China will use a giant import fair in Shanghai next week to try to showcase its ...
SHANGHAI - China will use a giant import fair in Shanghai next week to try to showcase its free trade credentials, temper criticism of its policies and deepen its global economic influence at a time of fresh uncertainty over the China-U.S. trade war.
The United States and China had hoped to sign a deal to ease trade tensions at the meeting in South America. U.S. President Donald Trump said the deal would still happen, although the venue remains unclear. “The import expo is a very important international relations tool for China. It’s more than just saying that it’s open for business,” said Rodrigo Zeidan, an associate professor of business and finance at New York University in Shanghai.The event dovetails with China’s signature Belt and Road initiative to invest heavily in the development of land and sea links to Central Asia and Europe, as well as efforts to deepen economic links within Asia, he said.
“China is trying to play a more important role with the WTO, especially given the U.S. disinterest, or potential interest in leaving the WTO altogether,” said Zhu Ning, a professor of finance at Tsinghua University. But U.S. business would be well represented, and Chinese Foreign Ministry spokesman Geng Shuang said on Wednesday there would be more American companies taking part this year than last year.
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