Innovative Chinese products shine at China-CEEC Expo

Made-in-China products are catching the eye with their technological innovations and excellent quality at the 4th China-Central and Eastern European Countries (CEEC) Expo and International Consumer Goods Fair in Ningbo City, east China's Zhejiang Province.

This year's expo has set up a dedicated digital and smart manufacturing area for the first time. Visitors are amazed by nearly 100 cutting-edge artificial intelligence and robotics products, including humanoid robots, bionic products, and AR interactive applications developed and made by Chinese companies.

"I really like the hands, the technology of the fingers, and everything; they can really do the really precise stuff. I think this kind of product has the possibility of entering the world market, not just in our countries," said a businessman from Slovenia. A Zhejiang-based humanoid robot innovation center has brought to the fair its newly developed humanoid robot, which can be used in numerous fields such as manufacturing, retail, navigation, and inspection.

Other items made in the province, such as ultra-light and environmentally friendly backpacks, carbon fiber rackets, and multilingual real-time interactive translation devices, are also on display at the expo. Fruitful transactions have occurred at the expo. A Chinese trade company for pet products signed an over 200 million yuan (about 28 million U.S. dollars) deal with a Serbian company for the pet nutrition products market.

"China is one of the biggest markets, of course. China is our friendly country and the people of Serbia and China have really friendly communication. So this is an opportunity for both countries to export to another country," said Aleksandar Brankov, co-owner of Belgrade-based pet health product company VetPlanet.

So far, over 30 enterprises from across China and Central and Eastern European countries have signed contracts with a total value of 2.49 billion yuan (about 346 million U.S. dollars) through the expo, which will end on Sunday.

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 20 pips to 7.0108 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.