Docking, negotiation and signing, various supporting activities of the CIIE are in full swing
Quick Look
During this CIIE, China Supply and Marketing Cooperatives and a number of central enterprise trading groups signed multiple procurement agreements with global partners, involving agricultural products, energy, high-end equipment and other fields, with a total amount of huge amounts, aiming to expand import channels and meet domestic market demand.
AI-generated summary
Why It Matters
As China's open platform, the CIIE aims to link global resources and promote the connection between international companies and the Chinese market. Many central enterprises and local trading groups use this platform to conduct large-scale procurement.
At this CIIE, the supply and marketing cooperative trading group signed agricultural input and agricultural product procurement and cooperation agreements with 17 companies from the United States, France, Australia and other countries.
Liu Yong, Deputy General Manager of China Supply and Marketing Group: With the help of this platform, we continue to expand overseas high-quality resources and promote the diversification of import channels, which not only ensures the supply of agricultural inputs for domestic agricultural production, but also enriches the supply of domestic agricultural products and food.
In the past two days, the central enterprise trading group has ushered in concentrated signings and continued to strengthen energy resource procurement. China Petroleum Trading Group signed 38 purchase agreements with 35 partners. The sources of purchased goods cover 16 countries and regions, involving oil and gas resources, high-end equipment, green and low-carbon and other fields. The contracted purchase amount exceeds 18.8 billion US dollars.
Sinopec has signed contracts with 37 partners from 18 countries and regions, involving 29 products in 14 categories, with a total amount of US$41.3 billion.
Sinochem has signed procurement cooperation agreements with more than 30 partners from nearly 20 countries and regions, including Saudi Arabia and Oman, with a procurement amount exceeding US$12.8 billion.
Enterprises affiliated with the Ordnance Industry Group have signed 18 import procurement contracts with partners from 11 countries and regions, with the cumulative total import procurement amount reaching 40.1 billion yuan.
At the CIIE, central enterprises held extensive docking and negotiations, and the import channels for high-quality agricultural products such as food and dairy products continued to expand to better meet the people's diverse and high-quality life needs.
COFCO organized trading groups to sign contracts with global partners, with the overall contract value exceeding US$10 billion.
Chen Gang, Deputy General Manager of COFCO Group: This is all to allow global high-quality products to better enter China. China’s big market is becoming a big opportunity for the world.
21 trading delegations from Beijing will carry out procurement negotiations, investment promotions, corporate exchanges and other activities during the CIIE, using the CIIE’s open platform to link global resources and expand cooperation space.
Li Gen, chief jewelry designer of Caibai Co., Ltd.: With the help of the international stage of the China International Import Expo, we will bring more products and services to consumers. We also combine digital applications for personalization, product promotion and product sales.
The Shanghai Hongkou Trading Group concentrated on signing contracts for pharmaceuticals and agricultural products, with an intended purchase amount of US$190 million in supply and procurement docking activities; China Pacific Insurance, in conjunction with Shanghai municipal financial state-owned enterprises, launched a joint action initiative to serve the construction of Shanghai's "Five Centers".
What to Watch
AI outlook — possibilities, not facts
Central enterprises will further expand overseas high-quality resource import channels.
Very likely · Within months
Open Questions
- What is the lead time for a specific procurement contract?
- Will more private enterprises participate in signing contracts in the future?


