November 26 2020

The 3rd China International Import Expo Concludes with Great Highlights

Source: Ministry of Commerce - People's Republic of China - Website

The 3rd China International Import Expo themed "New Era, Shared Future" was successfully held in accordance with the general requirements of “making continued success” despite negative impacts. Coordinated efforts have been made to deliver fruitful results while containing the coronavirus. The total area of the CIIE was nearly 360,000 square meters, about 30,000 square meters larger than that of the last one. Exhibitors from many countries and regions launched a large number of new products, new technologies and new services at the CIIE. 101 supporting activities were held. The CIIE attracted nearly 400,000 professional visitors and more than 3,000 domestic and foreign journalists, living up to the expectations of making a safe, splendid and successful expo.

First, the high-standard exhibition wins warm response at home and abroad.

Second, the high-quality exhibition sees active participation by businesses around the world.

The total number of new products, new technologies, and new services making their debut at this year's CIIE is 411. Nearly 80% of the Global Fortune 500 enterprises and industry leaders have participated in the CIIE for three years in a row. The level of exhibition setup improves with 94% of special booths. Multiple ministries have launched support measures on tax incentives, customs clearance and market access, among others, which brings real benefits for exhibitors and buyers. The six exhibition zones in the 3rd CIIE are featured in different highlights.

Third, rich agenda and fruitful results.

Despite the ravaging COVID-19, participants at the 3rd CIIE were full of enthusiasm for cooperation. The cumulative intended deal on an annual basis reached USD72.62 billion, up by 2.1%.

Fourth, thoughtful services and better experience.

The 3rd CIIE, integrating virtual and physical exhibitions, is the largest international event with the most participating countries held in China as we maintain containment routines in the meantime. It is a testament to the remarkable achievements of China in epidemic control and economic and social development. It has served as platforms for sourcing, investment promotion, cultural exchanges, and openness and cooperation. Through the spillover effect of these platforms, exhibits have made their way to the markets, while exhibitors have found investment opportunities. The CIIE has also sent messages of wider opening-up and shared markets to the world, and underpinned the strategy to expand domestic demand and build a new paradigm of domestic and international circulations.