The China International Import Expo Bureau and the National Exhibition and Convention Center (Shanghai), the venue for the CIIE, held an online promotional event for the innovation incubation subsection of the fifth expo on May 10.

In addition to the three exhibition areas – automobile, intelligent industry and information technology, and medical equipment and healthcare products – where the subsection was set up during the fourth CIIE in 2021, the consumer goods exhibition area will also include an innovation incubation subsection this year, according to Song Shangzhe, assistant president of the NECC Shanghai.

Through this subsection, the CIIE aims to build a platform for global companies to carry out cooperation in technological innovation, and create opportunities for micro and small-sized tech enterprises, added Song.

Guo Kuilong, secretary general of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, talked about the achievements of the subsection at the fourth CIIE's intelligent industry and information technology exhibition area, while Han Wei, vice-president of TusStar, an investment firm, said the company will help promote the exchanges and cooperation between innovative companies at this year's automobile exhibition area.

Decathlon, Becton, Dickinson and Company, and BMW Group also expressed their commitment to help with the development of promising start-ups in the Chinese market.

Li Xiaona, deputy editor-in-chief at China Venture Capital, explained China's policies related to business environment, financing and talent.

By Zhao Luyang