Current location:world >>
Commentary: Chinese consumer market full of opportunities for global brands
world56People have gathered around
IntroductionHAIKOU, April 13 (Xinhua) -- The booming consumer market in China, the world's second-largest econom ...
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)
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“World Weaver news portal”。http://bahamas.tokosaranateknik.com/html-6d099918.html
Related articles
Austrian leader lauds UK's efforts on migration and cites its plan for deportations to Rwanda
worldVIENNA (AP) — Austria’s leader praised Britain Tuesday as a “pioneer” in outsourcing asylum proceedi ...
【world】
Read moreChina Sets out 5
worldContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【world】
Read moreChina Has Nearly 300 Million Students in 2021
worldContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【world】
Read more
Popular articles
- Biden to release 1 million barrels of gasoline in bid to lower prices at pump
- Xinjiang Issues Development Plan for Women, Children
- Shandong Establishes Online Platform to Provide Door
- In Pics: Awarding Ceremony of 2,000m Short
- Report says China is accelerating the forced urbanization of rural Tibetans
- China to Extend Women's Access to Cervical, Breast Cancer Screenings
Latest articles
LINKS
- Hayao Miyazaki's animated fantasy stays atop Chinese box office
- The proof going vegan ISN'T better for you? Study finds plant
- Bader drives in go
- Mike Trout's 2
- Rescuers battling forest fire in China's Sichuan
- Meet the super
- Rescuers battling forest fire in China's Sichuan
- Antique book archive inaugurated in Beijing
- North America witnesses total solar eclipse
- Israel accused of deadly strike on Iranian consulate in Syria