The 4th China International Import Expo(CIIE) 2021 Summary
Updated: Nov 18, 2021
CIIE Trade and Investment 2021
The 4th CIIE or China International Import Expo unveiled at Shanghai will remodel presentations into commodities and exhibitors into investors, exchange thoughts and join China with the rest of the globe after 4 years of development. CIIE has developed into an international shared platform with 4 key platforms for worldwide procurement, cultural exchanges, investment promotion, and open cooperation. Public goods on a global scale the CIIE's increasingly substantial spillover effect is highlighted through businesses of attractive data and scenes of dynamic situations.
Highlights in 4th CIIE Trade and Investment Promotion
During the fourth edition of the world's largest import exhibition, officials revealed that more than $70 billion in intentional transactions were signed, according to officials who spoke at the CIIE's closing ceremony on Wednesday.
This year's Shanghai Import Expo had more than 2,900 firms from 127 countries and regions, with an exhibition area of 366,000 square meters, a new high in the event's history. During the show, 422 new items and services were introduced.
Consumption, automobiles, and services trade are among the six display categories at the fourth CIIE. The area of the consumer exhibition exceeded 90,000 square meters, making it the largest of all the sectors.
This 4th CIIE attracted over 280 Global 500 firms, with over 40 of them making their debut. For the fourth time, about 120 companies attended the CIIE.
The introduction of new items was done in a concentrated manner. More than 60 exhibitors have unveiled over 100 new items, cutting-edge technology, and creative services at this year's CIIE, ranging from red berries and clear frying oil to heavy trucks and energy-saving hydraulic stations. More than half of the products are world firsts, and many have been tailored specifically for the Chinese market.
Source: Global Times