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As to the exchange rate, Citibank maintains its baseline view that US dollar-yuan will fluctuate within 6.2 – 6.6 this year, with the trade factor playing a larger role in its movements.

As with many other sectors, China has continued to open up its markets to the inspection and testing sector, which has provided business opportunities for foreign companies, said Qiao Dong, chief of laboratory and testing supervision at the administration.

As well as offering opportunities for companies from G20 countries to further diversify market channels in China, the CIIE is also welcoming more than 30 of the world's 44 least-developed countries.

As the real economy and financial sector further open up, related structural reforms and ongoing technological innovation will continue to drive productivity toward higher quality, and long-term economic growth. These measures will promote the development of China and the world economy, so that China will continue to be the growth engine of the global economy and provide a significant market for the development of the world economy.

As the world's first import-themed national expo, the CIIE has become a name card of China's greater opening-up measure. With the world still struggling to recover from the fallout of the COVID-19 pandemic, the third CIIE is set to inject confidence into the sluggish global economy.