HomeLatestChina Focus: More new enterprises tapping China's import expo

China Focus: More new enterprises tapping China's import expo

SHANGHAI, July 28 (Xinhua) — More new abroad enterprises will take part within the sixth China International Import Expo (CIIE) slated to be held in Shanghai from Nov. 5 to 10 this yr to faucet the Chinese market.

Nearly 20 Fortune 500 enterprises, leading-industry corporations, and over 500 small and medium-sized enterprises have signed as much as take part within the main import expo for the primary time, in response to the CIIE Bureau.

Among the first-time contributors is the Japanese way of life model MUJI. Shimizu Satoshi, board chairman and managing director of MUJI (Shanghai) Company Limited, stated with the CIIE debut, the corporate hopes to exhibit its unwavering dedication to being deeply rooted within the Chinese market.

Attracted by the rising buying energy of shoppers within the nation of 1.4 billion folks, about 200 enterprises have signed as much as attend the occasion for six consecutive years. It demonstrates their dedication to and confidence on this planet’s second-largest financial system.

A mixed enterprise exhibition space of over 360,000 sq. meters has been booked to this point, with enterprises able to showcase their latest services. About 2,000 new merchandise, applied sciences, and companies had been first launched prior to now 5 periods.

There shall be six enterprise exhibition areas for meals and agricultural merchandise, vehicles, clever {industry} and data know-how, client items, medical gear and healthcare merchandise, and the companies commerce.

Forty enterprises have even signed as much as attend the seventh CIIE subsequent yr, with over 30,000 sq. meters of enterprise exhibition space booked up to now, in response to the organizer.

Zhu Min, head of the Shanghai Municipal Commission of Commerce, stated that the town’s 60 buying and selling platforms working all year long have introduced in almost 200,000 exhibited merchandise from the CIIE, importing 323 billion yuan (about 45.3 billion U.S. {dollars}) value of products.

The sixth CIIE will happen utterly offline this yr after the nation optimized its COVID-19 management measures. As the world’s first import-themed national-level expo, the occasion serves as a platform to share China’s enterprise alternatives with nations and enterprises globally to spice up sluggish financial progress.

Sun Chenghai, deputy director of the CIIE Bureau, stated that many international locations and worldwide organizations have confirmed to attend the nation exhibition part, which shall be held offline and have visitor international locations of honor this yr. The nation exhibition has been held on-line over the previous two years in the course of the pandemic.

Tu Xinquan, head of the China Institute for WTO Studies of the University of International Business and Economics, stated the CIIE despatched the world a transparent sign of China’s dedication to reform and opening up and steady assist to financial globalization and likewise demonstrated China’s picture as a significant accountable nation.

“China’s opening up has injected certainty into the world economy, with the import expo benefiting the world,” stated Tu.