From Vision to Action: CIIE Empowers Global Development Through Inclusive Cooperation
Shanghai, China, June 26, 2025 -- Amid growing global uncertainty and anti-globalization sentiment, the China International Import Expo (CIIE) remains a vital platform for openness and cooperation. A UN-hosted event in Geneva on June 25, themed 'Working Together to Implement the UN 2030 Agenda—How China International Import Expo Helps,' showcased its role in fostering inclusive growth.
At the event, representatives from dōTERRA, and Warmpaca shared how the CIIE has opened doors for them in the Chinese market. Since 2018, dōTERRA has partnered with Guizhou through the CIIE, using innovation to boost the value of traditional Chinese plants and raise local farmers' incomes. Warmpaca made its breakthrough at the inaugural CIIE. By partnering with over 1,000 families to produce handmade alpaca wool goods, it has successfully expanded into both the Chinese and global markets—creating jobs and empowering local communities along the way.
As the expo approaches, preparations have entered a new and dynamic phase. On May 22, a dedicated matchmaking event was held in Chongqing, bringing together nearly 40 exhibitors and over 110 local buyers. The event laid a solid foundation for deeper cooperation in the lead-up to the CIIE. To date, an exhibition area of over 280,000 square meters has been booked for this year's CIIE. This year, the exhibition layout has been further optimized to spotlight innovation, advanced technologies, and cutting-edge services.
Building on this momentum, the upcoming China-Central Asia Summit will boost exchanges and cooperation. As regular participants in the CIIE, Central Asian countries have continued to strengthen ties with China through this key platform. For instance, at the seventh CIIE, Kazakh businesses took part in an unprecedented scale, presenting a broader range of high-quality products to the Chinese market.
The upcoming eighth CIIE is set to attract a broader spectrum of exhibitors, professional buyers and visitors across sectors. Meanwhile, the HQF will serve as a key venue for dialogue on open economies and inclusive globalization. For more information, visit CIIE official website: https://www.ciie.org/zbh/en/
Contact Info:
Name: CUI Yan
Email: Send Email
Organization: China International Import Expo
Website: https://www.ciie.org/
Release ID: 89163154
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Hamilton Spectator
an hour ago
- Hamilton Spectator
For Mark Carney, every decision has trade-offs — but that's not slowing him down
OTTAWA—If there is a Carney 'doctrine' taking shape more than 100 days into the prime ministership of Mark Carney, maybe it is this: get it done, and damn the details. A few short months ago, Carney was blunt: 'I am a pragmatist above all. So when I see something that's not working, I will change it.' That's what the former central banker and UN climate finance envoy said when he captured the Liberal party leadership to replace Justin Trudeau. He went on to win the 2025 federal election on his outsider's pitch to rescue the economy from the threat of Donald Trump's tariff war. Pragmatism was how he justified abrupt domestic moves: ditching the consumer carbon tax, reversing capital gains tax hikes, and lowering income taxes while jamming 'nation-building' red-tape-cutting bills through Parliament to juice the economy. Pragmatism helps explain why, in his single mandate letter to cabinet ministers, Carney told them, 'We must redefine Canada's international, commercial, and security relationships.' But in an era where Trump is the one defining Canada's closest relationship, it's not clear if Carney's pragmatism can win over the U.S. president's chaos. On Friday, the unpredictable Trump cancelled talks towards a new deal with Canada, angry at Canada's deadline Monday for Big Tech giants to pay a digital services tax. Retroactive to 2022, it would collect $2.3 billion at first, and about $900 million yearly after that. Small potatoes compared to what Carney has already put on Canada's tab. In hopes of getting along with Trump, Carney in the past week promised to ramp up Canada's spending, along with NATO allies — all under intense pressure from the U.S. president — to a whopping $150 billion a year on military and related spending, a level almost unthinkable last year, as he vows to shift Canadian economic and security ties away from America towards Europe and beyond. In a spate of a few weeks, Carney signed what he calls a new economic, security and defence partnership with the European Union, increased aid to Ukraine, hosted a G7 summit where he offered backing of Trump's leadership efforts to end the Russia-Ukraine war and left a wide open runway for Trump to handle the Iran-Israel conflict as he saw fit. Carney defended his vow to lead where the U.S. does not, telling CNN it should be seen as a 'positive' not a negative reaction 'against' the U.S. or Trump. 