Give full play to the advantages of the big market and share the opportunities of the big market

This is an exciting opening speed! On the afternoon of the 5th, as Shanghai Puhui Aircraft Engine Maintenance Co., Ltd. and International Aero Engine Company (IAE) signed a purchase order for aircraft engine components worth over 100 million US dollars on site, the "first order on the first day" of the 8th China International Import Expo successfully landed.

As the world's first national level expo with an import theme, the CIIE is a "big stage" for closely observing China's high-level opening-up to the outside world, and also an "experience area" for immersing oneself in the advantages of China's super large market.

The practice of the 8th CIIE fully confirms that the Chinese market is effectively transforming into a great opportunity for the world. 290 of the world's top 500 and industry leading enterprises arrived as scheduled, and many leading enterprises in subdivisions participated in the exhibition for the first time. American enterprises held the first place in terms of exhibition area for seven consecutive years. The number of enterprises from the "the Belt and Road" co construction countries and the least developed countries increased by 23.1% and 23.5% respectively year on year... China shows a stronger attraction in its exchanges and cooperation with countries around the world.

The CIIE is getting better and better, thanks to the advantage of China's super large market. China has a population of over 1.4 billion and has been the world's second largest consumer market for goods and the largest online retail market for over a decade; In 2024, multiple sub sectors such as automobiles, mobile phones, home appliances, and agricultural products will become the world's largest markets. In the future, the middle-income group will exceed 800 million people, which will further unleash the dividends of China's super large market.

Leading new supply with new demand, creating new demand with new supply, the global innovation force resonates with the super large scale market on the same frequency. Data shows that the cumulative intended transaction volume of the first seven CIIE sessions exceeded 500 billion US dollars, attracting a total of 23000 overseas exhibitors; This year's CIIE, the number of participating companies has reached a new historical high, with 461 new products, technologies, and services appearing in a concentrated manner, benefiting the world with "new" products and expanding opportunities.

Big market, big vitality. In recent years, China has adhered to reform and innovation, expanded opening up, and developed new quality productive forces, providing the "best testing ground" for global enterprises and continuously promoting the acceleration of scientific research achievements from laboratories to the market. Exhibitors stated that based on the rich application scenarios provided by the super large market, new technologies, new formats, and new models are accelerating their implementation, allowing innovative achievements to benefit a wider range of people.

The ocean is vast, and opportunities come like a tide. The proposal for the 15th Five Year Plan proposes that by 2035, the per capita gross domestic product should reach the level of moderately developed countries, and it is clear that the consumption rate of residents will significantly increase in the next five years. It is also necessary to make arrangements such as increasing inclusive policies that directly reach consumers. Foreign exhibitors commented that this move highlights China's determination to vigorously boost domestic consumption and continuously meet the growing demand for a better life by building a sustainable growth model.

No matter "first time visitors", "repeat visitors" or "resident visitors", exhibitors share a common understanding: to travel with China is to travel with opportunities, to believe in China is to believe in tomorrow, and to invest in China is to invest in the future. As China steadfastly promotes high-level opening up to the outside world, the Chinese market will continue to provide new opportunities for enterprises from various countries and inject new vitality into the development of the world economy through more precise links, more efficient cooperation, and more comprehensive sharing.