Chinese import expo sees over $83.49B in deals

ISTANBUL

The eighth China International Import Expo concluded on Monday with a record of $83.49 billion one-year intended deals, up 4.4% from the previous edition and hitting a new high, according to expo officials.

The development followed Chinese President Xi Jinping and US President Donald Trump's summit in South Korea last month, where the two sides agreed to a one-year trade and tariff agreement.

Held on Nov. 5-10 in the eastern city of Shanghai, the expo attracted 4,108 enterprises from 138 countries and regions, as well as 290 companies and industry leaders from the Fortune Global 500, according to state-run Xinhua news.

The six-day event featured 461 new products, technologies, and services across industries such as biomedicine, technical equipment, and green and low-carbon technology.

The eighth expo hosted 43 trade delegations and more than 700 sub-delegations, with over 460,000 registered attendees, up 7% from the previous year.

For 16 consecutive years, China has been the world's second-largest import market, with the country’s goods and services imports during the 14th Five-Year Plan period (2021-2025) expected to exceed $15 trillion, according to Vice Commerce Minister Sheng Qiuping.

Launched in 2018 as the first national-level expo focused on imports, the event was created to promote China's opening-up and transform its vast market into a global shared opportunity.

ISTANBUL

The development followed Chinese President Xi Jinping and US President Donald Trump's summit in South Korea last month, where the two sides agreed to a one-year trade and tariff agreement.

The six-day event featured 461 new products, technologies, and services across industries such as biomedicine, technical equipment, and green and low-carbon technology.

The eighth expo hosted 43 trade delegations and more than 700 sub-delegations, with over 460,000 registered attendees, up 7% from the previous year.

Launched in 2018 as the first national-level expo focused on imports, the event was created to promote China's opening-up and transform its vast market into a global shared opportunity.