On the morning of November 7th, the Zhejiang Special Press Conference of the Third China International Import Expo was held. What are the highlights of Zhejiang’s “Buyer Tiantuan” at this CIIE? At the 2nd China Import Expo, Zhejiang ranked among the top in terms of “buy buy buy” transaction intention in the country. How is the performance of these contracts? At the press conference, these hot topics received responses one by one.
How is the cooperation execution of Zhejiang’s participation in the last China International Import and Export Fair?
At the second China International Import and Export Fair, Zhejiang ranked among the top in terms of intentional transactions in the country. At the same time, after the event, efforts were made to ensure the implementation and performance of intentional transactions and investment projects. From the perspective of intention transactions, the overall compliance rate of the import intentions signed at the previous CIIE has exceeded 90%. Driven by this, Zhejiang’s imports from January to September this year reached 628.6 billion yuan, an increase of 12%.1%, higher than the national 12.7 percentage points. Overall, the performance of large procurement orders is better than the overall level. Due to the impact of the epidemic, some foreign merchants are unable to ship goods, and some import enterprises are experiencing operational obstacles and declining demand. However, overall performance is still at a high level. From the perspective of investment promotion, Zhejiang signed a total of 26 foreign-funded projects at the last China International Import and Export Fair. After a year of promotion, 25 projects have now been signed, with a landing rate of 95%.
What are the highlights of Zhejiang’s participation in the 3rd CIIE?
One is that the enthusiasm for participating in the procurement has not decreased. This year, Zhejiang organized 1.460000 purchasers, 4.10000 people participated in the procurement, with the same number of buyers as last year, covering six categories: service trade, automobiles, technical equipment, consumer goods, medical equipment and healthcare, food and agricultural products. Especially for service trade enterprises, there is a high enthusiasm for procurement, with a total of 4230 participating enterprises, an increase of 73 compared to the second edition.8%. From the trading situation in the past two days, Zhejiang Province has purchased over 1000 orders, and the transaction scale continues to be among the top in the country. According to the confirmed one-year intention transaction volume two days ago, the first tier of procurement in Zhejiang is medical equipment, medical and health care, and technical equipment, with procurement amounts now approaching 30%. The proportion of technical equipment procurement has significantly increased compared to the previous one. The second tier is food and agricultural products, and service trade, with procurement currently accounting for about 15% of the total amount. Especially for service trade, the transaction volume in the first two days of this CIIE has exceeded the total amount of service trade transactions in the second CIIE.
The second is to highlight the highlights and characteristics of cooperation. In addition to the continuous expansion of import transaction scale, some strategic cooperation at this CIIE will effectively assist Zhejiang in deepening international cooperation and carrying out industrial transformation and upgrading.
The third is the exciting and diverse on-site activities. The province held a total of 43 supporting activities in five categories: cultural exchange, international cooperation, import procurement, investment promotion, and consumption promotion, an increase of 17 events compared to the previous one.
The fourth is to promote both quantity and quality of investment cooperation. Zhejiang has held more than 100 investment promotion activities on the platform of the Expo, including cooperation, promotion and investment promotion on the open platform, dialogue among the top 500, and docking of industry leaders. During this year’s CIIE, a total of 61 foreign investment projects were signed both domestically and internationally in the province, with a total investment of 10.9 billion US dollars. Among them, 16 projects were invested by Fortune Global 500 and industry leading enterprises. At the same time, the province held a major foreign investment project commencement ceremony during the CIIE, with 26 projects from 18 countries collectively starting construction, with a total investment of 15.7 billion US dollars, involving high-end equipment manufacturing, green petrochemical, life and health, digital economy, modern service industry, and other fields. Among them, there are 11 projects from Fortune 500 enterprises and industry leading enterprises, 13 projects with a total investment of over 100 million US dollars, and 6 projects with a total investment of over 1 billion US dollars.
The fifth is that “agile Zhejiang” has distinct characteristics. At the third China International Import and Export Fair, Zhejiang showcased its comprehensive image, over 40 intangible cultural heritage and time-honored boutiques, Zhejiang’s tourism characteristics, Hangzhou lakeside, and Ningbo’s “Old Bund” national pedestrian street under the theme of “Lingdong Zhejiang”. The exhibition covers a total area of 1188 square meters, showcasing Zhejiang’s cultural characteristics from multiple perspectives and showcasing the image of an “important window” to Chinese and foreign friends.
The sixth is the full participation of the free trade pilot zone. The Zhejiang Pilot Free Trade Zone was officially established on April 1, 2017. Over the past three years, it has embarked on a unique development path in the construction of the entire oil and gas industry chain, and has initially formed a trillion level oil and gas industry cluster led by leading enterprises, with a complete industrial chain and outstanding radiation drive. On August 30th of this year, the State Council approved the expansion of the Zhejiang Pilot Free Trade Zone. On the basis of the original Zhoushan area, the Ningbo, Hangzhou, and Jinyi areas were newly established, making it the first pilot free trade zone in China to clearly expand its area. In this year’s CIIE, the four major areas of the Zhejiang Pilot Free Trade Zone actively participated in various activities around the “five major functional positioning”.Actively accepting spillover effects. Especially based on the existing foundation of various areas such as trade, exhibitions, and bulk commodity imports, we will integrate and seize the opportunities for import, export, and exhibition display that have been generated by the Import and Export Expo, encourage deep integration between industries in the area and foreign exhibitors, accelerate the introduction of advanced foreign technology and equipment, and carry out high-quality international cooperation. In the Zhoushan region, Zhejiang Petrochemical will sign a cooperation agreement with Shell, involving an amount of 1.100 million US dollars. The Ningbo area will leverage the CIIE platform to promote the introduction of innovative policies for import trade regulation and deepen the construction of a national import trade promotion innovation demonstration zone. The Hangzhou area will utilize the CIIE to strengthen its linkage with the Shanghai Free Trade Zone and the Lingang New Area, and promote cooperation and exchange in digital trade, digital industry, digital finance, digital logistics, digital governance, and other areas. As the world’s “capital of small commodities”, Jinyi District will focus on building the newly approved Yiwu National Import Trade Promotion and Innovation Demonstration Zone, building a “6 day+365 day” import commodity display and trading platform, and creating an endless Import Expo.
Q&A transcript
Zhejiang Jingshi Zhejiang Sample Red Reporter:
I would like to ask how Zhejiang will better seize the opportunity to enter the Expo and better absorb the spillover effects of the Expo in the future?
Han Jie: