{"id":123938,"date":"2018-10-24T04:50:10","date_gmt":"2018-10-24T04:50:10","guid":{"rendered":"http:\/\/news.frankfortonline.com\/story\/123938\/experts-in-us-hail-key-role-of-ciie-in-shanghai.html"},"modified":"2018-10-24T04:50:10","modified_gmt":"2018-10-24T04:50:10","slug":"experts-in-us-hail-key-role-of-ciie-in-shanghai","status":"publish","type":"post","link":"http:\/\/www.honolulunewsnow.com\/news\/story\/123938\/experts-in-us-hail-key-role-of-ciie-in-shanghai.html","title":{"rendered":"Experts in US hail key role of CIIE in Shanghai"},"content":{"rendered":"
By emphasizing imports and hosting import-centered events, China is showing its willingness to take responsibility and solve problems in trade, a US expert said on Monday.<\/div>\n

Robert Kuhn, a long-time China expert who produced an award-winning TV series on China, added: “China is saying, ‘We recognize there are these deficits that have occurred. And now we are addressing the problem’.”<\/p>\n

Attending a forum held by Fudan University at Harvard University, Kuhn pointed to the China International Import Expo that will be held in Shanghai in early November as a platform for China to express its willingness to further open up its market and create opportunities for foreign businesses.<\/p>\n

“This expo for imports is to address all import issues that China has, which is a major factor (of) how China deals with the world,” said Kuhn. “It shows China is facing problems.”<\/p>\n

One of those problems, according to Kuhn, is that the “China model” – with its cheap, hard-working labor, well-constructed infrastructure and logistics systems – has made China the manufacturing center of the world over the past few decades.<\/p>\n

That in turn created significant trade surpluses for China, which some countries were no longer happy about, claiming that trade between China and other countries was unbalanced.<\/p>\n

“That’s not China’s fault,” said Kuhn, pointing out that it is the nature of people to purchase good products at cheaper prices, something everyone benefits from.<\/p>\n

Still, acknowledging the problem, China has taken the “innovative approach” of hosting the first-ever import expo in the world, reaching out to the outside world and showcasing the fact that China is open to buying things it needs, Kuhn said.<\/p>\n

The six-day expo, which will start on Nov 5, has attracted around 2,800 businesses from more than 130 countries and regions. It will feature forums on a variety of topics and industries, country-themed promotional events and matchmaking sessions for Chinese and foreign companies.<\/p>\n

“I hope it will be very successful economically,” said William Overholt, a senior research fellow at Harvard Kennedy School. “I also hope it will be a forum for conversations about how differences on economic policy between different countries can be resolved.”<\/p>\n

The location of the expo, Shanghai, is especially a wise choice, according to experts.<\/p>\n

“It is a very attractive city, which has made extraordinary progress,” said Joseph Nye, former dean of the Kennedy School.<\/p>\n

“That’s true for China as a whole, but Shanghai illustrates it extremely well,” he said.<\/p>\n

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\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

By emphasizing imports and hosting import-centered events, China is showing its willingness to take responsibility and solve problems in trade, a US expert said on Monday. Robert Kuhn, a long-time<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/posts\/123938"}],"collection":[{"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/comments?post=123938"}],"version-history":[{"count":0,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/posts\/123938\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/media?parent=123938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/categories?post=123938"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/tags?post=123938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}