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China to continue fueling global economy development — NPCSC vice chairperson

Peng Qinghua noted that today's global shifts, the start of a new era and historical changes are "taking place in an unprecedented way"

HAIKOU /China/, April 13. /TASS/. China, as a protector of international order, will continue to fuel the development of the world economy amid the current unprecedented changes in the world, Peng Qinghua, vice chairperson of the Standing Committee of the National People's Congress (NPC, China's top legislative body), said at the opening ceremony of the 4th China International Consumer Products Expo in Haikou city (southern China's Hainan province) on Saturday.

"Today's changes in the world, the change of era and historical changes are taking place in an unprecedented way. China, as a participant in global development, protector of international order and builder of world peace, will steadily promote high-level openness to the outside world and continue to give strong impetus to the development of the world economy," he said.

Speaking about the Hainan Expo, Peng Qinghua noted that its influence has greatly increased over the past three years and it has become the largest presentation of consumer goods in the Asia-Pacific region. Its work, he pointed out, has made significant contributions to the global economic recovery.

In his address to the expo participants, the vice chairperson called for promoting innovation in consumption and boosting its growth, adhering to the green development strategy, deepening scientific and technological innovation and improving industrial productivity. Peng Qinghua also called for jointly ensuring global chains in production and supply.

"The current economic globalization has faced some difficulties, but the world will never return to the state of mutual isolation and separation," he concluded.

Hainan Expo

The 4th China International Consumer Products Expo kicked off on Saturday featuring more than 4,000 brands from more than 70 countries and regions around the world, including Russia. The event will be held from April 13 to 18 at the Hainan International Exhibition Center in Haikou. The total area of all pavilions will amount to 100 thousand square meters. meters. The exhibition is expected to be visited by about 55 thousand professional buyers.

Chinese authorities see this expo as an important part of their efforts to build a free trade port on Hainan. The project implementation program envisages turning the island into a special customs zone.