders received by his company.

Reishi Kawahara is also optimistic about the opportunity of the navigation of the Hiroku Canal to connect rivers and seas. He plans to organize Japanese logistics and trading companies to conduct on-site inspections in Guangxi to encourage more Japanese companies to include Guangxi as a node in the supply chain.

Xiao Wei, head of the strategic consulting department of CBRE Group in China, also said that he hopes to leverage the company's resource advantages in global logistics and port industries to help Guangxi build the Pinglu Canal Economic Belt and promote the development of the China (Guangxi) Free Trade Pilot Zone.

Huang Xiaojun, global senior vice president of French Veolia Group and general representative of China, said that China is a key market for the company to take root in the long term. Currently, Guangxi is promoting the development of high-end, intelligent and green manufacturing. Veolia is willing to introduce mature technologies and experiences such as advanced treatment of industrial wastewater and standardized disposal of hazardous waste into Guangxi to assist local industrial park enterprises to improve resource utilization and help the industry reduce carbon, reduce costs and increase efficiency.

Liao Pinhu, deputy provincial cadre of the Guangxi Zhuang Autonomous Region, said that Guangxi is the only province in China connected to ASEAN by land and sea. It has the advantage of a logistics hub with the Pinglu Canal connecting the river and the sea and the openness advantage of overlapping platforms. Currently, Guangxi is focusing on building modern pillar industries such as non-ferrous metals and key metal materials, artificial intelligence and new generation information technology, new energy vehicles and batteries. It is hoped that businessmen from all over the world will work with Guangxi to write a new chapter in Xianghai's economic development, share new opportunities for investment and business, and jointly build a China-ASEAN coordinated development ecosystem.

What to Watch

AI outlook — possibilities, not facts

  • Guangxi will organize more on-site inspection activities for ASEAN, Japanese and Australian companies.

    Likely · Within months

Open Questions

  • What is the specific navigation timetable and capacity planning of the Pinglu Canal?
  • What is the specific scale of foreign-invested projects to be implemented in the future?

Related Topics

This article was originally published by 中国新闻网.

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