Minhang-based firms clinch expo deals despite COVID challenge
Print Edition
The 4th China International Import Expo held from November 5 to 10 has successfully concluded at the National Exhibition and Convention Center. The event took place despite the pandemic, and attracted nearly 3,000 exhibitors from 127 countries and regions to seek commercial opportunities.
Minhang District took full advantage, closing deals and showcasing itself as a competitive destination for investment.
On November 6, Minhang Trade Group signed purchase agreements totaling over US$1 billion, representing four main industries: technical equipment, consumer goods, medical equipment and food.
The district is home to over 100 Fortune Global 500 companies and over 50 headquarters of multinational companies. This year, 54 international companies with branches in Minhang registered to attend the expo.
Many exhibitors found the experience rewarding.
“Despite the pandemic, CIIE was a success,” said a director with SinoDrink, an Italian joint-venture wine company that has an outlet at the Hongqiao Import Commodity Exhibition and Trade Center.
A worker at the Unilever booth said: “The products on display this year suit a smaller crowd of customers, but the expo has given us a chance to show them to more partners and customers.”
The China-Europe Railway Express served the expo well, arriving in Minhang after over 20 days of travel from the port of Hamburg. It was loaded with 460 tons of freight, which was exhibited at the event.
Shipping conditions have been rough due to the pandemic. With most transportation problems affecting cargo ships at sea, the railway was a great help.
During the expo, Minhang held a city promotion conference to encourage business cooperation.
For example, it signed with six digital companies, including Shanghai Land City Renewal Digital Technology Co Ltd and Imilab Technology Co Ltd, to pursue projects involving third-party payment platforms, smart transportation, software and the Industrial Internet of Things.
The district also began work with eight investment partners including Pricewaterhouse Coopers, Bank of China and Allbright Law Offices.
An investment report on Minhang, composed by Pricewaterhouse Coopers, was released at the conference, highlighting the district’s path toward digital development and technology research and talents.
Hongqiao Innovation and Power Center Digital Trade Industry, jointly built by Minhang District and Microsoft, was unveiled on November 8.
Meanwhile, Minhang recommended tour routes for guests to visit various manufacturing facilities, industrial parks and cultural sites, such as Zizhu Hi-tech Park and Xinzhuang Industrial Zone, featuring the emerging industries of bio-medicine and artificial intelligence.
Other sites included Deqiu Culture and Innovation Park; the Powerlong Art Museum; Laowaijie, or Foreigners’ Street, and Qibao Old Street.
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