中国央企在进博会签署价值数百亿美元的协议   2026-11-11

 

China’s central state-owned enterprises have inked agreements worth tens of billions of US dollars at the Ninth China International Import Expo, expanding purchased product categories from high-end equipment to consumer goods.

Central SOEs continued to increase their purchases of high-end technologies showcased at the CIIE, including integrated circuits, artificial intelligence, and technological equipment, according to data from the State-Owned Assets Supervision and Administration Commission.

Among them, the transaction value of orders for technological equipment inked at this year’s CIIE surged 18 percent to USD15.5 billion from the previous edition, accounting for 10.7 percent of the total signed deals, up from 8.6 percent, SASAC data also showed.

China Energy Engineering Corporation penned deals worth USD1.6 billion at the CIIE. Its subsidiaries focused on expanding green energy consumption and partnered with companies from the United States, Germany, the United Kingdom, Italy, Portugal, Japan, and Singapore. Among them, the gas turbine equipment procured from Siemens Energy will be used in the Taweelah C Independent Power Producer project in Abu Dhabi, which is scheduled to begin commercial operation in 2029.

China National Petroleum Corporation inked 38 procurement agreements worth over USD18.8 billion with 35 global partners, covering oil and gas resources, new materials, high-end equipment, and green and low-carbon sectors, with the scale of deals increasing from the previous CIIE edition.

China Energy Investment Corporation placed USD2.8 billion worth of orders for high-quality coal, high-end equipment, and spare parts with 29 suppliers from 11 countries and regions, including Russia, Indonesia, Austria, the UK, and Germany. They set new records for product categories, geographic coverage, and scale.

Central SOEs also stepped up purchases of high-quality agricultural products, including food and dairy products, as well as high-quality daily consumer goods, medical devices, and healthcare products, at this year’s CIIE, which ended in Shanghai on November 10.

China Oil and Foodstuff Corporation penned deals for wheat, vegetable oil, and Brazilian raw sugar, as well as premium consumer goods, such as wine, beer, and champagne. Its procurement network covers major agricultural production areas in North America, South America, Oceania, and countries along the Belt and Road Initiative, including Kazakhstan and Argentina.

In wheat procurement, COFCO added a new supplier from Kazakhstan this year and further explored containerized and bulk grain transportation methods. For sorghum and barley purchases, the firm leveraged the seasonal complementarity between production regions in the Northern and Southern Hemispheres to expand channels for high-quality grain sources.

In recent years, cherries, lobsters, and king crabs have been transported by China Eastern Airlines directly to Chinese consumers’ tables. At this CIIE, China Eastern Cold Chain Logistics Shanghai signed a memorandum of understanding with Skagen Salmon, becoming the Danish company’s key partner in expanding in the Chinese market.

Eastern Air Logistics, another subsidiary of China Eastern, inked a strategic cooperation agreement with Swiss drugmaker Novartis, under which the two sides will integrate air cargo and pharmaceutical cold-chain expertise to connect key nodes in pharmaceutical distribution.

China Tourism Group teamed up with multiple high-quality overseas suppliers, covering popular consumer categories, such as beauty and personal care products and imported alcoholic beverages, further enriching the supply of duty-free goods. The total value of the deals they penned reached USD1.2 billion.

Source: Yicai Global

 

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