CIFIT promoted in Shanghai
Recently, representatives of the Liaison Department of the
Organizing Committee of the 8th CIFIT visited Shanghai and
held discussions with consulate-generals from Mexico, Ukraine,
Poland, Russia, Thailand and South Africa and foreign businesses
The organizations have expressed a strong interest in CIFIT
and promised to organize groups to attend the Fair, some even
have an intention to invite senior officials of their government
to attend the investment forum and hold their Hall Day events.
Intention to participate
U.S. Council for International Business, France Euro-Asia
Trade Promotion Association, Germany Asia-Pacific Chamber
of Commerce as well as some investors expressed their intention
to attend the 8th CIFIT.
Many foreign investment promotion institutions are extremely
interested in participating the Matchmaking Symposium for
Chinese Enterprises to Go Global.
Organizers of the 8th CIFIT held its preparatory meeting on
April 13 in the host city of Xiamen. Fair secretary-general,
also vice-governor of Fujian province Ye Shuangyu required
the coming session be more creative and practical.
To achieve the target, the organizing committee will redouble
its efforts in promoting the trade fair, in inviting exhibitors,
collecting information on various projects, and setting up
four new exhibiting zones.
Symposiums at abroad
Organizing Committee of the 8th CIFIT held promotional symposiums
in countries including Australia, New Zealand, Canada and
the United States recently.
In its symposiums in Oceania, CIFIT promotional team visited
ten governmental and semi-governmental organizations and six
local media in eight important cities such as Brisbane, Auckland
In North America, CIFIT organizers met officials from dozens
of governmental institutions, chambers of commerce and big
companies in New York, Vancouver, Kentucky and Florida.
By Liu Shinan
In what was called a "complete success," China and the
United Stated wound up their latest session of the China-US Joint
Commission on Commerce and Trade (JCCT) in Washington last Thursday.
China made the largest concession by agreeing to postpone the execution
of its WAPI wireless network standard and promising harsher measures
against piracy of intellectual property right (IPR) products.
The US side has complained against the WAPI standard, blaming it
as a technical barrier for exports of US wireless network products.
China's decision to put off, "indefinitely," the exercise
of the new standard is a grave concession.
In return, the United States promised to review US exports to China
of high-tech products, implying a beginning of relaxation of the
Anyhow, the cost of the concession is large. At least, it will be
viewed by many people as "losing face" in international
Whether a disgrace or not, the concession suggests something.
First, it shows the sincerity China harbours in its hope to forge
a strategically long-term and mutually benefiting relationship with
the United States in trade and economic ties.
China and the United States, as each other's major trading partner,
complement each other greatly in economy. Co-operation, rather than
confrontation, between the two countries will be more beneficial
for both sides as well as for world peace and global economic development.
Second, the concession suggests that China has become more mature
in global trade games.
Different from the traditional concept that concession implies loss
of face, China is learning to be more pragmatic in dealing with
In trade and economic exchanges, disputes and friction are usual
happenings. Every player needs to make concessions as well as headways.
They have nothing to do with grace or disgrace. What really matters
is a well-administered balance between current and future benefits.
Frankly speaking, Chinese foreign trade officials and experts are
less experienced, in a market economy mechanism, than their astute
counterparts from the West. Much has to be learned during economic
exchanges. Making contemporary concessions in exchange for long-term
benefits is such a competence.
The United States, on its part, should also give up some of its
habitual concepts. Taking China as a potential threat, for instance,
is such a concept. Some people in that country always like to politicize
pure economic and trade issues; they seem to feel very uneasy at
an economically developed China.
The Sino-US relationship is in a stable and friendly state. We do
not hope there should be any unpredictable happenings, as there
always were in the past whenever a major improvement had been achieved
in the bilateral relations, especially in the issue of Taiwan.
In that sense, it is really reassuring to hear US President George
W. Bush reiterate, in his meeting with Chinese Vice-Premier Wu Yi
after the Washington JCCT consultation, that there is no change
in the United States' "one China" policy.
So long as the United States does not stir up new troubles in the
issue of Taiwan, all other issues between the two countries can