logo
From Vision to Action: CIIE Empowers Global Development Through Inclusive Cooperation

From Vision to Action: CIIE Empowers Global Development Through Inclusive Cooperation

Business Wire25-06-2025
SHANGHAI, China--(BUSINESS WIRE)--Amid growing global uncertainty and anti-globalization sentiment, the China International Import Expo (CIIE) remains a vital platform for openness and cooperation. A UN-hosted event in Geneva on June 25, themed 'Working Together to Implement the UN 2030 Agenda—How China International Import Expo Helps,' showcased its role in fostering inclusive growth.
At the event, representatives from dōTERRA, and Warmpaca shared how the CIIE has opened doors for them in the Chinese market. Since 2018, dōTERRA has partnered with Guizhou through the CIIE, using innovation to boost the value of traditional Chinese plants and raise local farmers' incomes. Warmpaca made its breakthrough at the inaugural CIIE. By partnering with over 1,000 families to produce handmade alpaca wool goods, it has successfully expanded into both the Chinese and global markets—creating jobs and empowering local communities along the way.
As the expo approaches, preparations have entered a new and dynamic phase. On May 22, a dedicated matchmaking event was held in Chongqing, bringing together nearly 40 exhibitors and over 110 local buyers. The event laid a solid foundation for deeper cooperation in the lead-up to the CIIE. To date, an exhibition area of over 280,000 square meters has been booked for this year's CIIE. This year, the exhibition layout has been further optimized to spotlight innovation, advanced technologies, and cutting-edge services.
Building on this momentum, the upcoming China-Central Asia Summit will boost exchanges and cooperation. As regular participants in the CIIE, Central Asian countries have continued to strengthen ties with China through this key platform. For instance, at the seventh CIIE, Kazakh businesses took part in an unprecedented scale, presenting a broader range of high-quality products to the Chinese market.
The upcoming eighth CIIE is set to attract a broader spectrum of exhibitors, professional buyers and visitors across sectors. Meanwhile, the HQF will serve as a key venue for dialogue on open economies and inclusive globalization. For more information, visit CIIE official website: https://www.ciie.org/zbh/en/
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

US will dodge recession, but Trump's policies will slow economic growth: Report
US will dodge recession, but Trump's policies will slow economic growth: Report

