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China's import expo logs $57.8 billion of deals - China Daily

Reuters  |  SHANGHAI 

(Reuters) - Around $57.83 billion worth of deals were agreed for the year ahead at the International Import Expo (CIIE), the Daily said on Saturday.

The Nov. 5-10 CIIE, which brings thousands of foreign companies together with Chinese buyers in a bid to demonstrate the importing potential of the world's second-biggest economy, closed on Saturday.

Deals for intelligence and high-end equipment were set to total $16.46 billion, while those for and home appliances were around $4.33 billion, the paper said on its official Twitter-like site.

Sales agreed for the automobile sector goods hit $11.99 billion, while clothing and consumer goods inked $3.37 billion, and and made $12.68 billion, the paper said.

In addition, $5.76 billion worth of medical devices and medical care goods were sold, the paper added.

The trade expo is designed to demonstrate goodwill amid mounting frictions with the and others. On Monday, Chinese promised to lower tariffs, broaden market access and import more from overseas.

(Reporting by and in Shanghai; Editing by Clelia Oziel)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, November 10 2018. 18:08 IST