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

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© Reuters. FILE PHOTO : Chinese President Xi Jinping appears on television at a media facility as he gives a speech by video during the opening ceremony for the China International Import Exhibition (CIIE) in Shanghai. China, November 4, 2021. REUTERS/Andrew Galbraith

SHANGHAI (Reuters) – 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.

According to state media, intentional deals totaling $72.62 Billion were made at the fair last year.

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