The 8th China International Import Expo (CIIE) opened this week as a testament to the Chinese mainland's deepening integration with global markets, showcasing cutting-edge innovations and fostering cross-border collaborations. With over 3,500 exhibitors from 154 countries and regions, the event underscores China's role as a stabilizer in global trade amid economic uncertainties.
Vivian Jiang, Chair of Deloitte China, highlighted shifting consumption patterns during a panel discussion: 'We're seeing unprecedented demand for smart technologies and green solutions – sectors where international businesses can leverage China's digital ecosystem.' Her observations align with official data showing a 17% year-on-year increase in premium consumer goods imports during Q3 2024.
Chiranjaya Udumullage, President of the China-Sri Lanka Association for Trade and Economic Cooperation, emphasized the expo's role in South-South cooperation: 'The CIIE creates a unique platform for developing economies to access China's vast market while sharing technical expertise.' Recent agreements signed at the event include a $2.3 billion smart agriculture partnership between Indonesian and Shandong-based enterprises.
Analysts note the expo's strategic timing as China implements new measures to streamline customs clearance and expand the digital Silk Road infrastructure. These developments come amid growing international interest in China's middle-class expansion, projected to reach 65% of the population by 2030.
