BEIJING, April 15,
2024 /PRNewswire/ -- A report from China Daily:
Since its inaugural session in 2021, the China International
Consumer Products Expo, held in Haikou, the capital city of the southern
island province of Hainan, has
provided a new platform for global enterprises to showcase their
quality products and share the development opportunities brought by
the Chinese market.
The expo is China's first national-level exhibition with the
theme of consumer goods and is the largest of its kind in the
Asia-Pacific region.
The event has garnered great attention from the international
business community since the first session was held in May 2021.
The first expo featured a total exhibition area of 80,000 square
meters, including 60,000 sq m for international exhibitors in a
variety of sectors including cosmetics, automobiles, food, cruise
ships and garments.
A total of 70 countries and regions attended the four-day expo,
and 2,628 brands under 1,505 enterprises from home and abroad
participated in the exhibition. The expo also attracted more than
240,000 visits, including 30,000 professionals representing buyers
from across the world.
In addition, more than 130 events relating to the release of new
products, matchmaking between suppliers and buyers, as well as
industrial promotions, were held at the inaugural session.
A great number of high-quality overseas consumer products, like
coffee from Panama, olive oil from
Spain and whisky from Ireland, have used the expo as a platform to
enter the vast Chinese market, according to the event's
organizers.
It is worth mentioning that all the provinces, municipalities
and autonomous regions in China
dispatched trade delegations to attend the expo.
Experts said the CICPE was targeted at boosting the development
of the Hainan Free Trade Port.
China first proposed the establishment of a free trade zone in
Hainan in 2018 and began
construction of the Hainan Free Trade Port in 2020. Since then,
Hainan has implemented a series of
preferential policies such as visa-free entry, offshore duty-free
shopping and a tax-exempt imports list, which has provided an
express channel for overseas brands to enter the Chinese
market.
The consumer products expo is an essential part of the
construction of the Hainan Free Trade Port and a step toward
high-standard opening-up as the province strengthens duty-free
consumption to drive economic development, according to local
experts. They added that the expo has played a remarkable role in
boosting duty-free consumption during the event and the period that
followed.
Official data show that Hainan's offshore duty-free sales between
May 6-9, 2021, increased 309 percent
from the same period of 2020.
The event also attracted much attention from international
media. The expo's organizers said that more than 160 media outlets
from home and abroad, including Xinhua News Agency, China Daily, The Associated Press and Tass,
dispatched nearly 1,000 reporters to cover the event. During the
period from March 15 to May 15, more
than 428,000 reports relating to the event were published by
300-plus media outlets.
Switzerland was the guest
country of honor at the first expo. "The expo has brought new
opportunities for global high-end brands to enter and expand in the
Chinese market," said Bernardino
Regazzoni, then Swiss ambassador to China. "The expo also
marks another big step forward in the construction of the Hainan
Free Trade Port and the acceleration of China's integration into
the global economic system," he added.
The second CICPE was held in Haikou from July 26-30,
2022. This session featured an exhibition area of 100,000 sq
m. A total of 1,955 enterprises from 61 countries and regions, made
of 1,107 from overseas and 848 from China, exhibited 2,843 brands
at the expo. In addition, the 2022 expo received more than 280,000
visits including 40,000-plus representatives for buyers.
The expo released more than 600 new products. A yacht show
featuring 200-plus yachts from 50 well-known brands was held
alongside the expo, according to the organizer.
As the guest country of honor, France participated in the second expo with
nearly 50 of its enterprises and 250 brands. French companies
Galeries Lafayette and Danone, for instance, took part in the
event.
Lawrance Shum, CEO of Galeries
Lafayette China, said the expo is an excellent platform for
purchasers to connect with global high-end brands and understand
the Hainan market as well as the
entire Chinese market.
Bruno Chevot, president of Danone Greater China, North Asia and Oceania, said the expo is a
"bridge" and "window" for high-quality foreign goods to enter the
Chinese market, which is conducive to promoting communication
between domestic and foreign markets and boosting consumption
upgrading.
The event again attracted great media attention. During the
period between June 24 and Aug 5,
2022, a total of 324 media outlets from China and abroad
covered the expo, with nearly 340,000 reports published.
The third CICPE was held in Haikou from April
10-15, 2023. The total exhibition area reached 120,000 sq m,
an increase of 20 percent over the 2022 edition.
More than 3,300 brands from 65 countries and regions were
displayed at the event, an increase of 19 percent from 2022. The
event attracted more than 320,000 visits. The number of buyers'
representatives attending the expo exceeded 50,000, growing 25
percent from the 2022 edition.
There were successful investment promotions at the expo.
Businesses from the host city of Haikou, for instance, signed agreements on 24
cooperative projects with domestic and overseas partners. The
combined pledged investment totaled 3
billion yuan ($414.6
million).
More than 200 media outlets from home and abroad sent reporters
to cover the event. About 610,000 reports related to the expo were
published during the period March 3 to April
15 that year.
Italy was the guest country of
honor of the third CICPE. In a short video at the opening ceremony
on April 10, Italian Prime Minister
Giorgia Meloni expressed her
gratitude to the Chinese leadership and the expo, stressing the
bilateral consensus to enhance China-Italy trade ties and boost global economic
recovery through joint efforts.
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SOURCE China Daily