SZ delegation makes record procurements at import expo

The 7th China International Import Expo is being held in Shanghai. Photos from WeChat account "深圳发布"

The Shenzhen delegation made intended procurements totaling more than US$5 billion on the second day of the ongoing 7th China International Import Expo (CIIE) in Shanghai yesterday, setting a new record for the delegation at previous expos.

During a procurement and investment promotion event organized by the Shenzhen delegation at the expo Tuesday, Shenzhen companies inked procurement and cooperation intention agreements with several exhibitors, covering sectors such as food, agricultural produce, service trade, and nutrition and health.

A significant US$50 million deal was struck between Shenzhen Higreen Agricultural Products Food Import and Export Trade Service Co. Ltd. and Marfrig Global Foods S.A., a subsidiary of the Brazilian food processor BRF. 

"Last year, we initiated beef purchases from Brazil, Argentina, and Uruguay, and this year we aim to expand our volume significantly," remarked Lei Yu, General Manager of Higreen. He expressed a desire to identify additional high-quality meat suppliers at the expo to enhance product offerings for consumers in Shenzhen and across the country.

A BYD Yangwang U9 captures the attention of expo-goers at the 7th China International Import Expo. 

This is the seventh consecutive year that Shenzhen has dispatched a corporate delegation to the CIIE. The Shenzhen delegation is poised to procure an extensive array of products this year, including high-tech items, green energy solutions, medical health equipment, and intelligent manufacturing technologies.

At the event, Zhou Haibing, vice president of government affairs at Starbucks China, and Yin Pengling, vice president of government affairs at RELX, a global provider of information-based analytics and decision tools, shared their investment experiences in Shenzhen.

In the first three quarters of this year, 6,421 new foreign-funded enterprises were established in Shenzhen, accounting for 15.2% of the national total, according to the event. Currently, more than 310 Fortune Global 500 companies have settled in Shenzhen.