The eighth China International Import Expo (CIIE) concluded with a historic $83.49 billion in tentative one-year purchase agreements, marking a 4.4% increase from 2022's figures. The six-day event in Shanghai attracted multinational corporations and buyers from 154 countries and regions, reinforcing its role as a key platform for global economic cooperation.
Deals spanned advanced technology equipment, agricultural products, and consumer goods, with notable participation from Fortune 500 companies. A spokesperson for China's Ministry of Commerce highlighted the expo's alignment with the country's 'dual circulation' economic strategy, emphasizing its value in connecting domestic demand with international supply chains.
This year's 4.4% growth in deal volume comes amid global economic headwinds, signaling renewed confidence in cross-border trade partnerships. Over 3,400 exhibitors showcased innovations, with healthcare and green energy sectors drawing particular attention from Asian and European buyers.
Since its 2018 launch, the CIIE has facilitated over $600 billion in intended transactions, evolving into a barometer for global trade sentiment. Analysts note the latest figures suggest cautious optimism among international businesses eyeing Asia's recovering consumer markets.