'The way we would like to lead, the way European Union would like to lead, a number of Asian countries as well, is in a positive respect. If the U.S. is pulling back from multilateralism, as it is with respect to trade … effectively U.S. trade policy is now bilateral — if the U.S. is pulling back, there are others of us who do believe in multilateralism,' the rule of law, 'fair and open' trade, and in defence co-operation, said Carney. 'Do something,' seems to be the Carney mantra, said Kerry Buck, a former Canadian ambassador to NATO who welcomed the prime minister's commitment hit the new NATO military spending goal of five per cent of GDP. Although Justin Trudeau eventually committed to reaching the old NATO two per cent target at the end of last year's summit, he did so without a clear plan and with a 2032 timeline that was 'clearly going to damage our bilateral relations with the U.S. under Trump, where we're very vulnerable on trade,' said Buck, speaking before Trump's move Friday. In contrast, two weeks ahead of this week's NATO summit Carney accelerated action, said he'd hit two per cent this year, and at the summit adopted the bigger five per cent goal by 2035 with no hesitation. ' It was smart transactionally to do that. And I think in terms of content, it was also necessary,' Buck said. Others wonder how Carney is going to pay for it all. Questions remain about how the government will reach its two per cent promise this year, with the independent Parliamentary Budget Officer saying it can't verify Carney's plan to hit the old target. 'Some might start to think that he has a guns-before-butter kind of approach to foreign policy … a muscular foreign policy focused on defence,' but Buck said Carney had no choice, given it was 'our most vulnerable point' with the U.S. in ongoing trade talks. Forget the 'peace dividend' that Canada and other western allies hailed at the end of the Cold War, welcoming the ability to spend less on the military and more on social welfare systems. Now Carney and the other leaders challenged by Trump are embracing what NATO Secretary General Mark Rutte called a 'defence dividend,' claiming that spending five per cent of GDP on defence will create 'an engine of growth for our economies, driving literally millions of jobs on both sides of the Atlantic.' Carney echoed the claim, acknowledging higher military spending may one day entail federal spending trade-offs or sacrifices, but for now, 'more of it will help build our economy at the same time as it improves our defence. And we'll get the benefits.' There is more continuity than many think between Trudeau and Carney: Carney continued the imposition of counter-tariffs against the U.S. that Trudeau launched. But he has withheld tit-for-tat retaliation against the 50 per cent steel and aluminum penalties Trump levied pending the outcome of trade talks. Carney has continued Trudeau's staunch support for Ukraine and its embattled president Volodymyr Zelenskyy. Carney backs a two-state solution to the Israel-Palestine conflict, a ceasefire in Gaza, and went so far as to sanction two Israeli cabinet ministers. Like Trudeau, Carney believes government has a role and responsibility to address climate change. That Carney has moved swiftly on foreign and defence files is partly due to the flow of the international summits that coincided with his first two months after winning the April 28 election. It's also due to the urgency of the threat posed by the 'tariff' president in the White House. Carney, though, has a view of the larger global economic imbalances and the roles of China and the U.S. in those imbalances, that he shares with leaders like France's President Emmanuel Macron, and as they try to persuade Trump to drop tariffs, Carney seeks to position Canada's critical mineral, AI and quantum computing sectors for a world in which those imbalances continue. Janice Gross Stein said it is too early to describe a Carney 'doctrine' but it's clear 'the fundamental thing for him is that he, like everyone, is defining a path to dealing with a very different United States.' Carney is of necessity pursuing a new more predictable economic and security deal with the U.S. at a time of crisis , 'but it's an eyes-open arrangement,' Stein said. 