The third China International Import Expo is being held currently, from November 5 to 10, in Shanghai. This year’s event welcomed a total of 400,000 registered professional buyers, among which, 2,238 have an annual turnover of more than $1 billion.
The expo has six exhibitions in total:
- Food & agricultural products
- Technical equipment
- Consumer goods
- Medical devices & healthcare products
- Trade in services
More than 70% of the world’s Fortune 500 companies are attending including major players from various industries, such as, US medical devices company Abbott, Swiss luxury goods group Richemont and French tyre manufacturer Michelin.
The key theme of this year’s expo was a focus on opening up and growing trade cooperation between China and other countries. According to President Xi’s speech, measures to support this will include a legal framework to promote transparency and an increased focus on intellectual property protection. Prior to the conference, Chinese authorities also announced plans to set up ten demonstrations zones in key Chinese provinces to encourage imports.
“Our aim is to turn the China market into a market for the world, a market shared by all, and a market accessible to all.”President Xi’s keynote speech via video to the CIIE
All expo participants were required to take a COVID-19 test prior to entry to ensure the safety of the event.