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China import fair sees $72.62 billion worth of ‘intentional’ deals signed, says state media – Metro US

China import fair sees $72.62 billion worth of ‘intentional’ deals signed, says state media

Staff members wearing face masks are seen at the third
Staff members wearing face masks are seen at the third China International Import Expo (CIIE) in Shanghai

SHANGHAI (Reuters) – The third China International Import Expo (CIIE) saw $72.62 billion worth of “intentional” deals signed at the event this year, up 2.1% over the prior year, state news agency Xinhua reported on Tuesday citing its organisers.

It cited Sun Chenghai, deputy director-general of the bureau responsible for organising the week-long import fair in Shanghai. The event, which closed on Tuesday, aims to show the country’s openness to importing foreign goods.

Last year, China’s commerce ministry said deals worth $71.13 billion were agreed at the fair.

(Reporting by Brenda Goh; Editing by Edmund Blair)