Chinese companies signed import agreements worth 83.5 billion U.S. dollars at the China International Import Expo, setting a new historical record.

Media: Chinese companies signed a record $83.5 billion import agreement at the CIIE

According to the South China Morning Post, Chinese companies signed import agreements worth $83.5 billion at the 8th China International Import Expo (CIIE), setting a new historical high, an increase of 4.4% compared to last year.

The CIIE was held in Shanghai from November 5 to 10.

The South China Morning Post reported, "Chinese companies signed import agreements worth $83.5 billion during the CIIE, setting a new historical high." The newspaper also pointed out that this figure increased by 4.4% compared to last year.

Ding Haifeng, a consultant at Shanghai financial information service company Integrity, said, "Chinese companies have increased their purchases of foreign products needed by local consumers."

The newspaper pointed out that the CIIE organizers did not disclose specific details of the agreements. According to them, some agreements are only preliminary agreements and may not be ultimately implemented.

Customs data shows that by 2024, China's total foreign trade reached a record $6.16 trillion, an increase of 3.8%. Among them, exports amounted to $3.577 trillion, up 5.9%, and imports amounted to $2.585 trillion, up 1.1%.

Original: www.toutiao.com/article/1848460857153547/

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