NANNING Nike Classic Cortez SP Nylon Zapatillas Verdes Marrón España , Sept. 12 (Xinhua) -- The 14th China-ASEAN Expo openedTuesday in southern China's Guangxi Zhuang Autonomous Region,highlighting trade and investment among China, ASEAN and othercountries along the Belt and Road.
The expo, "Co-Building the 21st Century Maritime Silk Road,Promoting Regional Economic Integration through Tourism," is inNanning, capital of Guangxi.
The four-day event attracted over 2,700 exhibitors Nike Air Max 270 Flyknit Hombre Triple Black Rebajas , up 1.5percent from the previous event, while the number of buyers isexpected to exceed 10,000, including about 4,000 internationalbuyers, according to Yang Yanyan from the expo secretariat.
The China-ASEAN Business and Investment Summit also openedTuesday.
The expo features 6,600 exhibition booths, an increase of 800from the previous event. It includes 36 forums in fields such asindustrial capacity cooperation Nike Air Max 270 Mujer Triple White España , environmental protection, culture,transport and tourism.
A focus of this year's event is the Belt and Road Initiative, asa display area is dedicated to products from countries along theBelt and Road, such as Kazakhstan, Sri Lanka, Nepal and Pakistan.Kazakhstan took part in the expo with a delegation of more than 200people, as the first country along the Silk Road Economic Belt thatwas invited as a special partner.
The expo has helped China-ASEAN trade. China has expanded itsexport of electronic products Comprar Nike Air Max 98 SE Team Rojas Hombre , construction materials, powerequipment, construction machines, as well as technology in newenergy, high-speed trains and agriculture, to ASEAN member states.The bloc's food, daily goods and bulk commodities are favored byChinese buyers.
Bei Xianwen who started to sell Vietnamese shoes in China 16years ago succeeded after the first China-ASEAN Expo in 2004.
"I sold only around 20,000 pairs of shoes in 2001. But the eventhelped me break the ice. Now I have more than 30 shops in Guangxiand sell more than 100,000 pairs a year," Bei said.
ASEAN is China's third-largest trading partner, while China isthe association's largest trading partner. China-ASEAN tradereached 452.2 billion U.S. dollars last year and the volume hit 277billion U.S. dollars from January to July this year. Enditem
E-commerce giant Alibaba Group Holding announced on Wednesday that it will set up Alibaba Sports Group, aiming to take a bigger share in the lucrative sports industry of China.
The launch of the Sports Group serves as one of the latest moves from Alibaba in China's sports industry after the e-commerce titan invested 1.2 billion yuan ($192 million) for a 50 percent stake of Guangzhou Evergrande, China's most successful soccer club and former Asian Champions League winner.
Alibaba also had cooperation with German champions Bayern Munich, Spanish giants Real Madrid and US National Basketball Association star Kobe Bryant.
Alibaba founder and chairman Jack Ma Yun once said providing health and happiness will be Alibaba's two main priorities in its next decade's development. And sports Superme x Nike Air Max 98 Negras Doradas Rebajas , Alibaba believes, can achieve both.
With the latest campaign, Alibaba said it hopes to bring "digital and economic" thinking to China's already booming sports industry, reshape the whole of the industry and make consumers enjoy much more comfortable and convenient sports services.
On back of 10 years' development and especially the successful hosting of the 2008 Beijing Olympic Games, China's sports industry has taken on shape and grown on a fast track.
Promoting fitness has also become one of the country's national strategies, with the Chinese government announcing plans last year to develop the country's sports industry and raise the sector's annual output to 5 trillion yuan by 2025.
With Beijing winning the hosting right of the 2022 Winter Olympic Games in July, the local sports industry is expected to become an even bigger cake.
Alibaba said it will be engaged in all aspects of the sports industry, including sports events operations Ofertas Nike Air Max 97 Mujer Blancas , business marketing and ticketing.
Separately, Alibaba's head of investor relations, Jane Penner, was quoted by Reuters as saying at a tech conference in New York on Tuesday that the company expected its total value of transactions to be lower in the second quarter than previously thought, as China's economic slowdown is taking a bite out of consumer spending.
"We are still seeing actually high engagement by buyers on our platforms ... but lower average order values, for example," Penner told Citi's Global Tech Conference, according to an online playback of the comments
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