U.S. exhibitors have once again claimed the largest exhibition area at the China International Import Expo (CIIE) in Shanghai, marking their seventh consecutive year of dominance at Asia's premier trade event. The strong showing underscores enduring confidence in the Chinese mainland's economic trajectory, with global firms eyeing opportunities in a market projected to exceed 170 trillion yuan ($24 trillion) by 2030.
Over 200 U.S. companies spanning sectors like tech, agriculture, and green energy showcased innovations at the expo, reflecting a strategic focus on China's evolving consumer demands and policy priorities. 'The scale of China's middle class and its commitment to high-quality development make it irreplaceable,' said a representative from a California-based clean energy firm.
Other international participants echoed this sentiment, with European and ASEAN exhibitors expanding their footprints by 12% compared to 2022. Analysts highlight that the CIIE's role as a barometer for foreign investment sentiment aligns with China's steady post-pandemic recovery and its 5.2% GDP growth in the first three quarters of 2023.
For business leaders and investors, the expo signals both short-term opportunities in sectors like elderly care and electric vehicles, and long-term confidence in China's transition to innovation-driven growth. As supply chains recalibrate across Asia, the CIIE continues to serve as a critical platform for cross-border partnerships.
