Overseas Frontline | The opening ceremony of the 9th China International Import Expo is held; China-Africa renewable energy cooperation continues to

Overseas Development Milestones

Opening Ceremony of the 9th China International Import Expo Held

On November 5, the opening ceremony of the 9th China International Import Expo and the Hongqiao International Economic Forum was held in Shanghai. Multiple data of this expo hit new record highs: it gathered 162 countries, regions and international organizations, with 4142 overseas enterprises participating in the exhibition. The total exhibition area exceeded 440,000 square meters for the first time. The enterprise exhibition area surpassed 370,000 square meters for the first time, and the number of Fortune Global 500 companies and leading industry enterprises exceeded 300 for the first time. There were more than 480 representative exhibits making their global debut, Asian premiere and China's first show, hitting a record high over the years. (CCTV News)

29th China-Canada Joint Economic and Trade Commission Held in Beijing

On November 3, Wang Wentao, Minister of Commerce, and Mary Ng, Minister of International Trade of Canada, co-chaired the 29th meeting of the China-Canada Joint Economic and Trade Commission (the first ministerial meeting) in Beijing. The two sides had candid and in-depth exchanges on China-Canada economic and trade relations, cooperation in traditional and emerging fields, and mutual economic and trade concerns. Li Chenggang, International Trade Representative of the People's Republic of China (ministerial level) and Vice Minister of Commerce, attended the meeting. Wang Wentao said that under the strategic guidance of the leaders of the two countries, positive progress has been made in recent China-Canada economic and trade consultations, including further extending the relevant exemption measures for the preliminary joint arrangement. China is willing to continue to give full play to the role of the Joint Economic and Trade Commission as the main channel for resolving economic and trade differences and promoting economic and trade cooperation with Canada, continuously shorten the problem list and lengthen the cooperation list. At the same time, the two sides will continue to implement the China-Canada economic and trade cooperation roadmap, consolidate cooperation in traditional fields such as oil and gas energy, agricultural and aquatic products and consumer goods, and further expand cooperation in emerging fields such as new materials, advanced manufacturing, clean energy and smart agriculture, to provide strong support for the development of China-Canada economic and trade relations. (Ministry of Commerce of the People's Republic of China)

"Buy in BRICS" Thematic Matching Event to be Held in Shanghai on November 9

On the afternoon of November 9, on the occasion of the 9th China International Import Expo, the "Buy in BRICS" thematic matching event will be held at the Pullman Shanghai Hongqiao Greenland Hotel. As a thematic matching event implemented in accordance with the deployment of the Ministry of Commerce's "Sharing the Big Market · Export to China" series of activities, "Buy in BRICS" aims to build a trade channel to promote the entry of featured products from BRICS countries into China, and strive to expand two-way economic and trade exchanges between BRICS countries. The event will set up sessions including special promotion of national premium products, promotion of purchasers and platforms, and supplier-purchaser docking, to build a face-to-face negotiation channel for overseas suppliers and domestic procurement channels. (BRICS Special Economic Zones China Cooperation Center)

New Market Observation

Nearly 100 Cooperation Projects, China-Africa Renewable Energy Cooperation Continues to Expand New Tracks

On November 4, the *China-Africa Renewable Energy Cooperation Report 2026* was released in Hunan. The report shows that there are nearly 100 China-Africa renewable energy cooperation projects with an installed capacity of 17 GW, benefiting dozens of African countries. The report shows that from 2023 to 2026, there are nearly 100 China-Africa renewable energy cooperation projects with an installed capacity of 17 GW, covering multiple fields such as hydropower, wind power and photovoltaic. Among them, solar power generation projects are the most numerous, reaching 42 with a total capacity of 7.4GW; 16 hydropower projects with a total capacity of 6.8GW; 7 wind power projects with a total capacity of 2.2GW. (CCTV News)

After Raising Consumption Tax on Imported Electric Vehicles, Thailand's Automobile Output Expected to Grow by 7%

A high-level private alliance that formulates economic and trade policies in coordination with the Thai government said that after the Thai cabinet approved the increase of consumption tax on imported electric vehicles, Thailand's automobile output in 2027 is expected to reach 1.55 million units, an increase of about 7% compared with the expected value of this year. The cabinet raised the consumption tax on imported pure electric vehicles from 10% to 35%, and that on extended-range electric vehicles from 15% to 35% on November 3. The new regulation will take effect on January 1, 2027, aiming to encourage local manufacturing and improve the local supply chain. (Sina Finance)

Qatar to Become the World's Largest Buyer of U.S. Liquefied Natural Gas Soon

Qatar's state-owned energy enterprise is expected to become the world's largest purchaser of U.S. liquefied natural gas (LNG) in the early 2030s. Affected by the ongoing conflicts in the Middle East, the Gulf country's exports are restricted, so it has begun to look for new gas sources. QatarEnergy signed two agreements in late October, which will add 7 million tons of U.S. liquefied natural gas per year to supply its overseas customers. (CLS.cn)

