Current location:
Commentary: Chinese consumer market full of opportunities for global brands
Time:2024-05-21 22:12:50 Source:opinionsViews(143)
HAIKOU, April 13 (Xinhua) -- The booming consumer market in China, the world's second-largest economy, generates numerous business opportunities for global brands. No big international brands would overlook the enticing Chinese market. This is precisely why the fourth China International Consumer Products Expo in China's southern island province of Hainan drew over 4,000 brands from 71 countries and regions. As seen from the theme of this year's expo, "Share Open Opportunities, Co-create a Better Life", it emphasizes China's willingness and initiative to share open opportunities with global brands that are making significant market investments. The expo, which started Saturday and lasts till April 18, is China's only national-level exhibition featuring consumer products and also the largest consumer expo in the Asia-Pacific region. This year it has the biggest scale ever, attracting a record number of brands with an indoor exhibition area of 128,000 square meters. The participation of numerous international companies underscores their keen interest and confidence in the Chinese market where consumption has become a major driver of the economy. There is no doubt that the Chinese consumer market is full of potential and opportunities, as its vast population of 1.4 billion, growing middle class, and increasing consumer demand for high-quality products have made China a key market for global companies. The Hainan expo provides a multifaceted platform for global companies to not only showcase their products and services but also explore more lucrative business opportunities and tap into the vast potential of the Chinese market. Meanwhile, Hainan is ramping up efforts to become a free trade port. This will increase market access and create a more favorable business environment. China also aims to build Hainan into a globally influential tourism and consumption destination by 2035. Booming duty-free shopping attests to the province's burgeoning appeal as a consumer haven. In 2023, the number of shoppers and the total value of transactions climbed by 59.9 percent and 25.4 percent, respectively, year on year. China's open and shared development injects great momentum into global economic growth. As China firmly advances high-standard opening up, the opportunities in its consumer market will only grow, offering a bigger slice of the cake for global brands.
(Editor:Wang Su)
share to:
Previous:Who is Jacob Zuma, the former South African president disqualified from next week's election?
Kind tips:The above content and pictures are compiled from the Internet and are for reference only. I hope they will be helpful to you! If there is any infringement, please contact us to delete it.!
You may also like
- Revealed: Brit tourist, 19, subjected to sex attack in Majorca 'was gang
- Shannon Sharpe addresses Shaquille O'Neal feud after NBA legend insisted ex
- Worried about going grey? You're not alone! This new men's shampoo can help you back to darker hair
- Tom Holland finally makes his long
- How Diddy made himself the 'victim' in apology video where he does not mention ex
- Scientists discover ancient HERPES in 50,000
- Slovakia plans to build a new nuclear reactor
- Nicola Coughlan looks stylish in a black co
- Grant Shapps vows he WILL find more planes for mass parachute drop to mark 80th anniversary of D