Engaging in Open Cooperation, Jointly Drawing Development Blueprints.

The 7th China International Import Expo was held in Shanghai from [specific dates], with the 7th Hongqiao International Economic Forum taking place concurrently as a key component of the Expo. The forum, themed "Adhering to High-Level Opening-Up to Promote an Inclusive and Equitable Economic Globalization," hosted a main forum and related sub-forums, contributing wisdom to advancing global joint opening.

In the midst of passionate discussions and intellectual exchanges, the Chinese and foreign participants deeply felt that China continues to embrace the world with a high-level open posture, and its vast market is becoming an important shared opportunity for the global community, injecting continuous momentum into driving world economic development.

With the power of openness and cooperation

The World Openness Report released on the forum states that in 2021, the world's openness index was 0.704, a decrease of 0.024 or 3.3% compared to the previous year, showing a clear trend of fluctuation and contraction. From 2012 to 2020, China's openness index rose from 0.7106 to 0.7507, an increase of 5.6%, ranking among the top globally. China's efforts to expand its openness have yielded significant results.

In today's deeply integrated global economy, open cooperation has become a powerful theme of the times. China actively promotes joint progress among nations, advocates for an inclusive and equitable economic globalization, and the Hongqiao Forum has become an important platform for exchange among all parties.

At the sub-forum on "Deepening Cooperation in Industrial and Supply Chains to Promote High-Quality Enterprise Development," the Director of the Division on Globalization and Development Strategies at UNCTAD, Nesvetailova, emphasized that current exchanges and cooperation in the fields of technology and finance are crucial. Through close regional cooperation, the resilience of global supply chains will be further enhanced, better equipping the world to address the ever-changing global economic landscape.

"Think Local, Act Local." According to Airbus China Chief Operating Officer George Xu, Airbus is actively developing products tailored for the Chinese market and conducting research and development in China, which will help create more collaboration opportunities.

Airbus is not an isolated case. In recent years, many international companies have achieved mutual growth with the local economy by deeply integrating into the Chinese market and establishing close cooperative relationships with local suppliers.

"The next 'China' is still China, investing in China is investing in the future." Jean-Paul Agon, Chairman of L'Oréal Group, said at the sub-forum on "Aggregating Global High-Quality Consumer Resources to Promote Consumption Quality and Upgrading" that China has introduced a series of proactive measures to expand openness, which helps boost consumer confidence and drive consumption upgrading. "L'Oréal has always been optimistic about China's economy and market potential, and is confident in its development in the Chinese market."

Gather the momentum of innovation through openness

China is currently experiencing a surge in the development of new high-quality productive forces, injecting strong momentum into its own growth and igniting the global innovation engine.

At the "AI Empowering New Industrialization" sub-forum, Meng Pu, Chairman of Qualcomm China, stated that in the process of collaborating with Chinese enterprises on innovation, Qualcomm has experienced the strong innovation capabilities and rapid market response of Chinese enterprises. Over the past three years, Qualcomm's new technologies have supported nearly a hundred Chinese automotive brands in launching over a hundred smart connected vehicle models in the Chinese market.

"Many new technologies, such as those in the field of new energy, are closely interconnected," said Tang Muchen, President of Alfa Laval Northeast Asia, at the sub-forum on "The Future of Global New Energy Vehicles." He expressed hope for further innovation in lithium iron phosphate battery technology, which requires more collaboration among industry partners to make new energy technology more widespread.

"China is the ideal market for our new technology applications. New energy sources such as hydrogen energy require a certain scale to be applied normally, and only China has such a large market scale," Tang Mushan admitted.

Collaborative innovation requires openness and inclusiveness, and should also be actively protected.

Successfully hosting the World Intellectual Property Congress, the Third High-Level Meeting on Intellectual Property under the Belt and Road Initiative... In recent years, China has actively deepened international exchanges, expanded the breadth of cooperation, and contributed Chinese wisdom and strength to intellectual property protection.

"Expanding openness and sharing, enhancing understanding, unity, and cooperation can lead to mutual benefit and jointly address challenges." Xu Xinjian, Director-General of the Anti-Monopoly Bureau of the State Administration for Market Regulation, said at the sub-forum on "International Cooperation in Protecting Intellectual Property Rights and Combating Counterfeiting."

Seeking common prosperity through openness

Global South countries can showcase their products at the CIIE, and Chinese companies can also seek cooperation opportunities here. Prune Sebahizi, Minister of Trade and Industry of Rwanda, stated at the sub-forum on "Sustainable Development and China-Africa Cooperation in the Global South" that China's series of preferential policies for the least developed countries, such as tariff reductions, have significantly boosted Rwanda's trade with China, expanded export value, and solidified its position in the global economic landscape.

Former Ethiopian senior minister Arkebe Oqubay stated that China has achieved good cooperation with many African countries in the economic field, from the construction of industrial parks to the realization of railway connectivity, and openness has promoted the sharing of development dividends among all parties.

Many guests at the forum believe that China is playing an increasingly significant role in global trade and innovation. China's open stance and cooperative spirit have profound implications for driving global economic development. The trade relations between China and countries around the world are deepening, and its influence is becoming increasingly evident.

During his video address at the sub-forum "Thirty Years of the WTO and China: History and Transformation," UAE Minister of State for Foreign Trade, Thani bin Ahmed Al Zeyoudi, highlighted that as one of the most significant trading nations globally, China's role in maintaining trade openness and supply chain stability has become increasingly important, benefiting more cooperative partners.

During the forum, Assistant Minister of Commerce of China, Tang Wenhong, stated that China will continue to advance the high-quality co-construction of the Belt and Road, strengthen innovative cooperation in areas such as intelligent manufacturing and the digital economy, promote the connectivity of sustainable supply chains, and build an international cooperation system for industrial and supply chains that is mutually beneficial and win-win.

Drawing from the strengths of all, embracing the vastness of the ocean. The annual Hongqiao Forum, through extensive and in-depth exchanges and discussions, fully demonstrates the powerful force of openness, cooperation, and innovation sharing. The brilliant speeches and active interactions of domestic and international guests provide new ideas and directions for building a more open and inclusive world economy.

聆听“虹桥声音”，期待全球各国携手共进，共同开创更加繁荣美好的未来。（记者高亢、谢希瑶、唐诗凝、任军） Statement: Xinhua Finance is the national financial information platform constructed by Xinhua News Agency. Under no circumstances does the information released by this platform constitute investment advice.

WeChat Editor: Cao Yu

Executive Producer: Peng Chunyan