China is expected to import commodities worth 24 trillion U.S. dollars and attract 2 trillion dollars of foreign direct investment in the next 15 years.
As one of the four major events to be hosted by China this year, the CIIE is seen as a major measure by China to resolutely support free trade, which also accords with Xi's proposal to pursue open, innovative and inclusive development that benefits everyone.
At the Boao Forum for Asia annual conference in April, the Shanghai Cooperation Organization Qingdao Summit in June, and the 2018 Beijing Summit of the Forum on China-Africa Cooperation in September, Xi also expounded on China's policies on supporting globalization and opening wider to the outside, which was met with a warm response.
China's reform and opening-up policies are sure to promote recovery of the world economy and safeguard the stability of multilateral trading system at a time when the system suffered setbacks, said Fan Zhiyong, a researcher with the National Academy of Development and Strategy of Renmin University of China.
As the Belt and Road Initiative proposed by Xi has entered its fifth year, the initiative has been a sought-after public commodity across the globe.
The concept of building a community with a shared future for humanity has become an important notion for the progress of human civilization.
"Under a notion of peace, development, cooperation and mutual benefit, China's window of opportunity is turning into the world's window of opportunity," said Wang Yiwei, a professor with the Institute of International Affairs of Renmin University of China.
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