Uncategorized
China International Consumer Products Expo further shares Chinese opportunities with world
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.
By Fabian Apechihin
The 2026 Constitution Amendment Bill has moved to the state level following its consideration by the National Assembly, paving the way for state legislatures to consider the proposed amendments.
The development comes amid renewed attention on constitutional reform and ongoing discussions over proposed changes to Nigeria’s governing framework.
Meanwhile, the House of Representatives has defended FCT Minister Nyesom Wike over allegations surrounding borrowing by the Federal Capital Territory Administration.
House spokesperson Akin Rotimi Agbese, speaking in an interview with Channels Television, rejected claims that Wike had undertaken borrowing without the knowledge or approval of the National Assembly.
Agbese said the FCT minister could not independently create a sovereign borrowing obligation, stressing that public borrowing is subject to constitutional, statutory and administrative procedures.
“Wike has committed no infraction in borrowings. There is no basis for the allegation that he has been borrowing money behind the back of the National Assembly,” Agbese said.
He explained that borrowing to finance infrastructure was not unlawful where the required approvals and procedures had been followed.
“Borrowing for infrastructure development is not unlawful in itself, provided the prescribed approvals and procedures are followed,” he added.
The House spokesperson further argued that an increase in the FCT’s debt profile should not automatically be interpreted as evidence of illegal borrowing, citing the scale of infrastructure projects being undertaken in Abuja under Wike.
According to Agbese, the key issue is whether the appropriate approvals were obtained for specific borrowing transactions, rather than simply whether the FCT’s overall debt profile has increased.
The comments come as scrutiny continues over public borrowing, infrastructure financing and the legal procedures governing government debt at both the federal and sub-national levels.
By Fabian Apechihin
The 2026 Constitution Amendment Bill has moved to the state level following its consideration by the National Assembly, paving the way for state legislatures to consider the proposed amendments.
The development comes amid renewed attention on constitutional reform and ongoing discussions over proposed changes to Nigeria’s governing framework.
Meanwhile, the House of Representatives has defended FCT Minister Nyesom Wike over allegations surrounding borrowing by the Federal Capital Territory Administration.
House spokesperson Akin Rotimi Agbese, speaking in an interview with Channels Television, rejected claims that Wike had undertaken borrowing without the knowledge or approval of the National Assembly.
Agbese said the FCT minister could not independently create a sovereign borrowing obligation, stressing that public borrowing is subject to constitutional, statutory and administrative procedures.
“Wike has committed no infraction in borrowings. There is no basis for the allegation that he has been borrowing money behind the back of the National Assembly,” Agbese said.
He explained that borrowing to finance infrastructure was not unlawful where the required approvals and procedures had been followed.
“Borrowing for infrastructure development is not unlawful in itself, provided the prescribed approvals and procedures are followed,” he added.
The House spokesperson further argued that an increase in the FCT’s debt profile should not automatically be interpreted as evidence of illegal borrowing, citing the scale of infrastructure projects being undertaken in Abuja under Wike.
According to Agbese, the key issue is whether the appropriate approvals were obtained for specific borrowing transactions, rather than simply whether the FCT’s overall debt profile has increased.
The comments come as scrutiny continues over public borrowing, infrastructure financing and the legal procedures governing government debt at both the federal and sub-national levels.
By Fabian Apechihin
The Peoples Democratic Party (PDP) has reaffirmed its intention to contest the 2027 presidential election despite the decision of Federal Capital Territory Minister, Nyesom Wike, to support President Bola Ahmed Tinubu’s re-election bid.
The party said Wike’s decision was personal and did not alter its position to participate in the presidential election with its candidate, Senator Sandy Onor. PDP National Publicity Secretary, Jungudo Haruna Mohammed, made the clarification on Wednesday.
According to the party, a recent conversation between Wike and Onor should not be interpreted as a political negotiation between the minister and the PDP.
“He told Nigerians that Sandy is his friend. And they only had a friendly discussion within the umbrella of friendship. So, that is just a personal discussion between him and his friend,” Mohammed said.
He added that Wike’s support for Tinubu did not prevent the PDP from fielding candidates for the presidential, governorship and legislative elections.
Wike had earlier clarified that his support in 2027 was specifically for Tinubu’s presidential re-election and did not amount to an agreement that the PDP would withdraw from other electoral contests. He also said he never promised that the PDP would abandon its candidates for governorship, National Assembly and State House of Assembly elections.
“I said I will support the President from day one. I never told Mr President I will join APC,” Wike said.
The minister also maintained that his proposed Rainbow Coalition was not an arrangement with the All Progressives Congress (APC), but rather a platform through which politicians from different parties could mobilise support for Tinubu’s re-election.
The issue has generated disagreement with some APC governors, who have expressed concern about a political arrangement that could affect the party’s candidates at other levels.
APC Progressive Governors’ Forum Chairman, Hope Uzodinma, said the governors would not support any alliance or arrangement that could weaken the APC or adversely affect its candidates.
Meanwhile, APC presidential campaign council spokesperson Ima Niboro has urged Wike and APC governors to end their public exchanges and concentrate on political mobilisation.
“When I said tone down the rhetoric, I do not mean stop working. Stop talking, go and work,” Niboro said.
He urged political leaders to strengthen their grassroots structures and engage directly with voters rather than continue exchanging statements in the media.
“All this shouting is not taking anybody anywhere. Go and work. Go and establish your authority on your political base,” he said.
2026 Constitution Amendment Bill Moves to States
2026 Constitution Amendment Bill Moves to States
2027: PDP Insists on Presidential Contest Despite Wike’s Support for Tinubu
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