Shanghai Trade Delegation Secures Top Spot at CIIE for Eighth Consecutive Year
The Shanghai trade delegation has once again demonstrated its economic influence by securing the highest intended transaction volume among all local delegations at the China International Import Expo (CIIE) for the eighth year in a row. This consistent performance underscores Shanghai’s pivotal role as a gateway for international trade and its ability to attract high-value global partnerships.
Within the broader Shanghai delegation, the Jing’an sub-delegation reported record-breaking procurement intentions, highlighting the ‘Jing’an gravity’ that continues to draw international enterprises to the district. As part of a strategic push to cultivate global-standard urban districts, the Jing’an district held a high-profile investment promotion event focused on the West Nanjing Road and Suzhou Creek Central Vitality Zone, aiming to solidify its status as a premier destination for global capital by 2026.
Furthermore, the state-owned enterprise (SOE) sub-delegation of Shanghai also achieved significant milestones. Eleven major corporate groups under the SOE umbrella signed 17 distinct projects, with a combined transaction value estimated at approximately 1.53 billion USD. Reports from industry analysts indicate that the total intended procurement volume for the Shanghai SOE sub-delegation reached an impressive 2.86 billion USD, reflecting the robust demand for imported technologies, services, and high-quality goods among major Chinese state entities.
The success of the Shanghai delegation at the CIIE is indicative of the city’s ongoing commitment to opening up its markets and fostering a business-friendly environment. By leveraging the platform of the CIIE, Shanghai continues to facilitate deeper integration between domestic industries and the global supply chain, reinforcing its position as a central hub for international trade and investment in China.
Sources: ThePaper.cn, People’s Daily, Sohu, 36kr
Aggregated summary. Original: ThePaper.cn