The 7th China International Import Expo (CIIE), which concluded on November 10 in Shanghai, marked another successful year for one of the world's largest trade events, securing $80.01 billion in one-year tentative deals—a 2% increase over last year. This year's CIIE showcased a global gathering of companies, technologies, and economic partners, underscoring China's commitment to fostering an open and cooperative international trade environment.

This year, CIIE attracted 3,496 exhibitors from 129 countries and regions. Among these participants, 297 were Fortune Global 500 and industry-leading enterprises, highlighting the expo's reputation as a critical venue for global business leaders. The event provided a platform for top executives and dignitaries, including prime ministers from Malaysia, Uzbekistan, and Slovakia, who convened to explore opportunities in China's vast consumer market.

Unveiling Cutting-Edge Innovations and Business Partnerships

Reflecting a strong focus on technological advancement, the CIIE featured over 450 new product debuts across industries such as technology, healthcare, and consumer goods. Highlights included 100 global debuts, 40 Asia-specific debuts, and more than 200 products introduced to the Chinese market for the first time. In particular, the newly established New Materials Zone attracted attention with groundbreaking products and services, showcasing advancements poised to drive future consumer trends.

To support business collaborations, the expo included targeted matchmaking sessions where more than 3,500 companies participated in trade talks, leading to 260 agreements across sectors like equipment manufacturing, food, and consumer goods, totaling over $9.4 billion in intended deals. Initiatives like the special procurement event near the food pavilion brought together 70 key buyers from sectors such as e-commerce, hospitality, and major retail, creating direct connections with exhibitors.

Measuring Economic Impact: The CIIE Spillover Effect

The growing influence of CIIE is substantiated by the latest CIIE Spillover Effect Index report, which reached a new high in 2023 with a score of 72, representing a 25% increase from the fifth edition and a 169% surge since the expo's inception in 2018. This upward trend underscores the CIIE's role in driving sustained economic benefits beyond the event itself, including enhanced trade flows, technology transfer, and international business collaborations, solidifying China's role as a pivotal hub in global trade.

Looking ahead, preparations for the 8th CIIE are already underway, with over 100,000 square meters of exhibition space secured. This proactive approach reflects the optimism of both returning and new exhibitors, as they recognize the CIIE as a valuable gateway to connect with China's extensive market and its growing consumer base.

As CIIE continues to evolve, it not only facilitates trade but also serves as a dynamic platform for advancing China's global development vision. Through fostering collaboration, promoting technological innovation, and encouraging sustainable economic practices, the CIIE is steadily strengthening China's role in shaping the future of international commerce.