CIIE 2021

The 4th CIIE 2021 has been completed successfully. It has become the major platform for global business to explore and expand in China. ProdActive, as a company that is constantly updated for the best service of its customers, was there in order to be informed on the latest available products and markets’ changes and development.

For the first time the CIIE had a designated zone for integrated circuits (IC), one of China’s biggest import items. The country’s spending on IC imports in 2020 reached $350.04 billion, double the amount it spent on crude oil.

While promoting the green transformation of domestic economy and lifestyle, China is the world’s largest new energy vehicle market, with its production and sales scale ranking first in the world for six consecutive years, and it has also become the world’s largest photovoltaic market. Many such exhibits were there.

US electric carmaker Tesla has “moved” its Gigafactory 3 in Shanghai into the CIIE venues by exhibiting its car production philosophy and technologies, according to a statement sent by the company to the Global Times. The plant has a target of producing more than 450,000 cars annually in China, and 90 percent of the parts are already localized.

Having experienced the benefits of the fourth CIIE, enterprises hailed it as an event that allows them to tap into China’s massive consumer population and a multitude of opportunities therein.

The world’s largest import expo wrapped up its 2021 edition with projected purchases worth $70.72 billion and of course the registration for the 5th CIIE has already started.