Despite the uncertain global economic situation caused by the
COVID-19 pandemic, this year's China International Import Expo was a big
success in terms of deals reached at the event and the level of
participation, said organizers.
So far, $72.62 billion of intended deals have been made at the third
CIIE, an increase of 2.1 percent year-on-year, demonstrating foreign
companies' continued confidence and interest in the Chinese market.
In his keynote speech delivered at the opening ceremony of the third
CIIE, President Xi Jinping said that, in the three years since its
inception, the event has enabled exhibits to become traded goods and
exhibitors to spot more investment opportunities.
The six-day CIIE, which ended on Tuesday, has also grown into an
important platform for industry leaders to make product debuts,
according to Sun Chenghai, deputy director of the CIIE Bureau.
A total of 411 new products, technologies or service items that were
debuted on the Chinese mainland or globally were featured at this year's
The medical equipment and healthcare products exhibition area accounted for 120 technology and product debuts, said Sun.
Minneapolis-headquartered medical device company Medtronic Inc
demonstrated more than 70 technologies at this year's CIIE, among which
nearly one-third were displayed in China for the first time.
According to Yu Jing, vice-president of Medtronic Restorative Therapy
Group's China business, the company will not only speed up the
introduction of more innovative products on the Chinese market but also
provide localized products and solutions. As a result, Medtronic will be
able to upgrade its overall industrial chain in China, including
research and development, production and services, she said.
Consumer goods covered the largest exhibition area this year, at
90,000 square meters. The food and agricultural products exhibition area
accommodated the most exhibitors, attracting 1,264 companies from 93
In addition, the world's top seven carmakers all attended the show,
and up to 80 percent of Fortune Global 500 companies and industry
leaders that participated in previous expos returned to Shanghai this
French cosmetics giant L'Oreal Group has participated in all three
editions of the CIIE. Fabrice Megarbane, president and CEO of L'Oreal
China, said the holding of this year's CIIE was unaffected by the
pandemic, and it received an unprecedented positive response from
consumers, which proved that the pandemic cannot stop people's pursuit
of a better quality of life.
"We have confirmed our attendance at the CIIE next year, in the hope
of reaching more consumers and seeking more collaboration via the
exhibition," he said.
Nearly 400,000 professional visitors had signed up for this year's
show, and its total exhibition area was almost 360,000 sq m, an increase
of 30,000 sq m from a year earlier.
Sun pointed out that the third CIIE was the largest exhibition
attracting participants from the biggest number of countries that China
has held since the epidemic control and prevention situation was
"The CIIE is delivering on China's commitment to further open up so
that countries all over the world can benefit from the nation's huge
market. It has also helped to expand domestic consumption and support
the country's dual circulation strategy," said Sun.