Current location:style >>
Consumer expo to display more new items
style82733People have gathered around
IntroductionKey national event to be held in Haikou highlighted for boosting consumptionThe upcoming China Inter ...
Key national event to be held in Haikou highlighted for boosting consumption
The upcoming China International Consumer Products Expo is expected to see a greater number of international brands debut their new products, fueled by the vitality of China's consumer market, the Ministry of Commerce said.
The expo will be held from April 13 to 18 in Haikou, Hainan province.
The event will be China's first significant international expo this year, as the country continues to promote consumption growth, according to the ministry.
In January and February, total retail sales of consumer goods in the country reached 8.13 trillion yuan ($1.12 trillion), up 5.5 percent year-on-year, indicating the resilience of China's consumer market, according to the National Bureau of Statistics.
Since Feb 9, citizens from 59 countries have been allowed to enter Hainan visa-free for up to 30 days for various purposes, and the policy has attracted more global companies to participate in the consumer expo.
This year, the expo's indoor exhibition area is expected to reach 128,000 square meters, and highlight new types of consumption, digital consumption and green consumption displays.
The expo is forecast to attract over 3,000 brands from 59 countries and regions, and 84 domestic and foreign brands will participate in the expo for the first time.
Ireland will serve as guest of honor this year, while the United Kingdom, Mongolia and Malaysia will showcase their products in the form of national exhibition groups for the first time.
"Taking advantage of its geographical and ecological advantages, in addition to the main venue, three new sub-venues have been added for the first time in cities such as Haikou and Qionghai, including sub-venues that focus on sailing and yachting, duty-free shopping, and health consumption," said Sheng Qiuping, vice-minister of commerce, at a news conference in Beijing on Wednesday.
Hainan Free Trade Port is a pioneer in China's opening-up efforts.
In 2023, Hainan's total import and export value reached 230 billion yuan, up 15.3 percent year-on-year, maintaining double-digit growth for three consecutive years. In the past five years, the total amount of foreign investment in Hainan has exceeded that of the previous three decades, according to the local government.
Hainan has made offshore duty-free shopping a golden signboard of the province. Currently, there are some 150,000 types of duty-free products on sale in Hainan, and in the past six years, total sales of duty-free products have exceeded 180 billion yuan, the local government said.
"Next, we will attract a group of major international enterprises to settle in Hainan, and build the province into a new highland of high-standard opening-up to the outside world," Chen Huaiyu, vice-governor of Hainan, said during the news conference.
Meanwhile, 11 member countries of the Regional Comprehensive Economic Partnership will participate in the expo this year to explore business growth opportunities in China.
The agreement, which took effect in January 2022, has helped boost regional economic growth.
In 2023, the global trade value of goods between Hainan and RCEP members exceeded 80 billion yuan, up 37.9 percent compared to the 2021 levels.
The business exchanges mainly concentrated on areas such as travel, transportation, commerce, and insurance services, the local government said.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Cultural Caravan news portal”。http://guadeloupe.unhasdecoradas.org/article-98a399808.html
Related articles
Shohei Ohtani's first walk
styleLOS ANGELES (AP) — Shohei Ohtani’s first walk-off hit for the Los Angeles Dodgers was also his first ...
【style】
Read moreItalian court drops charges against migrant rescue ship crews and ends long
styleROME (AP) — An Italian court on Friday dismissed a long-running case against the crew of three human ...
【style】
Read more2 suspects detained in Poland for attack on a Navalny ally in Lithuania
styleVILNIUS, Lithuania (AP) — Two men have been detained in Poland on suspicion that they attacked Russi ...
【style】
Read more
Popular articles
- Six killed in a 'foiled coup' in Congo, the army says
- Larry David reunites with onscreen ex
- The US attempts a new military deal with Niger in a last ditch effort to stay
- Meghan Markle models 'love like a mother' t
- Mohammad Mokhber: Who is Iran’s acting president?
- Lacazette ready to play for Lyon against PSG after face injury
Latest articles
Minnesota Uber and Lyft driver pay package beats deadline to win approval in Legislature
BP defeated thousands of suits by sick Gulf spill cleanup workers. But not one by a boat captain
Taylor Swift channels her bridal Grammy look in Fortnight video teaser
2 suspects detained in Poland for attack on a Navalny ally in Lithuania
Nuggets blow 20
Ed Westwick puts on a dapper display as he steps out with stunning fiancée Amy Jackson for star
LINKS
- Ryan Gosling shares 'odd piece of advice' co
- Chris Hemsworth reunites with his former Home and Away co
- Surridge, Mukhtar, Zimmerman lead Nashville past Montreal 4
- Chrissy Teigen rocks tiny bra top under berry
- Putin begins a new era of extraordinary power in Russia
- Anne Hathaway rocks fictional boy band tee 'August Moon' as part of her promo push for new rom
- Arriaga, Oluwaseyi lead Minnesota United over Atlanta United 2
- Alabama state senator chides male colleagues for letting parental leave bill die
- Texas floods: Rescue works underway as forecasters predict more rainfall
- Georgian protesters against 'Russia