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Economy

Foreign companies eye China's post-COVID domestic demand

Volkswagen and Sanofi showcase products at expo to capture robust consumption

Medical equipment is displayed at the China International Import Expo in Shanghai, which runs through Tuesday. (Photo by CK Tan) 

SHANGHAI -- Foreign companies are hoping to capture more of the improving demand in China, where the COVID-19 outbreak has largely been brought under control.

Beijing is using the China International Import Expo, a brainchild of President Xi Jinping, to boost foreign trade and drive domestic growth. Held for the third time since 2018, expo organizers are projecting about 400,000 visitors to the six-day event.

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