Premier Wen Jiabao announced Sunday in Guangzhou that
the 50-year-old Chinese Export Commodities Fair will change its
name to the Chinese Import and Export Commodities Fair from next
session.
The fair, also known as Canton Fair, has been a biannual event held
in spring and autumn since 1957. Wen said it will take the new name
in the 101 session.
The move aims to expand China's import and pushes for the balanced
development of China's foreign trade, said Wen.
He said China will resolutely implement the opening-up policy and
encourage Chinese companies to invest abroad and also welcome
foreign companies to invest in China.
China will perfect its economic rules and laws concerning foreign
business, continue to improve the intellectual property rights
protection, and create a fair environment for all the companies, he
said.
Wen said that the Canton Fair is a showcase of China's reform and
opening up drive and the country can not develop without
cooperation with the rest of the world.
He said the fair is in the need of China's opening up drive and is
an important part of China's "win-win" strategy.
He pointed out that the country is to be abided by the regulations
of the World Trade Organization and be active in participating in
building the global multilateral trade mechanism.
China will make efforts to absorb advanced technology and
management expertise from foreign countries, and learn from all the
achievements of the mankind.
(Xinhua News Agency October 16, 2006)