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"China has always responded reciprocally," he said of the WTO filing and Chinese investigation announced this week on US sorghum exports to China.
"But now, things have changed. You need to climb to the top to be a winner. After five years of a quiet market, domestic as well as overseas demand is slowly pulling back this year. It poses a new challenge to XCMG."
"CIIE serves as the platform for international procurement, investment promotion, cultural exchange, and opening-up and cooperation," said Wang Bingnan, vice-minister of commerce and director of the CIIE Bureau, while addressing the ceremony. "Amid the COVID-19 pandemic, to successfully host the third CIIE shows China's crucial role and responsibility in restoring the global economy," he added.
"China has made a lot of progress, especially in the last 10 years. It's unfortunate that 'trade war' brings a lot of attention to the negative areas of the relationship, but the IP system in China is a positive area," said Robert Merges, a law professor at University of California, Berkeley and co-director of the Berkeley Center for Law and Technology.
"But now, I see a rapidly developing and socially inclusive Xinjiang," Manenti said.