Shanghai Hongqiao International Coffee Harbor was certified on Aug 4 as a coffee trading and exhibition platform, and is expected to realize annual trading volume of 10 billion yuan ($1.47 billion) beginning in 2025, backed by a percolating Chinese coffee market whose size may exceed 1 trillion yuan by that year, industry experts said.
A webinar titled Swiss and Foreign Companies in Shanghai Hongqiao International CBD: Investment Opportunities, Recovery and Trade Outlook was organized by Swiss Centers China and the administrative committee of the central business district on Thursday.
More than 30 companies and institutions have signed agreements to attend the fifth China International Import Expo. It shows the firm confidence of all parties to participate in the expo and their optimism about the Chinese market.
Shanghai announced a 50-measure action plan on Sunday to fully assist domestic and foreign enterprises to recover from challenges brought by COVID-19 over the past months and reboot the city's economic vitality.
Shanghai Customs recently issued 39 measures to support Hongqiao in its bid to become a commercial bridge connecting to global markets.
The Hongqiao area in Shanghai has been attracting more businesses just a year after the central government put forward a plan to build the Hongqiao International Hub for Opening-up, according to municipal officials.
Further opening up the Hongqiao area in Shanghai will bring more prosperity and development opportunities to the city, the Yangtze River Delta, and the world, said officials, scholars and business executives during a forum in Shanghai on Saturday.
