CHINA First exhibit arrives at import expo venue

CHINA

First exhibit arrives at import expo venue

By Huang Yixuan | SHINE

21:50, October 23, 2020

The first exhibit for the third CIIE is delivered to the venue on early Friday morning.

The first exhibit for the third China International Import Expo was delivered to the venue on Friday.

Wirtgen Group's W 380 CR cold recycler is a machine that can regenerate a 3.8-meter-wide, 30-centimeter-thick asphalt pavement in a single pass.

Peng Chunyan, assistant general manager of operations at the National Convention and Exhibition Center, said machine was divided into two parts for delivery. The main engine is 16 meters long and weighs 35 tons, with the rest 4.5 meters long and 17 tons.

After customs declaration, a transport agent picked up the machine from Haitong Terminal on Thursday and delivered it to the North Plaza of the exhibition hall in the early hours of Friday.

The German company is taking part in the CIIE for the first time to demonstrate its technology and products in the field of green road construction and maintenance.

Yu Yongzhi, director of sales at Wirtgen China, said its exhibits are benefiting from the expo policy that exempts them from customs duties and value-added taxes.

On October 14, a tax cut policy for expo exhibits was issued by the Ministry of Finance, the General Administration of Customs and the State Taxation Administration, allowing CIIE exhibitors to receive a certain amount of tax exemptions, including customs duties, value-added tax and consumption tax.

Unlike the one-off tax preferential policies of the past two expos, the notice stated that the new policy would be for the long term.

"With the support of such policy, enterprises have more space to give clients discounts thus reducing the purchase cost for customers," Yu said.

"This win-win pattern helps to accelerate the introduction of international high-quality products and technologies, driving and promoting the rapid upgrading of the overall technological level of the industry."

In the long run, the policy will be conducive to further implementation of an expanding domestic demand strategy, and will promote deeper integration and interaction between domestic and foreign markets or resources, Peng said.

To date, 98 percent of CIIE exhibits are on the Chinese mainland and it is estimated they will all arrive at the venue by early November.

The exhibition areas for equipment, automobiles, and medical equipment and health care will start to arrange exhibits on Saturday, while all sections will officially start the work on Monday.

It is expected that work on setting up booths and arranging exhibits will be completed around November 2.

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