China import fair sees $70.72 billion worth of ‘intentional’ deals signed

SHANGHAI – The fourth China International Import Expo (CIIE) saw $70.62 billion worth of “intentional” deals signed, down 2.6% from last year, state broadcaster CCTV said, citing an organiser of the event that closed on Wednesday.

It cited Sun Chenghai, deputy director-general of the bureau responsible for organising the week-long import fair in the commercial hub of Shanghai to highlight the nation’s openness to foreign imports.

Last year state media said intentional deals worth $72.62 billion were agreed at the fair.

(Reporting by Brenda Goh; Editing by Clarence Fernandez)