What Kenyans had to say about Uhuru’s visit to China

06 November, 2018, 03:49 | Author: Sue Mclaughlin
  • The China International Import Expo to be held at Shanghai's National Exhibition and Convention Centre, will feature over 3,000 firms from more than 130 countries and regions this year. The firms will showcase goods and services they hope

Chinese President Xi Jinping and foreign leaders who are attending the first China International Import Expo Monday toured around the Country Pavilion for Trade and Investment, which showcased development achievements and feature products from more than 80 countries.

Xi also promised to accelerate opening of the education, telecommunications and cultural sectors, while protecting foreign companies' interests and enhancing punitive enforcement for infractions of intellectual property rights.

The China International Import Expo is part of official efforts to defuse trade tension while resisting pressure to roll back industry plans that Washington, Europe, Japan and other governments say violate its market-opening obligations.

Expectations had been low that Xi would announce bold new policies of the kind that many foreign governments and businesses have been seeking.

He opened the first annual China International Import Expo in Shanghai, attended by many world leaders and major firms, with a speech acknowledging anger overseas over trade policies in the world's second-largest economy.

The United States and China are locked in a battle over trade, with Trump complaining about the trade gap between the two countries and accusing China of stealing intellectual property and imposing policies that make it more hard for USA companies to access the Chinese market.

They noted China is an important and promising market, and they will tap the potential for cooperation and promote bilateral trade growth and the development of free trade globally.

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International Monetary Fund chief Christine Lagarde also said there remained "room for even greater reform" in China's market.

Ma, 54, who is working to establish an electronic world trade platform, a "digital Silk Road" that lets China trade electronically with several countries, said that the country is shifting away from an export model to an import model and that it would be the "greatest challenge for China". Of that total, China imported about $500-billion of goods from the United States.

Xi praised Shanghai as a center for technology and invention.

But none addresses USA complaints about its technology policy that prompted Trump to impose penalty tariffs of up to 25 percent on $250 billion of Chinese imports.

He also pledged that China will buy more than $30 trillion of goods and more than $10 trillion of services from other countries over the next 15 years, figures that marked an increase on his promise a year ago that China was expected to purchase $24 trillion worth of goods from other countries over the same period. No senior US officials were set to attend the Shanghai event.

China is hosting the first ever import expo that is attended by hundreds of companies and participants from over 130 countries among them Kenyan horticultural farmers and traders. Of G-20 countries, only Russian Federation is sending a head of state or government. The Swiss government said in a statement to Reuters on Sunday that his visit had never been confirmed, and that Secretary of State Marie-Gabrielle Ineichen-Fleisch would represent Switzerland.

Of course, there is always a chance for the trade war to end before these tariffs are imposed but judging by the progress-or rather lack thereof-made so far, this is far from certain. Iran, saffron. Jamaica will be marketing its famed blue mountain coffee and Chad is selling bauxite.

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