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At present, the Ningxia wine region has 86 chateaus and plants nearly 40,000 hectares of wine grapes, which can produce nearly 100,000 tons of wine grapes a year. With an annual output of 120 million bottles, the wine industry’s comprehensive output value exceeds billion.

At the Monday morning session, experts provided insight into growing trends in the Chinese outbound market. Increasing numbers of independent travelers are setting off from China, whereas in the past Chinese tourists have provided big business for group tour companies. Travelling Chinese millennials are generally adventurous and bilingual, and are looking to have unique experiences off the beaten track, the audience heard.

At present, the rate of families participating in online wealth management has risen to 11.3 percent from 5.4 percent in 2015. Specifically, the online investment willing index for people below the age of 30 stood at 108.8, while that for people aged between 51 and 60 at 103.6.

At the opening of the first CIIE last year, President Xi Jinping said that China is likely to import more than trillion worth of goods and trillion worth of services in the next 15 years as Chinese people continue to upgrade their lives.

At the booth of Eli Lilly, the US company and its Chinese partners from academia, hospitals and industry discussed the latest development of their joint efforts regarding clinical trials of two COVID-19-related antibody treatments and a marketed JAK inhibitor to treat complications of COVID-19.