CHANGCHUN, Aug. 28 (Xinhua) — The fifteenth China-Northeast Asia Expo opened Wednesday in Changchun, capital of northeast China’s Jilin Province, drawing greater than 10,000 members from over 40 nations and areas, with cooperation and openness changing into buzzwords amongst attendees.
Themed “Join Hands with Northeast Asia, Open Up for a Win-Win Future,” the expo, collectively organized by the Ministry of Commerce, China Council for the Promotion of International Trade, and the Jilin provincial authorities, runs from Aug. 27 to 31.
Covering an exhibition space of 73,000 sq. meters, the venue resembles a worldwide market. Products starting from Russian sweets and Mongolian cashmere hats to Pakistani vases and Thai balms are showcasing numerous cultures and traditions whereas reflecting robust enterprise curiosity in cross-border cooperation and market enlargement.
Featuring Chinese traits and modern merchandise, the expo has additionally drawn robust curiosity from worldwide exhibitors. At the exhibition, a personalised 3D sock knitting machine is attracting crowds of businesspeople keen to check the system, which tailors socks primarily based on exact foot measurements.
“We came from Khabarovsk, Russia. I was surprised to see socks being made on the spot. China has many high-quality clothes and socks. We would like to place an order,” mentioned Russian exhibitor Olya.
Chen Aiping, an exhibitor from the Republic of Korea (ROK), expressed robust curiosity in pharmaceutical improvements, significantly Xiuzheng Pharmaceutical’s Xiongdan Kaiming Tablet, a well known conventional Chinese medication compound broadly used within the therapy of acute iridocyclitis and first open-angle glaucoma. She expressed the hope to introduce the drugs to the ROK market.
Drone expertise from town of Tonghua in Jilin, in the meantime, has caught the eye of Indonesian exhibitor Chen Hongping. “The dry season in Indonesia is hot, and the risk of forest fires is high. Fire-extinguishing drones are very convenient and practical for emergency use in mountainous areas,” he mentioned.
Launched in 2005, this expo is the one worldwide complete expo to characteristic joint participation by six Northeast Asian nations and can also be open to the remainder of the world.
In the course of its 14 earlier editions, the expo has generated commodity commerce value 10 billion yuan and facilitated 3,032 signed cooperation initiatives with a mixed funding of over 2.05 trillion yuan (about 288.48 billion U.S. {dollars}), masking infrastructure, fashionable companies, new power, new supplies, inexperienced meals processing, auto elements manufacturing, cultural tourism and biomedicine.
The occasion displays a broader pattern of increasing regional commerce. According to China’s Ministry of Commerce, China’s commerce with the opposite 5 Northeast Asian nations had reached 901.6 billion U.S. {dollars} in 2024, up 1.6 p.c yr on yr, accounting for almost 15 p.c of China’s whole international commerce.
China has maintained its place as the biggest buying and selling accomplice for all the 5 nations, with ROK and Japan rating as its second and third-largest buying and selling companions, respectively.
Two-way funding between China and the 5 nations had exceeded 7 billion U.S. {dollars} in 2024, and has seen cooperation increasing into rising fields together with digital economic system, inexperienced growth, superior manufacturing and fashionable companies.
These figures spotlight China’s regular steps when it comes to each opening up and regional financial cooperation. Since the beginning of the 14th Five-Year Plan interval (2021-2025), China has added or expanded 40 ports of entry, bringing the overall to 311.
Customs now supervises an annual common of 5.2 billion tonnes of international commerce value 41.5 trillion yuan, the biggest quantity globally.
Infrastructure initiatives are additionally accelerating. In town of Hunchun, positioned on the junction of China, Russia and the Democratic People’s Republic of Korea, a 200-million-yuan inspection constructing undertaking at a neighborhood freeway port is underneath building. Once accomplished, will probably be in a position to deal with 2 million passengers and a couple of million tonnes of cargo yearly.
“China is fully implementing the new development philosophy and building a new development pattern. The country is continuously meeting people’s aspirations for a better life through the development of Chinese modernization, and providing new opportunities for the development of other countries,” mentioned Lu Xiangdong, vice chairman of the Chinese People’s Association for Friendship with Foreign Countries.