China International Import Expo launches online trading platform
April 24, 2018 Category China News Round-up, Weekly
The China International Import Expo, which will be held in Shanghai from November 5 to 10, has launched its one-stop online trading platform to give the six-day event an extended life online throughout the year. Companies participating in the CIIE will be able to display their products on the e-platform. They can seek potential partners, and complete online trading using digital payment systems. Donghao Lansheng, the expo’s operator, and the Council for the Promotion of International Trade (CCPIT) Shanghai, will be responsible for the design and management of the online platform. Some 30 companies have already created a presence on the e-platform. Thanks to the online platform, the CIIE will become “an exhibition that never ends”.
Cao Wei, Vice President of the expo operator, said the purpose of launching the online platform is to ensure
the success of all participants of the CIIE and create an ecosystem that connects the internet, the expo and trade services. “We would like to build the expo into one of the best examples of China’s opening-up policy,” he said. So far, nearly 2,000 companies have committed to attend the CIIE, the majority from overseas. “Foreign companies will have to fly a lot of stuff all the way from their home country to Shanghai for the expo. Given all the efforts they have to make, we would like to extend our services online so that these overseas companies can demonstrate their latest achievements on the platform and make the most of the expo,” she said. The expo organizer is also developing a mobile app to reach a global audience. Shanghai’s Party Secretary Li Qiang said at a meeting to mark the 200-day countdown to the expo that the CIIE is the first national-level exhibition focussed on imports, the China Daily reports.
According to the General Administration of Customs, China’s first-quarter imports were worth CNY3.21 trillion, up 11.7% year-on-year. The CCPIT said it will help about 100 countries and regions to promote up to 10,000 commodities in China, especially the imports of advanced technical equipment, key components and high-quality consumer goods. Meanwhile, the Council will organize delegations to go abroad to make collective purchases and hold meetings for entrepreneurs from both home and abroad.
Shanghai also announced the establishment of the Shanghai International Import Trading Services Co.
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