People visit the Russia pavilion during the second China International Import Expo in Shanghai, on November 6, 2019. Photo: Xinhua

Free-spending shoppers stock up on premium consumer goods as US$71 billion worth of deals are signed at China import expo

  • Deals at the second edition of the China International Import Expo rose 23 per cent from last year
  • New Zealand-based Fonterra, the world’s largest dairy exporter, signed deals totalling 18 billion yuan with Chinese partners including Alibaba Group Holding and New Hope Group
Topic |   Consumers

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People visit the Russia pavilion during the second China International Import Expo in Shanghai, on November 6, 2019. Photo: Xinhua
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Daniel Ren

Daniel Ren

Daniel Ren is the SCMP's Shanghai bureau chief. A Shanghai native, Daniel joined the SCMP in 2007 as a Business reporter.