The fourth China International Import Expo (CIIE), which is slated to be held in Shanghai from Nov 5 to 10, provides a great platform for Ningbo businesses to seek cooperation with renowned companies across the world.

China-Base Ningbo Group Co Ltd (CBNB), a private company in Ningbo which is listed among the top 500 foreign trade companies in China, will sign a contract worth $1 billion with JBS, the world's largest meat producer, at the upcoming CIIE.

The deal is expected to be the Ningbo trade mission's largest at this year's event, doubling the value of the city's largest deal at the 3th CIIE.

"During the Second China-CEEC Expo held in Ningbo this June, we reached a deal to import beef from Serbia. CIIE is a great platform for us," said a head of CBNB.

General Electric (GE) will also sign an investment agreement worth $100 million with Ningbo during the event, marking the first time that GE has launched a project in Ningbo.

GE plans to build a global headquarters for the research and development (R&D) and manufacturing of water purification.

According to the plan, the project involves two stages. In the first stage, it will concentrate on producing water-purifying products for both commercial and household use; in the second stage, it will focus on product innovation and technology R&D.