The China-Asia Online Purchasing Meeting and Chongqing Power and New Energy Session was launched in Chongqing on October 26. It was guided by the Department of Asian Affairs of the Ministry of Commerce and co-organized by the Chongqing Municipal Commission of Commerce and China Chamber of Commerce for Import and Export of Machinery and Electronic Products.
Specifically, the Session will last until November 4. Driven by modern information technologies, including the Internet, cloud videos, and big data, it introduces offline resources to online platforms. It realizes one-to-one exchanges between Chongqing companies and overseas buyers. As a result, the previous face-to-face communication on foreign trade has been replaced by screen-to-screen contact. Companies in the city and Asia embrace an online economic and trade cooperation platform.
Chongqing has been weaving itself in the joint construction of the Belt and Road and accelerating to grow into an exemplary city of opening-up in inland China. It has obtained substantial developments in promoting an open economy. In 2019, Chongqing realized USD 84 billion worth of imports and exports, ranking 11th in China and 2nd in the middle-west region. Profiting from the city’s efforts to overcome the influences of COVID-19, it booked USD 65.76 billion in foreign trade revenue, up by 8.6%, in the first three quarters of 2020. The total foreign trade volume of the year is estimated to exceed USD 90 billion.
The Belt and Road Initiative is carried out more thoroughly, and such international logistics channels as China Railway Express (Chongqing) to Europe and New International Land-Sea Trade Corridor run smoothly. These lead to the increasingly deep collaboration between Chongqing and Asian countries and continuously expanding trade and two-way investment. 2019 saw a year-on-year rise of 25% in the exports from Chongqing to Asian countries, topping USD 18.54 billion. Despite the negative impact on bilateral communication due to the pandemic in 2020, the two parties still welcomed positive trade contacts and an almost two-digit growth rate in trade volume, thanks to their solid cooperation foundation.
During the following ten days, 30 Chongqing companies and 50 foreign buyers from Pakistan, the Philippines, Vietnam, and Colombia have participated in the nearly 20 online one-to-one trade negotiations and product exhibitions. Attending companies from Chongqing, which engage in the import and export of power and new energy, include Chongqing Zongshen General Power Machine and Chongqing RATO Holding Group.
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