Extrusion 8-2023

24 Branche Intern Extrusion 8/2023 effect in the Philippines, remarking the full implementation of RCEP among all 15 signatories. This agreement allows for the sharing of economic development bene- fits and reinforcing the growth of global trade and investment. For most RCEP members, China is their largest trading partner. In the first half of 2023, the total import and export volume between China and other RCEP members reached RMB 6.1 trillion (USD 8,350 billion), con- tributing over 20% to China's internatio- nal trade growth. In addition, as the "Belt and Road Initiative" celebrates its 10th anniversary, there is a pressing demand for infrastructure and manufacturing in- dustry, and the market potential along the Belt and Road routes is poised for de- velopment. The global buyer team of the show or- ganizer has received positive feedback China's economy is showing signs of quick recovery while Asia acts as the lo- comotive of the global economy. As the economy continues to rebound, the exhi- bition industry, which is regarded as an economic barometer, is experiencing a strong recovery. Following its impressive performance in 2023, CHINAPLAS 2024 will be held from April 23 - 26, 2024 , oc- cupying all 15 exhibition halls of the Na- tional Exhibition and Convention Center (NECC) in Hongqiao, Shanghai , PR China , with a total exhibition area of over 380,000 sqm. It is ready to receive more than 4,000 exhibitors from around the world. The market trends of decarbonization and high-value utilization are unlocking the golden opportunities for the high- quality development of the plastics and rubber industries. As Asia’s no. 1 plastics and rubber trade fair, CHINAPLAS will spare no efforts to promote the high-end, intelligent, and green development of the industry. The exhibition is making a strong comeback to Shanghai after a six-year ab- sence, upholding the anticipation within the plastics and rubber industries for this reunion in Eastern China. The industrial sector is the cornerstone of the macro-economy and the frontline for stable growth. Starting from June 2, 2023, the Regional Comprehensive Eco- nomic Partnership (RCEP) officially took Long-awaited Return to Shanghai after Six Years Rising Expectations to CHINAPLAS 2024 from the Industry during their visits to overseas markets. A number of business associations and companies from various countries and re- gions have expressed their anticipation and support for CHINAPLAS 2024, and have started organizing delegations to join this annual mega event. Seizing New Opportunities in China’s Market : Besides the rebound of foreign trade performance, domestic demand is also seeing a strong recovery. In recent years, China's manufacturing industry has been striving for high-quality develop- ment, high value-added and smart ma- nufacturing. Among them, the Ministry of Industry and Information Technology in China, in collaboration with relevant de- partments, has released robust growth plans for ten key industries, including chemicals, building materials, auto- mobiles, light industry, and electronic in-