China's first international import expo which concluded in Shanghai on Saturday resulted in deals worth USD 57.83 billion, official data said, with India among the 172 countries which participated in the mega event in the Chinese business hub.
The five-day expo was held amid criticism that China, the world's biggest exporter of goods, imports far less from the rest of the world.
Deals for intended one-year purchases of goods and services worth a total of USD 57.83 billion were reached at the first China International Import Expo (CIIE), which concluded in Shanghai, state-run Xinhua news agency said quoting official data.
India too took part in the event by setting up a country pavilion highlighting its food and agro products, pharmaceuticals, IT and IT-enabled services, (ITES) tourism and services sectors, to gain market access to China.
A total of 172 countries, regions and international organisations, and more than 3,600 enterprises participated in the event, which attracted more than 400,000 domestic and overseas purchasers, Sun Chenghai, deputy director of the CIIE Bureau, told a news conference in Shanghai.
Deals for high-end intelligent equipment reached over USD 16.46 billion, followed by USD 12.68 billion of food and agricultural products, USD 11.99 billion of automobiles, 5.76 billion dollars of medical equipment and health care products, USD 4.33 billion of consumer electronics and appliances, and USD 3.37 billion of apparel, accessories and consumer goods, Sun said, adding that the value of deals for services hit USD 3.24 billion.
Intended purchases with the Belt and Road Initiative (BRI) partner countries reached USD 4.72 billion, Sun said.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)