News

China International Consumer Products Expo further shares Chinese opportunities with world

Published

2 years ago

April 25, 2023

By Zou Xiang, People’s Daily
The third China International Consumer Products Expo (CICPE) was held in Haikou, capital of south China’s Hainan province between April 10 and 15.
The expo had an exhibition area of 120,000 square meters this year, up 20 percent from the previous edition. More than 3,300 brands from 65 countries and regions were displayed at the event, and over 1,000 products under 300 global brands made their debut.
These figures indicate the CICPE’s influence, as well as the huge attractiveness of the Chinese market.
China has always been committed to its fundamental national policy of opening to the outside world and pursued a mutually beneficial strategy of opening up. It strives to create new opportunities for the world with its own development .
The CICPE offered a broad platform for global enterprises to showcase themselves. It is an important channel for them to better connect with the Chinese market and share development opportunities.
China boasts a huge and multi-tier compound consumption market featuring rapid growth. Last year, China imported consumer goods worth 1.93 trillion yuan ($280 billion), up over 100 percent from 2012, and the import via cross-border e-commerce grew 4.9 percent year on year to 560 billion yuan.
China has hosted a number of grand trade fairs over the recent years, including the China International Import Expo, the China International Fair for Trade in Services, the China Import and Export Fair and the CICPE, creating massive opportunities for global enterprises to enter the Chinese market and share China’s development achievements. These events have made the Chinese market a shared market for all global players. It is believed that a more open China will inject even stronger impetus into the recovery of the global economy.
China cannot develop in isolation from the world, and the world also needs China for its development.
China’s economy accounts for over 18 percent of the world’s total, and its contribution to global economic growth averaged 38.6 percent during the 2013-2021 period. It is the world’s largest trading country in goods and services, and boasts the world’s largest and most complete industrial system as well as strong industrial supporting capacity. This is what makes China confident in its high-quality economic development, and an important reason for the international community to be optimistic about the country’s economic prospects.
China will unswervingly open up to the outside world, no matter how the international situation may change. China will only open itself wider to the world. It will provide a better environment and better services to all. For global enterprises that are committed to developing in China, investing in China means a better future.
Profound changes unseen in a century are evolving rapidly in the world. A new round of technological revolution and industrial reform is reshaping the global economic structure. Meanwhile, the world economic recovery remains sluggish and regional conflicts and disturbances are frequent.
Responsibility, cooperation, solidarity, openness and inclusiveness are particularly important in adversity. A successful CICPE proved that openness and cooperation are still the trend of history and win-win cooperation is still what people aspire to. Only through mutual assistance and win-win cooperation and jointly building an open world economy, can countries achieve strong, sustainable, balanced and inclusive growth of the world economy.
The bird view of the Hainan International Convention and Exhibition Center, the venue for the third CICPE, looks like a sea gull spreading its wings to welcome guests from all over the world.
China’s economic development in the past was achieved through opening up to the outside world; if it is to achieve high-quality economic development in the future, it must open up even wider.
On a new journey, China will strengthen open cooperation, build a closer economic tie with the rest of the world, keep improving trade and investment liberalization and facilitation, steadily expand institutional opening up, and foster a market-oriented and world-class business environment governed by a sound legal framework. It will surely bring more opportunities to other countries and inject more positive energy into global economic development.

News

N10bn Alleged Loot: EFCC Probes SGF Akume’s PA ,Torhile Uchi

Published

15 hours ago

March 14, 2025

Online Editor

Indications emerged that the personal Assistant to the Secretary to the Government of the Federation, SGF Senator George Akume, Hon. Andrew Torhile Uchi, is currently in the facility of the Economic and Financial Crimes Commission, EFCC over allegations bordering on corruption, bribery and money laundering amounting to a whooping N10 billion.

A highly placed source at the Commission yesterday, confirmed to our correspondent that the embattled Uchi was invited by the operatives of the Commission on Monday, upon a petition received by the anti-graft agency over Alleged properties he acquired in Abuja, Jos, Makurdi, Gboko and Wannune in Tarka, local government Area of Benue State amounting to over N6 billion.

