China touts buying power but offers little new at import expo

Xi takes a jab at Trump's 'law of the jungle' practices

20181106N china expo venue chairs

Guests attend the opening ceremony of the first China International Import Expo in Shanghai on Nov. 5, which drew 3,600 companies from 172 countries and regions on its opening day.

ISSAKU HARADA, Nikkei staff writer

SHANGHAI -- After a year of preparation, Chinese President Xi Jinping hosted the first China International Import Expo here on Monday, vowing to import $40 trillion worth of goods and services over the next 15 years.

The Chinese leadership had flagged the expo as one of the most important diplomatic events of the year, and the figures were staggering. Attending were 3,600 companies from 172 countries and regions, with 400,000 buyers expected to attend by Saturday.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.