SHANGHAI, Jan. 22, 2018 /PRNewswire/Asianet-Pakistan -- The inaugural China International Import Expo (CIIE) will take place at the National Exhibition and Convention Center in Shanghai from November 5-10, 2018.
Initial inquiries and bookings for CIIE indicate that attendance numbers will be unprecedented for the first-of-its-kind international trade forum. Interest is being driven by the growth of imports into China in 2017 that totaled almost RMB 12.5tn (USD 1.95tn), an 18.7% increase from 2016. This figure is expected to rise to USD 8tn over the next five years as China, the world's second largest economy and second largest importer, continues its progression into new stages of development.
Six of the industries earmarked as having the biggest growth potential in the area of cross-border trade, which will be heavily featured at CIIE, are food and agricultural products; garments and consumer products; consumer electronics and household appliances; automobiles; medical instruments, medicine, and healthcare; and intelligent hi-tech equipment, all of which enjoyed impressive increases in imports between January and November of 2017:
IndustryValue of imports from Jan. to Nov. 2017 (Y-o-y growth)Projected value of imports in five yearsKey growth driversFood and agricultural productsUSD 104.4bn (> 14%)USD 700bnSoy, infant formula, wine, fruit & vegetable juicesGarments and consumer productsUSD 12.85bn (> 13.2%)USD 65bnCutlery, kitchenware, toys, diapersConsumer electronics and household appliancesUSD 20.44bn (> 11.2%)USD 100bnWater heaters, air & water purifiers, earphonesAutomobilesUSD 45.8bn (> 15.4%)USD 260bnSUVs and new energy vehiclesMedical instruments, medicine and healthcareUSD 35.88bn (> 17%)USD 250bnHigh-end equipment, key patented medicine
Professional Chinese visitor delegations from areas such as education, scientific research, culture and tourism will be in attendance, alongside multiple Chambers of Commerce, government groups, industry leaders, and professionals from major local enterprises across the many provinces, municipalities and autonomous regions of China. In addition to the above, the expo will include representatives from Chinese ecommerce and internet technology giants like Alibaba, JD.com, Suning, and
kaola.com.
"With so many companies, organizations and visitors expected to be in attendance, we would like to invite all our exhibitors to name the Chinese buyers and companies they wish to attract," said Sun Chenghai, Deputy Director General of CIIE Bureau. "We can then match those requests with the exhibits of CIIE exhibitors to provide a more accurate, effective and tailored experience to all of our guests."