'Yes, we need to diversify our partnerships — that's not a new idea in Canadian foreign policy … and yes,' Carney is focusing especially on Europe and like-minded states, and NATO, 'but that's built in to dealing with the more demanding United States.' Stein sees a pragmatic streak too in Carney's overtures to countries like China, India and Saudi Arabia. Carney identified China as the biggest threat to Canada's national security during the federal election. But in office, he's taken steps to thaw relations and ease Beijing's penalties on Canadian agricultural products. At the same time he is moving to block Chinese steel dumping via higher tariff rates against transshipment countries — in line with U.S. concerns. He rolled out a G7 welcome mat to India's Narendra Modi as a criminal investigation struggles to probe India's role in the killing of a Canadian Sikh in Surrey. And Carney invited Saudi Arabia Crown prince Mohamed bin Salman, the kingdom's de facto ruler, who declined to attend, in a week where the Saudi regime executed a journalist. Those three countries, China, India and Saudi Arabia are key economic players that are ignored at Canada's peril, said Stein. 'Where he's a pragmatist is in the recognition that every decision has trade-offs. You cannot make it a high priority to diversify your partnerships when you are the smaller next-door neighbour to a country that you are sending 75 per cent of your exports to and buying 75 per cent of everything that you buy in defence from that one country, which is the United States, and then continue to exclude others in the international community.' In parallel, said Stein, Carney is acting to ensure that Canada's economy is 'fit for purpose.' The bill to fast-track 'nation-building' development projects is part of that effort, as is his move to do 'important' consultation with Indigenous groups, but done simultaneously with other reviews, 'not sequentially,' she said. Carney is 'connecting defence, foreign policy to the Canadian economy because that's his comfort zone,' said Margaret McCuaig-Johnston, a senior fellow in the Graduate School of Public and International Affairs at the University of Ottawa. But she worries the emphasis on 'pragmatic' sends the wrong signal to countries like China, India or Saudi Arabia which will interpret it to mean Canada is ready to overlook human rights concerns in favour of doing business. Jonathan Berkshire Miller, director of foreign affairs, national defence and security policy at the Macdonald-Laurier Institute, said Carney is necessarily focused on 'two imperatives: mending the relationship with the United States and diversification from it.' And while Carney's experience gives him credibility in Washington 'where he is well known among economic and diplomatic elites,' Trump's second term makes traditional diplomatic approaches 'increasingly unrealistic,' he said. There is an inevitable geographic and economic reality, he said in a written response to the Star. 'America remains Canada's largest trading partner.' So rather than a drastic shift or severing of ties, he said, 'Expect, instead, a policy of pragmatic hedging: building multilateral ties while trying to be on balanced terms' with who is in the White House. For now, Carney may have some latitude, he believes. Increased defence spending can bring Canada greater strategic autonomy on Arctic sovereignty, cybersecurity and intelligence sharing. The narrow question is 'one of political will' where the requirements for sustained federal spending 'and public support' will be the big test, he said, particularly in an era where 'fiscal retrenchment' (Carney has vowed to bring the operating budget into balance) and 'domestic political division are the contemporary realities.' The broader question is whether Carney's pragmatic approach can secure both.