Corporate Updates

Chinese Commercial Aerospace Enterprise Signs Large Overseas Constellation Order with 20 Satellites in the First Batch

On November 2, Dwei Space Technology (Hangzhou) Co., Ltd. and Oman Lens Co. signed a space artificial intelligence cooperation agreement in Beijing. According to the agreement, the two sides will jointly develop, launch and operate the first batch of 20 satellites of the Oman Lens constellation, and simultaneously promote the construction of local space facilities and talent training in Oman. According to Dwei Space, this is the first time that a Chinese commercial aerospace enterprise has signed a satellite constellation overseas cooperation agreement. This project is the largest single project of Chinese commercial satellites going overseas so far, and the contract amount sets a new record for Chinese commercial aerospace orders. The specific amount has not been disclosed for the time being. (Shanghai Securities News)

CATL, Ampace and Octopus Energy Sign Memorandum to Deploy Smart Residential Energy Storage in Europe

On November 4, British energy company Octopus Energy, Ampace and CATL signed a strategic cooperation memorandum. The three parties will jointly explore smart residential energy storage solutions for the European market, and give priority to deploying in markets such as the UK, France and Spain. This is further cooperation between Octopus Energy and CATL in the home energy scenario after the European heavy-duty truck battery swapping cooperation in June this year. According to the cooperation arrangement, CATL provides battery technology and system-level technical support, Ampace gives full play to its capabilities in product R&D, system integration and large-scale manufacturing, and Octopus Energy provides digital energy platform, smart energy management and energy service support. The three parties will jointly explore smart home energy solutions. (jiemian.com)

Local Transaction Proportion of AliExpress in the EU Exceeds 60% during Overseas Double 11

36kr learned from the first-day data of Alibaba's AliExpress during the overseas Double 11 that the local transaction proportion of AliExpress in the EU market reached 63%, of which the local transaction scale in Poland and Spain exceeded 70%. It is understood that during the Double 11 period, AliExpress also provides next-day delivery services in 23 regions of 3 countries including Spain, France and Poland, covering major cities such as Madrid, Barcelona and Paris. (36kr)

Industry Trends

Domestic Watch & Clock Brands Expand Overseas to Switzerland in Reverse Direction

In the early years, watch and clock enterprises in Dongguan were only responsible for OEM, producing according to the drawings of foreign merchants, and only earning a processing fee of 8 yuan per watch. Now, the enterprises have mastered highly difficult watchmaking techniques such as processing 0.4mm thick meteorite dials, with the selling price reaching 16,800 yuan, and the profit margin of independent brands has increased by 20 to 30 times. The enterprises expand overseas in reverse direction and set up factories in Switzerland to produce watches for local Swiss brands. Dongguan's watch and clock industry model has achieved transformation, upgrading from passive order receiving to active output of design and complete solutions, and predicting global fashion trends in advance. Some workshops have introduced AI automatic assembly equipment, and invested tens of millions of yuan to build intelligent warehouses to improve precision and production efficiency. The brand-new industrial park integrates R&D, proofing, testing and exhibition, realizing the full-chain connection from creativity to finished products. (CCTV Finance)

China's New Display Industry's Global Market Share Exceeds 50%

The *2026 New Display Industry Development Report* released by the China Electronics Information Industry Development Research Institute on November 4 shows that China's new display industry has achieved leapfrog development and has become the display panel production base with the most complete technical layout in the world. According to Hu Chunming, Executive Deputy Secretary-General of the Liquid Crystal Branch of China Optics and Optoelectronics Association, in 2025, the output value of China's new display industry reached 838.6 billion yuan, with a global market share of over 53%, and the shipment area of display panels exceeded 220 million square meters, accounting for 77% of the global market. (CCTV News)

Industry Institutions Predict: China's Automobile Exports Will Exceed 10 Million Units in 2026

At the Innovation and Development Conference of Automobile Industry Overseas Expansion Model hosted by Chebaihui Research Institute, many participants said that China's automobile overseas expansion is moving from the opportunity window period to the capability verification period. When the export scale is sprinting towards the 10 million unit mark, whether it can "stand firm" in overseas markets depends on whether the systematic capabilities such as service, data and supply chain can keep pace synchronously. Since the beginning of this year, China's automobile exports have maintained a high growth trend. Data shows that from January to September, China's total vehicle exports reached 8.205 million units, a year-on-year increase of 65.8%, exceeding the total export volume of 7.098 million units for the whole of last year; among them, new energy vehicle exports reached 4.006 million units, a year-on-year increase of 127.9%, accounting for more than half of the total vehicle exports for 4 consecutive months. Multiple industry institutions judge that China's automobile exports will exceed 10 million units in 2026, hitting a new all-time high. (Securities Times)

This article is from the WeChat Official Account "Zhejiang Enterprises Overseas Comprehensive Service Port".