Overview
- The eighth China International Import Expo opened on November 5 with Premier Li Qiang vowing a more open environment, support for stable supply chains, and efforts to unlock domestic demand.
- Organizers report participation from 138 countries and about 4,100 companies, with U.S. exhibitors holding the largest exhibition area for the seventh consecutive year.
- China announced reductions to tariffs on U.S. soybeans and corn starting November 10, tying the showcase to concrete steps to bolster trade.
- Chinese negotiator Li Chenggang met a visiting U.S. agricultural delegation in Beijing, and Vice Premier He Lifeng held talks with Goldman Sachs CEO David Solomon around the expo.
- Japanese firms highlighted projects through an event featuring about 320 exhibitors, even as the number of Japanese companies operating in China has declined to roughly 13,034 in 2024, about 10% below the 2012 peak.