China inks deals worth $71 bn at CIIE

The venue for the second China International Import Expo in Shanghai. (REUTERS)

China's Commerce Ministry said on Sunday that deals worth $71.13 billion were agreed at the second China International Import Expo (CIIE), up 23% on last year.

The ministry said on its website that 32% of the deals were in manufacturing and 25% from the wholesale and retail industry.

The week-long CIIE in Shanghai, which closed on Sunday, is the brainchild of Chinese President Xi Jinping and is aimed at showing the country's openness to importing foreign goods.

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