CNBC
an hour ago
- CNBC
China's suppressed crypto demand is spilling over into these stocks
China essentially banned cryptocurrencies years ago. Now that pent-up demand is finding an outlet in Hong Kong markets as local regulators eye the potential of stablecoins. Hong Kong-traded shares of Guotai Junan International nearly tripled in price Wednesday after becoming the first mainland Chinese-backed securities brokerage to obtain a license for virtual currency trading in Hong Kong . So many mainland-based investors bought the Hong Kong-listed stock that Guotai's total trading value ranked first on the exchange on Wednesday and Thursday, exceeding that of Alibaba, according to Wind Information. Guotai held onto second place on Friday, ceding the top trading spot to Xiaomi after its electric car launch Thursday night, the data showed. As a special administrative region of China, Hong Kong operates under different financial regulations and allows bitcoin trading. In late May, the region passed a stablecoin bill to formalize the process for financial companies to issue and manage virtual assets, primarily those that reference government-issued, or fiat, currencies. "We believe China's newfound interest in stablecoins is driven by concerns that legislation of U.S. stablecoins could extend dollar dominance," Morgan Stanley's Chief China Economist Robin Xing and a team said in a June 19 report. The People's Bank of China "is exploring HK as a sandbox for future payment alternatives," the firm said. While the analysts pointed out that Beijing has banned crypto transactions in mainland China since 2021 , PBOC Governor Pan Gongsheng's high-profile speech in mid-June "signals a pivot." Pan highlighted stablecoins and also noted how digital technologies have exposed weaknesses in traditional payment systems, the Morgan Stanley analysts pointed out. A growing trend among companies Other Chinese companies are jumping onto the trend. Hong Kong-listed financial services firm China Renaissance announced Thursday it plans to spend $100 million over the next two years to invest in cryptocurrency assets and to develop its business in the related Web3.0 realm. On the same day, the company also announced that Frank Fu, a former CEO of crypto exchange Huobi Americas, would join China Renaissance as an independent non-executive director . China Renaissance, also known as CR Holdings, saw its shares gain 20% last week. In the mainland, where stock trading is subject to more price restrictions, Shanghai-listed TF Securities saw gains of nearly 29% last week after it confirmed to investors Friday its wholly-owned subsidiary, TF International, also obtained a license in Hong Kong for virtual assets trading. TF Securities and popular financial information and brokerage company Eastmoney saw the largest turnover by share volume and price last week on the mainland exchanges, according to Wind data, although Eastmoney did not share any virtual assets-related business updates. Its stock climbed by about 11% in the last week. Watch for the drivers behind shares' recent surge The leap in Guotai shares over the past week reflects the market's positive expectations for stablecoin business, Li Dongfang, a Beijing-based finance blogger, said in Chinese, translated by CNBC. But the stock price surge is due more to investors pursuing emerging themes and following first-mover advantage, rather than a reflection of new business growth, Li said. He expects more brokerages to also get similar approvals for virtual asset business, and not see such large fluctuations in stock prices. Part of Beijing's impetus for banning crypto trading was an effort to control financial risks. Speculation takes on a different form with a population of 1.4 billion people. However, the macro trend is clear, if not accelerating. The New York-founded cryptocurrency conference Consensus expanded to Hong Kong this year with its first event in the region in February. Another Consensus event is planned for Hong Kong next year. Recent Chinese business news reports have also scrutinized the potential for stablecoins in Chinese sales of goods overseas via online platforms. They have also highlighted how a unit of Chinese e-commerce company along with Standard Chartered, are among those officially participating in Hong Kong's stablecoin project. "For China, ignoring this trend risks being left behind in the digital infrastructure race – especially as stablecoins increasingly function as bypass mechanisms to traditional banking networks," the Morgan Stanley analysts said.


