The 6th China International Import Expo has once again been a shining and attractive stage for cutting-edge technologies and new ideas, demonstrating China's commitment for high standard opening-up and innovation.
Innovation and new development models, as multinationals concluded at the CIIE, cover new energy, industrial digitalization, electric vehicle, 5G, AR/VR, and metaverse sectors.
They fit well with national strategies such as developing a sustainable economy with carbon neutrality targets and information infrastructures to issue industrial upgrade and boost digital trade and consumption.
China will actively expand imports, promote coordinated development of trade in goods and services, implement negative lists for cross-border service trade, support innovation in foreign trade formats and models, and boost digital trade, Chinese Premier Li Qiang said during the CIIE's opening ceremony.
He also emphasized to stabilize global industrial and supply chains to achieve inclusive and sustainable growth in the world.
Ericsson, Europe's biggest telecommunications equipment maker, expected "the next wave of 5G" is coming.
After 5G base station construction, it's time to explore more commercial value of 5G business. The tech giant expected booming opportunities such as smart factories and XR (AR/VR) applications.
With a 130-year history in China, Ericsson has established manufacturing plants and its world's second biggest research center in China.
In CIIE, HTC VIVE demonstrated various XR industry applications, covering work, entertainment, art, and life, and innovation of enterprise use. The highlights include the VIVE Mars CamTrack, which allows people to create content with virtual scenes easily and a digital virtual reality tour of the Notre Dame in Paris.
HTC VIVE is expanding its virtual reality ecosystem to boost VR and Metaverse applications in business, covering tourism and education. It fits well with Shanghai's and China's strategy to develop the Metaverse industry.
Meanwhile, local innovation is an important inspiration for multinationals as further opening-up initiatives invite more stakeholders to take part in product co-creation, said fifth-time participant Estée Lauder.
"Chinese consumers are the source of inspiration for our product creation and in the future we will launch more China-led R&D projects to better cater to local needs, and we also look forward to the new products born in China going to global markets," said president and CEO of Estée Lauder Companies China Joy Fan.