China's import expo logs $57.8 billion of deals: China Daily

0
© Reuters. Statue of the China International Import Expo (CIIE)'s mascot is placed in front of a building hanging advertisement of Bank of China, at the venue for the expo in Shanghai© Reuters. Statue of the China International Import Expo (CIIE)’s mascot is placed in front of a building hanging advertisement of Bank of China, at the venue for the expo in Shanghai

SHANGHAI (Reuters) – Around $57.83 billion worth of deals were agreed for the year ahead at the China International Import Expo (CIIE), the official China Daily said on Saturday.

The Nov. 5-10 CIIE, which brings thousands of foreign companies together with Chinese buyers in a bid to demonstrate the importing potential of the world’s second-biggest economy, closed on Saturday.

Deals for intelligence and high-end equipment were set to total $16.46 billion, while those for consumer electronics and home appliances were around $4.33 billion, the paper said on its official Twitter-like Weibo site.

Sales agreed for the automobile sector goods hit $11.99 billion, while clothing and consumer goods inked $3.37 billion, and food and agricultural products made $12.68 billion, the paper said.

In addition, $5.76 billion worth of medical devices and medical care goods were sold, the paper added.

The trade expo is designed to demonstrate goodwill amid mounting frictions with the United States and others. On Monday, Chinese President Xi Jinping promised to lower tariffs, broaden market access and import more from overseas.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.