USA Today

time34 minutes ago

  • USA Today

US will dodge recession, but Trump's policies will slow economic growth: Report

President Donald Trump's aggressive economic policies will likely significantly slow U.S. growth and push up inflation but stop short of causing a recession or 'stagflation' – the dire scenarios that forecasters envisioned before he took office, a report says. 'The totality of the policies does not push the economy to the brink of recession but it significantly diminishes growth' during Trump's four-year term, said economist Justin Begley of Moody's Analytics. He added, 'It's not yet stagflation but it's edging that way.' Stagflation is an economy characterized by high inflation, slow or stagnant growth and high unemployment – an unusual and toxic cocktail. Typically, a sluggish economy leads to low inflation, allowing the Federal Reserve to cut interest rates to stimulate more borrowing and activity. Will the Fed lower rates in September? The Fed, however, faces a dilemma because lowering rates to bolster a softening labor market could further drive up inflation. Consumer price increases generally have eased substantially after a pandemic-related spike but recently edged higher, in part because of Trump's sweeping import levies. His policies are imposing countervailing forces on the economy. Tax cuts and increased spending on border security and defense are set to juice growth. But those positive catalysts are expected to be more than offset by the tariffs, a historic immigration crackdown, layoffs of hundreds of thousands of federal workers and big cuts to social services programs such as Medicaid and food stamps, Begley said. During Trump's presidential race against former Vice President Kamala Harris last year, Moody's, among other research firms, predicted Trump's economic blueprint would spark a recession by mid-2025. Moody's has updated its forecast in part because the contours of his plan recently have become more clearly defined, Begley said. 'We have a better view where things are going,' he said. What tariffs has Trump imposed? For example, high double-digit tariffs are in place for steel and aluminum, foreign cars and Chinese imports. And the White House has reached deals with trading partners such as Japan, South Korea, Vietnam and the UK that set tariffs at 10% to 20%. Trump's deportations and constraints on Southern border crossings are well under way. And his huge budget bill, which he signed into law on July 4, expanded his 2017 tax cuts, beefed up military and border security outlays, and slashed some entitlement spending. How is the economy doing under Trump? All told, Moody's projects Trump's policies will reduce economic growth by an average 0.4 percentage points annually – nearly half a point – during his term. That would leave the economy expanding an average 1.7% annually over the four years, with growth bottoming at 1.4% next year and peaking at 2.2% in 2028. The economy grew at an annual rate of 1.2% the first half of 2025. It's projected to grow at slightly less than a 1% pace in the second half, according to economists surveyed by Wolters Kluwer Blue Chip Economic Indicators. By contrast, the economy averaged 2.3% growth the decade after the Great Recession of 2007-2009 and 3.5% during former president Joe Biden's term. The latter, however, included unusually strong gains as the nation emerged from the pandemic recession. In 2024, Biden's last year in office, the economy grew a healthy 2.8%. Growth had been expected to downshift no matter who won the 2024 election as a post-COVID-19 surge in consumer demand petered out, Americans depleted government pandemic aid and other government stimulus measures faded. But by the end of Trump's term in 2028, the economy will be 1.3% smaller than if his policies had not been enacted, Begley wrote in a report. Also, the unemployment rate is expected to peak at 4.7% in 2027 before falling to 4.4% by the time Trump leaves office. Without his policies, unemployment would broadly hold steady at about 4% and there would be about 885,000 additional jobs, Moody's said. Is inflation ever going to go down? Trump's policies similarly are poised to push up inflation by an average of nearly half a percentage point a year. That would leave annual inflation averaging 2.6% during Trump's term and peaking at 3.1% in 2026, based on the Commerce Department's personal consumption expenditures price index. Inflation then would decline and nearly reach the Fed's 2% goal in 2028, the last year of his term. Absent the president's policies, inflation would achieve the Fed's target next year, Begley's analysis shows. Are tariffs contributing to inflation? Tariffs, by far, represent both the biggest drag on growth and the largest contributor to inflation, Begley said. Companies are expected to pass most of the costs of the duties to consumers, driving up prices. And that's expected to sap their buying power and reduce consumption, which makes up 70% of economic activity. Without the tariffs, the net effects of Trump's policies on growth would be slightly positive, Begley said. The benefits of tax cuts and increased defense and border spending would outweigh the toll taken by the immigration crackdown, federal layoffs and cutbacks to Medicaid and food stamps, he said. What are the negative effects of deportations? Another big hit comes from the deportations. Like the tariffs, the immigration crackdown is projected to both curtail growth and boost inflation. A reduced supply of workers in industries such as construction, agriculture and hospitality is expected to drive up wages and prices. And a smaller population of immigrants means less consumer spending. Here's why Moody's forecast of the effects of Trump's policies is less dire than it was before he took office: Less retaliation from tariffs Although Trump's tariffs are higher than anticipated, Moody's expected more significant retaliation from foreign countries that would batter U.S. manufacturers' exports. At least so far, those nations have taken a more restrained approach. Fewer deportations than expected Moody's figured the Trump administration would seek to deport about 1 million immigrants who lack permanent legal status each year. But Begley said that has proven logistically challenging. Goldman Sachs estimates monthly deportations have averaged an annualized pace of about 600,000. Tax cuts give middle-class Americans more spending money Although Trump vowed during his campaign to eliminate taxes on tips and overtime, Moody's didn't necessarily expect him to follow through. The budget bill, however, scraps taxes on tips up to $25,000 a year and over time up to $12,500.

Air Canada-CUPE Negotiations End in Impasse
Air Canada-CUPE Negotiations End in Impasse

Business Wire

time4 hours ago

  • Business Wire

Air Canada-CUPE Negotiations End in Impasse

TORONTO--(BUSINESS WIRE)--Negotiations between CUPE and Air Canada have ended in impasse. Air Canada still refuses to compensate flight attendants for all hours worked. The union has been firm: all safety-related duties should be paid at full hourly rate. Air Canada does not agree. On wages, Air Canada's last offer will still leave flight attendants living below poverty levels for many years to come. We are heartbroken for our passengers. We do not want to go on strike, and we do not want to be locked out, but it is clear that Air Canada has no incentive to bargain. Rather, Air Canada has refused to bargain in good faith due to the likelihood of the federal government using Section 107 of the Canada Labour Code to interfere in negotiations and have a contract imposed by an outside third-party arbitrator.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store