Atlantic
2 hours ago
- Atlantic
The Iran-China-Russia Axis Crumbles When It Matters
As Israel and then the United States battered Iran this month, the reaction from China and Russia was surprisingly muted. For years, shared antagonism toward the U.S. has been pushing China, Russia, and Iran together. All three benefit from embarrassing the West in Ukraine and the Middle East, and widening the gaps between Washington and Europe. So after Israel's first strike, on June 13, China—the strongest partner in the anti-America triad—could have been expected to rush short-range missiles and other air-defense equipment to Iran. Surely, Beijing would use its growing diplomatic muscle to isolate Israel and the U.S., demand an emergency session of the United Nations Security Council, and introduce a resolution deploring the two governments that were attacking China's ally. Instead, recent events in Iran have revealed that anti-Americanism can bind an alliance together only so much. After ritually denouncing Israel's first strike as 'b razen ' and a ' violation of Iran's sovereignty, ' Beijing proceeded cautiously, emphasizing the need for diplomacy instead of further assigning blame. Chinese Foreign Minister Wang Yi refrained from condemning Israel's actions, in a call with his Israeli counterpart on June 14, and President Xi Jinping waited four days before calling for 'd e-escalation ' and declaring that 'China stands ready to work with all parties to play a constructive role in restoring peace and stability in the Middle East.' After Iran's parliament voted to close the Strait of Hormuz, Beijing's foreign-affairs spokesperson stressed—in what looked like a warning to Iran —that the Persian Gulf is a crucial global trade route for goods and energy, and called for partners to 'prevent the regional turmoil from having a greater impact on global economic growth.' In calmer times, China, like Russia, is happy to use Iran as a battering ram against the U.S. and its allies. But when tensions turn into military confrontation and global stability is at risk, backing Iran looks like a far less sensible investment to Beijing than preserving its own economic and diplomatic relations with the West. China's mild reaction isn't just a blow to Iran; it may also suggest that the much ballyhooed 'no limits' partnership between Xi and Russia's President Vladimir Putin might not be as sturdy as Moscow and Beijing advertise. Iran, Russia, and China have different ideologies, political regimes, and strategic aims. Iran's relations with its two larger partners are wildly asymmetric. China, for example, is Iran's lifeline. It buys about 90 percent of Iran's oil and supplies materials and technologies central to Iran's weapons development. Yet the trading relationship matters less to China, which gets only about 10 percent of its oil from Iran. Plus, China has an economy more than 40 times as large, and it does far more business with the U.S. and the European Union. Russia has interests that similarly diverge from Iran's, and it, too, has conspicuously refrained from coming to the Islamic Republic's aid. But China following a similar approach toward Iran likely does not please Moscow. Although Moscow's relations with Beijing are less lopsided than Tehran's are, Russia's economy is still less than one-eighth the size of China's. One-third of Russia's state budget comes from oil sales, and China is the largest customer by far. Russia also depends on Chinese supplies for its war machine. This past March, the G7 foreign ministers called China a ' decisive enabler ' of Russia's war in Ukraine. But should the Kremlin begin to run out of money or soldiers, China's willingness to bail out its ally is very much in doubt. Even among authoritarian regimes, differences in values can limit cooperation. In 2023, Xi called Russia's 1917 October Revolution a 'cannon blast' that 'brought Marxism-Leninism to China, demonstrating the way forward and offering a new choice for the Chinese people who were seeking a way to save China from subjugation.' Putin, despite his formative years in the Soviet-era KGB, now laments the fall of the Russian empire and describes Vladimir Lenin's coup as the deed of 'political adventurists and foreign forces' who 'divided the country and tore it apart for selfish benefit.' The head of China's Communist Party may resent Putin's reduction of its Russian counterpart—the country's second-largest party—to the status of another bit player in Russia's rubber-stamping parliament. Since World War II, leaders of Western democracies have successfully collaborated in part because they have shared a common worldview. Whether Iran's Islamic theocrats can say the same about Xi, the leader of an avowedly atheist state, or Putin, who now positions himself as the champion of Orthodox Christianity, is another question entirely. Beijing's response to Iran's predicament ought to make the West feel cautiously optimistic. If Donald Trump finally learns to distinguish the aggressor from the victim—or at least realizes that Putin has been playing him—the U.S. president could support Ukraine in earnest without worrying much about China expanding its assistance to Russia. As long as both Iran and Russia keep providing cheap oil and antagonizing the West and its allies, they are serving China's purposes. But at least for now, Beijing looks unlikely to back either of its supposed partners if they jeopardize China's interest in stability or its extensive and profitable relations with the West.