Shanghai: The eighth China International Import Expo concluded on Monday with a record of $83.49 billion one-year intended deals, up 4.4% from the previous edition and hitting a new high, according to expo officials.

According to Anadolu Agency, the development followed a summit last month between Chinese President Xi Jinping and US President Donald Trump in South Korea, where the two sides agreed to a one-year trade and tariff agreement. Held on Nov. 5-10 in the eastern city of Shanghai, the expo attracted 4,108 enterprises from 138 countries and regions, as well as 290 companies and industry leaders from the Fortune Global 500.

The six-day event featured 461 new products, technologies, and services across industries such as biomedicine, technical equipment, and green and low-carbon technology. The eighth expo hosted 43 trade delegations and more than 700 sub-delegations, with over 460,000 registered attendees, up 7% from the previous year.

For 16 consecutive years, China has been the world's second-largest import market, with the country's goods and services imports during the 14th Five-Year Plan period (2021-2025) expected to exceed $15 trillion, according to Vice Commerce Minister Sheng Qiuping. Launched in 2018 as the first national-level expo focused on imports, the event was created to promote China's opening-up and transform its vast market into a global shared opportunity.