BEIJING, July 23 (Xinhua) -- With China's achievement in resumption of work, the accelerated construction of Hainan Free Trade Port, the organization of 127th China Import and Export Fair (Canton Fair), China has coordinated epidemic prevention & control and economic and social development, with its economy gradually stabilizing and rebounding. The revitalized Chinese economy is injecting strong confidence into the global economic recovery.
-- Online fairs also attractive
"China's Canton Fair is of great significance in international trade field. Whether it is held offline or online, I would not miss it," said Rodrigo, general manager of a Brazilian trade consulting company. Since his first visit to China in 1990s, he has participated in Canton Fair held in Guangzhou almost every year. "I have participated in more than 30 sessions of Canton Fair, it has brought us more opportunities."
"Online participation is also very rewarding." Rodrigo said that he was surprised that China has managed the Canton Fair so successfully in such a short preparation time. Through online exhibition, we can not only check product pictures and information, but also directly communicate with suppliers." During the online fair, Rodrigo has contacted with more than 200 suppliers.
In recent years, bilateral trade between China and Brazil has continued to heat up, and buyers from Brazil at the Canton Fair have gradually increased. Rodrigo believes that China's developed manufacturing industry and high-quality products are very attractive to Brazilian buyers.
The online Canton Fair has broken the space limitation and the number of exhibitors has greatly increased, according to Rodrigo.
-- Hainan Free Trade Port provides new opportunity for low-carbon economy
On June 13, the signing ceremony for the first batch of key projects of the Hainan Free Trade Port was held in Haikou. Electricite de France Group (EDF Group), as one of the contracted enterprises, will deeply participate in Hainan's low-carbon economic development, covering smart energy, regional energy services and low-carbon transportation.
"Hainan's good ecological environment and an open, tolerant and innovative development environment will attract more foreign invested enterprises," said Fabrice Fourcade, vice president of EDF Group.
Hainan's support for green development, good mutual trust with its local partner, and the results achieved in the Sanya cooling project are all reasons why EDF chooses to continue investing in Hainan. "Our cooling project in Sanya can greatly improve energy efficiency, thus reducing carbon dioxide emissions by 87,900 tons per year, which supports the development of local low-carbon smart city," pointed out by Fabrice Fourcade.
In Fabrice Fourcade's opinion, Hainan has unique geographical conditions, rich solar and wind energy resources, and favorable policies supporting the construction of the free trade port, the new energy industry has a huge development potential.
This year, EDF Group and CF Energy Corp. start to build new energy vehicle swap station network in Sanya. According to Fabrice Fourcade, the two companies plan to invest and build 150-300 new energy vehicle swap stations across the island, providing support for the infrastructure construction of the free trade port.
-- Obtaining broad development space in Chinese market
With China's normalization of epidemic prevention and control, Schneider Electric has resumed production in an efficient and orderly manner, even surpassing its usual production capacity. Schneider Electric has once again entered the Gartner Supply Chain Top 25 this year, ranking the 4th from the 11th last year.
Schneider Electric is growing continuously with the development of China. In 1995, Schneider Electric made the decision to expand investment in China and began large-scale investment in building factories, in 1999, it established a research and development center in China, and gradually set an integrated local operating system based on the introduction of advanced technologies. Now, China is Schneider Electric's second largest market and one of the three R&D bases in the world.
The steady and positive development momentum of China's economy has given foreign enterprises more confidence in the Chinese market. With the full implementation of the Foreign Investment Law, China has further strengthened the protection of intellectual property rights and treated domestic and foreign investment equally, which will help multinational companies to gain broader development space in China.
China's continued expansion of overseas investment and sharing of scientific and technological progress with other countries will help economic growth and job creation. While on the other hand, the rebound in consumer demand in China's domestic market will also give impetus to the development of foreign companies, making it an engine that drives the recovery of the world economy.
(Edited by Bao Nuomin with Xinhua Silk Road, baonuomin@xinhua.org)
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