Cablegate: Canton Export Commodities Fair: Not Just Exports Anymore
VZCZCXRO1137
RR RUEHCN RUEHGH RUEHVC
DE RUEHGZ #1300 2900654
ZNR UUUUU ZZH
R 170654Z OCT 06
FM AMCONSUL GUANGZHOU
TO RUEHC/SECSTATE WASHDC 4523
INFO RUEHOO/CHINA POSTS COLLECTIVE
RUCPDOC/USDOC WASHDC
RUEHRC/USDA FAS WASHDC 0919
RUEATRS/DEPT OF TREASURY WASHDC
RUEAIIA/CIA WASHDC
RUEKJCS/DIA WASHDC
RHHMUNA/HQ USPACOM HONOLULU HI
UNCLAS GUANGZHOU 031300
SIPDIS
SENSITIVE
SIPDIS
STATE PASS USTR
PACOM FOR FPA
E.O. 12958: N/A
TAGS: ETRD ECON BEXP CH
SUBJECT: Canton Export Commodities Fair: Not Just Exports Anymore
(U) This cable is Sensitive But Unclassified. Please handle
accordingly.
1. (U) Premier Wen Jiabao - with Vice Premier Wu Yi and Minister of
Commerce Bo Xilai in attendance - announced at the October 15
opening ceremony of the 100th session of the Canton Export
Commodities Fair that the Fair will be renamed the Canton Import and
Export Commodities Fair. Premier Wen commented that the name change
signals the desire of China to achieve a basic balance between
imports and exports.
2. (SBU) The Premier offered no details on how the name change would
concretely affect the Fair. It could well be just an attempt to
shed China's image as an export-oriented economy and thus a measure
to deflect criticism of its perennial trade surpluses. However, if
representatives of foreign import companies are permitted to
participate in the upcoming April Commodities Fair, it would signal
a significant shift in the character of the Fair, and reinforce the
Government's efforts to promote domestic consumption and adjust its
trade imbalance - all of which would be good for U.S. business and
for China's following through on its commitment to enhance market
access. In his speech, Premier Wen also highlighted the need for
IPR protection, observance of WTO rules, and the need to refine
foreign-related economic laws and regulations.
GOLDBERG