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Chinese Provincial-Level Trade Groups Prove to Be Keen Shoppers at Fourth CIIE
Miu Qi | Miao Qi
DATE:  Nov 09 2021
/ SOURCE:  Yicai
Chinese Provincial-Level Trade Groups Prove to Be Keen Shoppers at Fourth CIIE Chinese Provincial-Level Trade Groups Prove to Be Keen Shoppers at Fourth CIIE

(Yicai Global) Nov. 9 -- Trade groups from China’s provincial-level areas such as Shanghai, Shandong, Henan and Zhejiang have signed big deals with exhibitors at the fourth China International Import Expo as the annual Shanghai event nears its end.

Yundu Shanghai Technology, a supply chain management and trade financing services provider, inked a USD700 million purchase deal for smart furniture with exhibitor Hong Kong Xinyun Logistics Trading on Nov. 5, the first day of the six-day expo. On the same day, Shandong Zhongke Electric Power and Denmark’s Vestas Wind Systems penned a USD70 million purchase deal for wind generators.

As many as 599 sub-groups from 39 trade groups nationwide have visited the fourth CIIE in search of procurements with more than 1,200 buyers, each registering annual imports in excess of USD100 million, according to Sun Chenghai, deputy director of the China International Import Expo Bureau.

On Nov. 6, the Henan trade group struck deals on 42 projects in the fields of new technology, new equipment and high-quality consumer goods worth CNY49 billion (USD7.7 billion).

Meanwhile on the same day, China National Machinery Industry signed 11 import purchase contracts with 11 partners covering high-end equipment, cars, services trade, commodities, food and agricultural produce, tallying USD1.9 billion.

On Nov. 7, Eternal Asia Supply Chain Management, a Shenzhen-based supply chain firm, signed strategic cooperation deals worth CNY8 billion (USD1.3 billion) with a number of businesses, including Philips, Danone and Schneider Electric. It was the most committed this year by a member of the Shenzhen trade group.

On the same day, 22 buyers from the Zhejiang province trade group and 25 exhibitors from 15 countries and regions signed cooperation agreements with a toal value of CNY13.2 billion.

Editors: Zhang Yushuo, Peter Thomas

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Keywords: Trade Group,CIIE