CBN Special丨SFC Correspondents: 2024 CIIE special coverage with Harry Wu

On Tuesday, Shanghai officially entered "CIIE moment," which has become an annual feast of global trade cooperation, and the colorful billboards on the streets of Shanghai and bustling scenes at the exhibition halls put on vivid display of the strong vibrancy and attractiveness of the Chinese market.  A record high of 297 Fortune Global 500 and industrial leaders are present. Additionally, 186 companies and institutions are participating for the seventh consecutive year, earning the title of "full attendance" at the CIIE.Chinese Premier Li Qiang said at the opening ceremony that China will open its doors wider to the outside world, regardless of how the international environment changes.In their speeches at the ceremony, foreign leaders and heads of international organizations remarked that the CIIE has become an important international platform for promoting trade and investment and boosting opening up and cooperation. They voiced their confidence in the Chinese economy and its prospect, and expressed willingness to advance cooperation with China in jointly building the Belt and Road as well as in areas such as economy, trade, connectivity and green development, maintain free trade, and promote equality, progress and sustainable development in the world.Harry Wu, our correspondent in Shanghai, is now at the CIIE. Today in this episode we’ve invited Harry to chat with us and share his thoughts on the grand event. And he’s also brought us some guests.Stephanie: Hi Harry, thank you for joining the program.Harry: Hi Stephanie. Thanks for having me.Stephanie: So Harry, you’re at the 7th China International Import Expo now. It’s also the biggest edition in terms of size and participation since it inaugurated in 2018. What’s your first expression of the event this year?Harry: I’m here at the media center for seventh CIIE. There are so many correspondents here that we have to come very early to get a seat to work or a seat to eat. At the booths of National Exhibition and Convention Center (Shanghai), all I can see is people looking for new opportunities. The huge crowds also benefit from China's visa-free policy. I see exhibitors from France, Germany, Italy, Netherlands, Spain, Malaysia and so on.At Malaysia Pavilion, the crowds wait in long lines to taste fresh Musang King durian from Malaysia. Unlike previous shipments that were frozen or processed, these fresh durians are tree-ripened, requiring fast logistics to ensure their quality. Musang King durian can now be enjoyed fresh, offering Chinese consumers a unique and elevated taste experience.Stephanie: You’ve been covering to the CIIE for the fourth year now. What struck you the most this year? What are the highlights?Harry: What impressed me most is the record participation. Well, you know the numbers. Let me give you a specific example. Marking 70 years of diplomatic relations between Norway and China, Norway has established its first national pavilion at the seventh CIIE, where Norwegian exhibitors aim to strengthen bilateral cooperation and explore new opportunities. Norway’s Minister of Fisheries and Ocean Policy, Marianne Sivertsen Næss, visited China and attended the CIIE. She made Chinese dumplings to celebrate Lidong, the start of winter on Chinese lunar calendar. There are so many firsts and stories this year.Stephanie: The CIIE is often seen as a gateway to China. Every year during the event, the world is coming to China and it underlines China's essential role in the global economy. What do you think the CIIE mean for China?Harry: With a population of over 1.4 billion, China has a diverse range of consumer groups, each with a massive scale, which translates into enormous demand for products and services. The tremendous potential and increasingly open market have brought tangible returns to foreign companies that are expanding their presence in China. The keen interest from global participants has shown the growing influence of the CIIE and the attraction of the Chinese market. It also highlights  China's efforts to push forward the building of an open world economy.For example, during the CIIE I talked to Dr. David Blair, senior economist of Alliance of Global Talent Organizations (AGTO) and Professor of Economics at the Eisenhower School, National Defense University, Washington, DC. He thinks the CIIE is a signal of China’s opening up to the world. Take a listen.David: I think it's a signal to the world that China is open for trade. I think the main thing is that it's signaling China is not closing itself off, and it’s going to continue the reform and opening-up policies. Stephanie: Harry, you’ve been talking with a lot of exhibitors, what do they think about this year’s expo?Harry: Yes, they are all very excited to be here. This is Sigmund Bjørgo, director of the Norwegian Seafood Council in China. Norway made a debut at this year's CIIE by establishing a national pavilion for the first time, tapping into the vast potential of the Chinese market. The pavilion features a wide range of industries, including maritime and energy, health and nutrition, design and lifestyle, food and agriculture, as well as seafood and consumer goods.Sigmund: So the industry is at the CIIE to promote the Norwegian seafood in general, and of course it’s the key species that caught the highest attention - salmon, mackerel, different types of shellfish, and of course the Norwegian Arctic cod. But of course the biggest is salmon. It has grown tremendously in the past years and is still continuing to grow.  At the same time, China is still a young market for salmon, so there are many new industrial and customer players that are interested in searching for Norwegian salmon.If you look at the global perspective, China is the eighth biggest salmon market in the world. But that is for now. We expect it to grow and for China to climb up the rank and grow into one of the biggest salmon market in the future.(Harry: How many CIIEs have you participated? What do you think about this year's event?)Sigmund: This is the third time the Norwegian Seafood Council joined the CIIE. The past two years has been with a pure Norwegian seafood pavilion together with Norwegian exporters. This year due to the celebration of the 70th anniversary of diplomatic relationships (between China and Norway), we have decided to join the Norwegian pavilion for the first time and bring in the both the seafood companies and also other Norwegian companies. We expect many visitors there this year and we are already thinking about next year. I expect to be present next year to build on Norwegian-Chinese seafood collaboration.(Harry: What’s the significance for you and your company to come to the CIIE?) Sigmund: It is to meet the major buyers, the major industrial players, but also to show Chinese authorities that we are here (because) we want to invest in the Chinese market. And we believe that the Norwegian seafood still have a room for growth in China.Harry: And here we also have Alfonso Alba, CEO of Bayer Crop Science (BCS) for Greater China. BCS is one of the three divisions of Germany-headquartered life science enterprise Bayer AG.Alfonso: I’ve always loved to come here because this provide us an opportunity to share with all the stakeholders in the Chinese government, customers, and colleagues from the industry.What Bayer is doing in innovation is how our innovation contribute to the development of agriculture in China and how our technologies contribute to modernizing China’s agriculture. So this is an incredible opportunity to talk to everyone about what we do.   Harry: Having heard voices from foreign companies and economist, the Chinese market is still one of the best choices for foreign companies. It's a win-win situation.Stephanie: Harry, thanks again for joining CBN’s special coverage of the 2024 CIIE.Harry: My pleasure.Stephanie: And thanks everyone for listening. Have a nice day and until next time. Bye.