U.S. companies show continued interest in China’s import expo
2019-11-28 09:34:05 Xinhua News Agency
Several U.S. enterprises have expressed continued interest in participating in the China CIIE, after an overseas promotion for the event was held in New York on Monday.
Several U.S. enterprises have expressed continued interest in participating in the China International Import Expo (CIIE), after an overseas promotion for the event was held in New York on Monday.
So far, a total of 41 companies from the United States have signed up for the third CIIE in November 2020, with many participants deciding to expand their exhibition areas, said Liu Fuxue, vice director of the CIIE bureau.
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During the second CIIE, which concluded on Nov. 10, U.S. exhibitors not only made the top ranking in terms of total exhibition area from a single country or region this year, but also bagged 12.96 billion U.S. dollars of preliminary deals, accounting for 18.22 percent of the total, said Liu.
These numbers illustrate that in spite of the current tough climate of bilateral trade relations, the tie between Chinese and U.S. enterprises is still strong, said Gu Chunfang, economic and commercial counselor of the Chinese Consulate General in New York.
About 20 U.S. companies signed up for next year's event even before the second CIIE ended, according to a news report published by China Central Television on Nov. 7.
Liu said that U.S. companies proactively joined the first and the second CIIE, reporting solid results.
"In talking with American business leaders and participants, I am aware that U.S. companies still give much priority to the Chinese market with enthusiasm, despite the current China-U.S. trade frictions," said Xu Chen, chairman of China General Chamber of Commerce-U.S.A. and president and CEO of Bank of China USA.
As U.S. business leaders regard the CIIE as a valuable platform, many top executives lead their delegations to the expo, showcasing their businesses and diving deeper into the Chinese market, said Xu, who added that the import market will play a more important role in China's economic development.
"We will continue to lower tariffs and institutional transaction costs, foster a number of demonstration zones to promote import by creative means, to import more high-quality goods and services from around the world, including the United States," she said.