In May 2017, Chinese * Jinping announced at the Belt and Road Forum for International Cooperation that China would hold China International Import Expo (CIIE) starting from 2018. On November 5, 2018, the Shanghai Import Expo, was held in the national convention and exhibition center —Shanghai. It is the first China international import expo and the world's first major import expo at the national level. It is a significant move to demonstrate the fully support of the Chinese government for trade liberalization and economic globalization. More importantly, by holding the import expo, China sends a clear and strong message to the outside world that China has opened its domestic market to all countries in the world.
The term balance of trade tells us that most countries would like to achieve a favorable balance where they would like their exports exceed their imports. CIIE is the first major import expo held in the world is because most countries would like to hold an export expo rather than an import expo.
Then why does China hold a first import expo? Remember, international trade is closely related, not only to economics, but also to politics, history and culture of a given country. Therefore, it is necessary to put all these factors into consideration to have a better understanding of a country’s trade policy.
If we want to explore the reasons behind CIIE, there are few points worth considering and comparing:
“The Belt and Road” initiative: This initiative wants to invite all the poorer developing countries, such as those in Asia and Africa to participate in world trade. OBOR is a Chinese solution of oriental wisdom designed to pursue common prosperity and development. China opens its market to them, imports merchandize from them and builds roads and railways there to improve their infrastructure facility and communication.
The ancient Silk Road and Zhen He’s Expedition: The ancient Silk Road is a great treasure of history not only for China and for the whole world. Also think about Zhen He’s expedition. From 1405 to 1433, Zhen he set his voyage travelling seven times to Southeast Asia and across the Indian Ocean. He travelled as far as the most southern place of Africa. What Zhen He brought to these countries are friendly exchange of commodities, communication between cultures and good will and peace. Through these Silk Road and Expedition, China never sought to create any military presence there and set up colonies.
The Origin of the western globalization: Columbus and his crew set out from Europe in 1492 and discovered the New World. In the same year, Spain gave Christopher Columbus his commission of exploration. According to some experts, 1492 saw the first period of globalization which lasted until the early 1800s. During this period, Spanish pirates began to bring gold, silver, and other treasures from the New World back to Spain. Britain colonized India, Portugal and East Asia.
After this comparison, we can come to this conclusion that there are two kinds of globalization: one is to colonize the world for one’s own selfish interests; the other is to integrate the world resources for mutual benefits. China has achieved rapid economic growth and development over the past few decades. What China wants to do is, as put by Chinese * Jinping, to have other countries, especially the economically backward ones along the “The Belt and Road” , to “get on the fast train of China’s development”.
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