BEIJING, Nov. 4 (Xinhua) -- This year's China International Import Expo (CIIE), scheduled to run from Nov. 5 to 10, is the first important economic event that China hosts after the fourth plenary session of the 20th Central Committee of the Communist Party of China. It once again demonstrates China's determination to promote high-standard opening up and shared development with the rest of the world.

In the recommendations for formulating the 15th Five-Year Plan (2026-2030) adopted at the session concluded in late October, China reaffirmed its commitment to continuing to expand opening up at the institutional level, safeguarding the multilateral trading system, and promoting broader international economic flows. "We should draw momentum from opening up to propel reform and development, and share opportunities with the rest of the world and promote common development," according to the recommendations.

Eight years since its inception, the CIIE has stood as a vital gateway for foreign companies to tap new partnership opportunities with China, linking international enterprises with China's super-sized market.

The 8th CIIE features the largest exhibition space in its history and brings together a record 4,108 enterprises from 138 countries and regions. American companies have ranked the first in terms of exhibition space for seven consecutive years. These have reflected the international community's enduring confidence in China's economy.

For businesses that have set their sights on China's growth opportunities, the CIIE is an unmissable event. Some 461 new products, new technologies and new services will be introduced at this year's expo, covering humanoid robots, digital consumption, silver economy and low-altitude economy. It will provide rich opportunities to share the fruits of innovation and access China's expanding consumer market.

Through attending the CIIE, foreign companies can gain more knowledge about China's market development, consumption trends and habits. More importantly, they are able to meet their Chinese partners and consumers face to face, which facilitates exchanges and the discovery of cooperation opportunities.

Notably, this year's expo expands the dedicated section for products from African countries with diplomatic ties to China, allowing their businesses to fully leverage zero-tariff policies.

The CIIE has been successfully held for seven consecutive years, with a cumulative intended transaction volume exceeding 500 billion U.S. dollars, helping enterprises across the globe tide over market fluctuations.

China's gross domestic product grew 5.2 percent year on year in the first three quarters. With a solid foundation, strong resilience and vast potential, the Chinese economy will continue to serve as a powerhouse of the global economy, as it continues its pursuit of high-quality development.

Throughout these years, China's sincerity in sharing development opportunities has been plain for all to see. Looking into the future, China is ready to work with all parties to further contribute to shared prosperity. ■