Business exhibition zones set up for upcoming import expo

Business exhibition zones set up for upcoming import expo

Business exhibition zones set up for upcoming import expo

Written by Reuters

04 Nov, 2019 | 4:14 pm

Reuters – Seven business exhibition zones for the upcoming second China International Import Expo (CIIE) have been set up at the National Exhibition Center in Shanghai, with products from more than 150 countries and regions put on display.

The medical exhibition zone is the star project of the expo and includes, for the first time, a special exhibition area for health and rehabilitation of elderly people. More than 100 companies have brought their medical products to this year’s expo.

In the equipment exhibition zone more than 300 top notch products with high-end technologies have been set up, including the tallest intelligent unmanned sack stacker from Germany and the heaviest and largest Longmen processing center from Spain.

“We showed our [new] machines. It was so successful that we sold these machines worth more than one million euros to the customers,” said Julio, vice president of Nicolas Correa Group Asia Company from Spain.

“The numbers of enterprises, World’s Top 500 firms, and leading industry companies that registered for the second CIIE all exceeded those of the first expo, and they are coming with better exhibits, new technologies and services,” said Sun Chenghai, deputy head of the China International Import Expo Bureau.

Exhibitors’ enthusiasm is largely fueled by the success of the first CIIE which saw the signing of cooperation deals worth over 57.8 billion U.S. dollars. Many exhibits from the last expo have already entered the plants of Chinese companies.

“Through the expansion of imports, enterprises will be able to have access to new products and technologies and upgrade themselves during competition, which will help improve the quality of our domestic supply system,” said Yang Guangpu, a researcher of macroeconomics at the Development Research Center of the State Council .

With the import expo playing a growing role in helping Chinese companies seeking high-end equipment and advance technologies, more than 500, 000 buyers have reportedly registered for this year’s edition.

Buyers from Zhejiang Province mostly focus on intelligent manufacturing, biological medicine, new materials and high-tech fields which account for over 40 percent of our purchase,” said Chen Zhicheng, the director for the Foreign Trade Management Division of the Department of Commerce of Zhejiang Province.

With the venue and exhibition zones all set, products with better quality and higher innovation from over 3,000 companies all over the world will be on display on Tuesday.

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