Xin Hua She·2025-11-09 22:01Core Insights - The eighth China International Import Expo (CIIE) showcases the robust growth and openness of the Chinese economy, emphasizing its vast market potential and commitment to high-level opening-up [1][2]. Economic Growth and Market Potential - The CIIE has attracted a cumulative total of 23,000 foreign exhibitors and has generated an intended transaction amount exceeding $500 billion over the past seven years. This year, 4,108 foreign companies participated, with exhibition space surpassing 430,000 square meters, both setting new records [2]. - China's retail sales of consumer goods are projected to exceed 48 trillion yuan in 2024, with expectations to surpass 50 trillion yuan this year. From 2021 to 2024, domestic demand is expected to contribute an average of 86.8% to economic growth, with final consumption expenditure accounting for 59.9% [3]. Innovation and Industry Upgrades - The CIIE serves as a platform for significant market opportunities linked to new production capacities, dual carbon goals, and future industries. Companies like Ingersoll Rand express confidence in the Chinese market's potential for green transformation and industrial upgrades [4]. - AstraZeneca has seen over $100 million in cumulative imports from products first launched at the CIIE in 2018, and the company announced a $2.5 billion investment to establish its sixth global strategic R&D center in Beijing [4]. Global Engagement and Open Economy - The CIIE highlights the importance of innovation, application, technology, and industry convergence, which injects vitality into domestic and international economic cycles. The event underscores China's commitment to an open economy, as evidenced by the reduction of the foreign investment negative list and the expansion of service sector openings [5]. - The expo has facilitated global engagement, allowing countries like Rwanda, Afghanistan, and Syria to showcase their products, contributing to local employment and income [5].