The China International Import Expo held from Nov. 5 to Nov. 10 in Shanghai amassed more than $57.8 billion in intended deals.
There were an estimated 3,617 companies from 151 countries that participated in the expo. There were about 570 new products, latest technology, and the latest services launched during the trade exhibition.
China Eastern Airlines signed a $1.44 billion deal with British company Rolls-Royce for Trent XWB jet engines and maintenance services just a day after the trade expo's official opening day. The deal involved China Eastern's 20 Airbus A350 XWB aircraft worth of contracts and memorandums of understanding. The airlines signed dozen more deals with other companies during the international trade event.
Deals involving high-end intelligent equipment amounted more than $16.5 billion. More so, known U.S. tech giants set up booths during the expo. Microsoft, Google, and Intel provided highly interactive activities for all expo attendees.
Google, for instance, allowed attendees to experience the latest developments on artificial intelligence the company is currently developing.
Intel, on the other hand, allowed visitors to play online games to make them experience its ultra-fast processors.
Qualcomm showcased the latest in 5G developments among other latest technology developments and products under its helm.
Other units that comprised the more than $57.8 billion trade deals were automobile sector which brought in $12 billion; apparel, accessories, and consumer goods segments which brought in $3.4 billion deals combined; and food and agricultural products which brought in a total of $12.7 billion in intended deals.
Deals related to medical equipment and healthcare products generated a total of $5.8 billion intended deals while trade services brought in $3.2 billion.
Agreements involving consumer electronics and appliances reached an estimated $4.3 billion.
Whirlpool set up a booth featuring its up-to-date models of kitchen appliances such as microwaves, refrigerators, steamers, and washing machines.
The CIIE also amasses intended deals related to the Belt and Road Initiative with different countries. The planned agreements totaled nearly $4.7 billion.
What was highly noticeable was the presence of many U.S. firms at the expo despite the ongoing China-US trade tensions. There were more than 180 U.S. companies that participated in the exhibition.
Speaking during the event, Godfrey Firth, director of Government Affairs of General Electric 9GE) Healthcare Greater China highlighted that Beijing remains to be the biggest market in the world outside of the United States.
Wang Yukui, director of Northeast Asia Communications of Boeing, underscored that the company's commitment to the Chinese market is long-standing.