According to the source, further investigations so far, has revealed that between December 2023 to date the anti-graft agency has been able to trace a whooping N1.6 billion that was allegedly used in buying purch cars through four new generations banks to nine car dealers in Abuja, Kaduna, Lagos, Jos and Makurdi respectively.

The source further added that two Bureau de change operatives are currently been investigated by the Commission, over their alleged involvement in the scam, owing that most of the funds credited to embattled Torhile Andrew Uchi, emanated from their coys.

He said that the Commission is currently working towards getting a court nod to widen the scope of their investigations to the properties in Abuja, Jos and other part of the country to ascertain the source of the income and how the properties were allegedly purchased.

As of the time of filing in this report Mr. Uchi, is still in custody of the Economic and Financial Crimes Commission, EFCC, telling the dreaded operatives of the Commission how he allegedly got the funds which is largely believed to be proceeds from bribes.

Efforts to reach the spokesman of the Commission, Mr Dele Oyewale, proved abortive as his phone lines was said to be switched off.

News

Natasha suspended solely for unruly behaviour – Senate tells IPU

Published

2 days ago

March 13, 2025

Online Editor

The Nigerian Senate has formally responded to Senator Natasha Akpoti-Uduaghan’s complaint to the United Nations Inter-Parliamentary Union (IPU), refuting allegations that her suspension was linked to claims of sexual harassment.

According to Vanguard, Senator Natasha had petitioned the global body, seeking intervention over what she described as an injustice against her.

However, in a letter signed by Senate Leader Opeyemi Bamidele, the Senate insisted that her six-month suspension was due to “gross misconduct and unruly behavior”, not allegations of sexual harassment or assault.

The letter, read by Hon. Kafilat Ogbara, Chairperson of the House of Representatives Committee on Women Affairs and Social Development, stated:

“The authority of the Senate of the Federal Republic of Nigeria firmly refutes the deliberate misinformation and false narrative being circulated by certain media organisations regarding the six-month suspension of Senator Natasha-Akpoti-Uduaghan.”

It further emphasized that “Senator Uduaghan was suspended solely for her persistent act of misconduct and disregard for the Senate Standing Orders.”

Additionally, the Senate called for a thorough investigation into the allegations she raised against Senate President Godswill Akpabio, maintaining that all due procedures were followed before her suspension.

Senator Natasha, however, vowed to continue her fight against “injustice”. Meanwhile, Senate President Akpabio has denied the accusations, asserting that he has never assaulted any woman.

The dispute between the two lawmakers intensified on February 20, 2025, after Natasha’s seat was changed during plenary. Their tensions date back to July 2024, when Akpabio rebuked her for alleged misconduct, telling her the Senate was “not a nightclub where anybody can talk anyhow.” He later apologized for the remark.

News

Gov Okpebholo recalls Edo Attorney General, Osagie, from suspension

Published

2 days ago

March 13, 2025

Online Editor

Edo State Governor, Senator Monday Okpebholo, has reinstated the Attorney General and Commissioner for Justice, Hon. Samson Osagie, exactly 37 days after his suspension.

A letter addressed to Osagie by the Secretary to the State Government (SSG), Umar Ikhilor, Esq., and marked SGA. 15/NOL.XV111/215, conveyed the governor’s directive. The letter, dated March 12, 2025, and released at 8:15 p.m., stated that an investigative panel had exonerated Osagie of alleged financial infractions.

The letter read: “Having considered the report of the Investigative Panel set up by Government to investigate allegations of financial infractions reported against you, which has exonerated you from the said allegations, I write to convey the directive of the Governor of Edo State, His Excellency, Senator Monday Okpebholo, that you resume duties as the State Hon. Attorney General and Commissioner for Justice with effect from 12th March, 2025.”

Reacting to his reinstatement, Osagie expressed appreciation for the governor’s leadership, describing the decision as a testament to Okpebholo’s sincerity and vision for Edo State.

“I appreciate his sincerity of purpose and vision for the state. This is a clear indication that His Excellency, Sen. Monday Okpebholo, means well for the state. I use this medium to reiterate my commitment and loyalty to him and his administration,” Osagie said.

He further pledged to support the governor in advancing Edo State, emphasizing his dedication to ensuring progress and recovery in the state’s governance.