(Yicai Global) Oct. 30 -- More than 70 percent of the Fortune Global 500 and industry leading companies that attended the China International Import Expo in previous years have returned this year and several dozen have already signed up to take part in the next three expos, online news outlet The Paper reported today.

These companies have increased their exhibition area by 14 percent, demonstrating their confidence in the Chinese market, the organizers said at a press conference. Most of the top 10 firms in the pharmaceutical, medical equipment, dairy, high-end consumer goods, automotive, industrial electrical and construction machinery industries will be present.

Hundreds of new products, technologies and services will make their world debut at the third CIIE, the report added.

Chinese policy makers continue to support the expo in the form of tax incentives, expedited customs clearance and improved market access. Some have brought in new policies to further benefit exhibitors, such as better tax rates on imported exhibits sold during the show.

The third CIIE will take place at the National Exhibition and Convention Center in Shanghai from Nov. 5 to Nov. 10. The 360,000 square meters exhibition area, almost one tenth bigger than last year’s space, will showcase a wide range of products in the trade in services, food and agricultural product, automobile, intelligent industry & information technology, consumer goods, medical equipment & healthcare product sectors.

Editor: Kim Taylor