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The 8th China International Import Expo (CIIE) is upcoming. Customs archivists have recorded 7 previous CIIEs with archives (97 docs, 462 photos, etc.), which help optimize supervision (e.g., 50% shorter clearance time) and witness China's opening-up. Customs will continue the "pre-collection+full follow-up" mode for this year's CIIE.
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Shanghai Customs statistics show CIIE has attracted over 4100 exhibits (8B+ yuan) since 2018. The 8th CIIE is opening; 289 batches (176M yuan) cleared as of Oct 31. New "Import Expo Express" mode debuts for bonded jewelry, cutting transit risks. Customs archived docs/photos/audio/physical items and supported 74 global product batches' China debut.
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Under global uncertainty, China's super large market (with 1.4b people, complete industrial system, etc.) is the foundation for its high-level opening-up, enhancing foreign investment attraction, global economic governance discourse, supply chain resilience, requiring internal reforms, and being a win-win link for China-world economy interaction.
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China advocates open and inclusive Asia Pacific cooperation at the 32nd APEC Economic Leaders' Meeting, highlighting APEC's role, triple significance of regional cooperation, and China's specific initiatives to promote Asia Pacific prosperity.
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On Nov 26, China's Commerce Minister Wang Wentao held a video conference with EU's Shevchovich to discuss Anshi Semiconductor issues, global semiconductor supply chain stability, and China-EU export controls. Both agreed to urge relevant enterprises to communicate for long-term solutions.
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The China-Tonga Framework Agreement focuses on flexible negotiations, expanding bilateral trade, supporting Tonga's investment attraction, industrialization/agricultural modernization, and global supply chain cooperation. It deepens their comprehensive strategic partnership and elevates economic and trade relations.
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On November 20th, the 11th RCEP Joint Committee meeting was held in Chiang Mai, Thailand. 15 member countries and the ASEAN Secretariat attended. It aims to implement leaders' consensus, promote agreement implementation, new members joining, 2027 review preparation and improve RCEP mechanism.
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2025 marks the 30th anniversary of WTO's establishment. It reviews WTO's role in global trade, challenges like unilateralism, China's contributions as a member, and its stance on WTO reform. The international community should uphold the rules-based multilateral trading system centered on WTO.
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The WTO faces critical challenges but global trade in goods will grow 2.4% this year. Its reform (core of 2026 14th Ministerial Conference) emphasizes three aspects: building on existing system, updating rules, and adapting to digital/AI trends. China’s stance demonstrates reform progress, with most members supporting it to maintain WTO’s credibility.
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The 15th Five-Year Plan proposes balanced imports and exports to address China's trade surplus, improve foreign trade quality, and build a strong trading nation. It emphasizes using imports to drive domestic consumption upgrading and industrial transformation, share opportunities, and combines stabilizing exports with expanding imports via targeted measures, advancing towards a trading powerhouse.
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According to Hainan's Department of Commerce, the modern service industry of Hainan Free Trade Port grew at an average annual rate of 9% (2018-2024), with 351.59 billion yuan added value in the first three quarters of this year. Supported by opening-up policies (finance, logistics, medical tourism, education etc.), it's thriving, becoming a shipping hub, seeing booming medical tourism and attracting overseas universities, ushering in a new round of rapid development.
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On November 18th, the second meeting of the China-Cambodia Free Trade Agreement Joint Committee was held in Beijing. Li Chenggang met with the Cambodian delegation, noting the agreement promotes bilateral economic cooperation and helps Cambodia's industrialization. He said China welcomes Cambodia's trade talks with others (including the US) but any agreement should not harm global trade or China's interests. The meeting reviewed the agreement's implementation, exchanged views on common concerns, and arranged future work.
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The 15th Five-Year Plan emphasizes optimizing a market-oriented, rule-of-law, international business environment and accelerating a strong trading country. Customs launches "Policy Through Train" with three mechanisms (demand collection, closed-loop problem-solving, intelligent delivery) to deliver policy dividends to enterprises, boost foreign trade vitality and improve port efficiency.
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Against intensified geopolitical competition and protectionism, China and ASEAN’s mutually beneficial cooperation (including their 3.0 agreement) benefits Asia by enhancing stability against global changes, activating new growth drivers, and boosting regional global economic influence, with key trade/investment data and three core benefits outlined.
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On October 28, China and ASEAN signed the Free Trade Area 3.0 Upgrade Protocol, a milestone in their open cooperation. Covering 9 areas including digital/green economy and supply chain interconnection, it adds new rules in emerging fields (cybersecurity, AI, clean energy) and upgrades traditional ones. It boosts China-ASEAN trade, supports high-standard FTAs, aids green/digital transformation, benefits SMEs, and reduces trade costs.
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The article highlights China's super large market as a strategic support for Chinese path to modernization. It notes the 8th CIIE in Shanghai demonstrating the market's advantages with new products, large orders and foreign investment. The 220th CPC Central Committee's Fourth Plenary Session emphasized four advantages (including super large market) for the 15th Five-Year Plan. Xi Jinping stressed leveraging this advantage. The market has three features: leadership (driving innovation), stability (scale/institutional strengths), and growth potential (demographics, reform). It covers innovation examples, macro governance, and plans for a unified national market.
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The CPC Central Committee's 15th Five-Year Plan proposal emphasizes innovating digital trade. Global digital trade exports grew from $4.59tr to $7.23tr (2020-2024, 12.1% annual growth). China develops digital trade via top-level design, industry-university-research cooperation, talent cultivation, and international rule alignment.
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On November 20, a spokesperson of China's Ministry of Commerce stated that if Japan persists in wrong practices, China will take necessary measures. Japanese Prime Minister's erroneous Taiwan-related remarks damaged Sino-Japanese economic and trade cooperation; China urges Japan to correct them. Regarding Japan's aquatic products import suspension, no info is available now, but emphasized Japan's remarks aroused Chinese public outrage and cannot harm emotions while seeking benefits.
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On November 19th, Tianjin Water Transport Port (Dongjiang Port Area) passed WHO's on-site evaluation and was awarded "International Health Port". This title boosts port health safety, optimizes business environment, and supports regional/international development. Tianjin Customs will enhance public health response capabilities through multiple measures.
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Yantai, a demonstration city in Shandong's green low-carbon high-quality development pilot zone, focuses on four major transformations (energy, industry, city, life) to accelerate green production and lifestyle, promote high-quality development and support the dual carbon goal. Regions should adapt to local realities to implement central deployments for green low-carbon development.
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