Culture of welcome in Chinese: With a huge Import show, China wants to demonstrate that there is a reduction in its trade surplus, and market-opening more than ready. But not all are convinced.
An exhibition area as large as 38 football fields. 3000 companies from over 130 countries of the world. 5000 products Exhibition, the reach for the first time on Chinese soil. Once again, China shows off Figures for the superlatives. Prominent companies of all sizes, SAP, ThyssenKrupp, General Motors, Ford, Microsoft, Tesla, and Walmart. Even in China blocked IT-giants like Facebook and Google are registered as a participant.
When held for the first time Import Expo in Shanghai (article image) China will present itself as an open economic power. Shortly before, China has reduced, among other things, the market barriers for foreign car manufacturers and pharmaceutical companies. For German car manufacturers such as BMW, it is now possible to act as main shareholders of their Joint-Venture company in China. Import duties for most of the foreign medicines are virtually set to Zero
With “strategic investments” in China: German car manufacturers such as BMW
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Still too many hurdles to China’s market
But for critics of the trade practices of the Chinese state in the Reform and opening measures are still far enough. Still exists for many industries, the Joint Venture forced. That means that foreign investors must always first find a Chinese cooperation partner in China for business.
As before, foreign companies need to put parts of their Know-how as a necessary price, if you want to enter the Chinese market. Capital outflows are controlled by the Chinese government strictly and regulated. Especially in times in which the Chinese currency, the Yuan, the pressure is in the middle of the trade war with the United States under strong devaluation.
And still very many economic activities are managed by the Chinese state and monitored centrally. Thus, the participation in the new Mega-Event. German company representatives indicated to the DW that you have, depending on the size of the company, to the part of huge exhibition space free of charge: The host country does not “want to lose in front of the empty exhibition halls in his face.”
Soya beans from the USA – important in the trade dispute, but on the “Import Expo” is probably not among the “Highlights”
Wink with the fence post in the direction of United States …
In order to show that China is an importing Nation, has called on the Chinese President, Xi Jinping, the Import Expo. As a patron of the exhibition, Xi and his wife Peng Liyuan will pay tribute to the foreign guests of honour with a state Banquet. At the opening ceremony on Monday is Xi once again as a champion of globalisation and free trade present, as already in the beginning of 2017, at the world economic forum in Davos, two days before the official inauguration of the U.S. President Donald Trump.
The USA are the real addressee of the Import Expo in China. Similar to Germany, China needs to listen to in the course of the trade conflict with the United States again and again, sharp sounds too much volume of exports and large trade surpluses. In contrast, China’s main counter-argument is: The country didn’t force anyone, Chinese weight loss product. In addition, foreign companies are the real winners, if you, as the Smartphone manufacturer Apple, make your products in China manufacture, collect yourself but the main share of the profit.
Allegedly, most recently in the exchange of views on “the good path”
… but do not react as desired
Washington is so far deaf to the Chinese arguments, although the President Trump and Xi appear to have made progress on the settlement of the trade dispute. The United States will send no high-ranking politicians to the Import Expo in Shanghai. “China must carry out the necessary reforms, to end its unfair trade practices, which are damaging to the world economy,” said a spokesman for the U.S. Embassy, the AFP news Agency shortly before the official opening of the Import-Expo.
The spokeswoman for the Chinese foreign Ministry Hua Chunying said: “The United States are calling on the one hand, China to open the country and its markets to U.S. products and services, on the other hand, the United States is not prepared to send someone, if we open our door and invite people from all over the world.” This kind of Talk and Action was of the extreme to understand the contradictory and heavy, so Hua.
Germany is one of the main host countries with corporate giants such as SAP and ThyssenKrupp. Not only the seller will see on the Import-Expo, the Chinese government has already created several “buyer’s alliances” out of almost 100 state-owned enterprises. You will ensure that on the first Chinese Import Expo, many billions of contracts can be presented – even if some of them have been signed by these previously.