Commentary: Chinese consumer market full of opportunities for global brands
Release time：2024-05-22 03:38:14 Source：Planet Pulse news portal
-
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）
- Previous：Who is Jacob Zuma, the former South African president disqualified from next week's election?
- Next：Ohio judge to rule Monday on whether the state’s abortion ban stands
Related articles
- OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
- World Insights: Int'l Community Welcomes Xi
- A glimpse of lotus flowers in China
- Birds, locals in harmony under China's wetland conservation
- Philippines blames China for loss of giant clams in disputed shoal and urges environmental inquiry
- Rainbow appears in Nyingchi, China's Tibet
- Scenery of Baiyangdian Lake in Xiongan New Area, N China's Hebei
- Rural scenery in China's Gansu
- Target starts price war with Walmart by slashing the cost of 5,000 popular items
- Bringing on the summer tourism heat
- Xander Schauffele gets validation and records with one memorable putt at PGA Championship
- Huangguoshu Waterfall transformed into misty wonderland in SW China's Guizhou
- Universal Beijing Resort starts trial run
- Scenery of azalea blossoms in Zhalantun City, N China
- Flight attendant reveals why plane passengers should NEVER fall asleep before take off
- Amazing sea of cloud appears over township in Hubei
- Chinese State Councilor Stresses Fostering Highly
- Mount Huangshan in E China, World Cultural and Natural Heritage
- Everybody may love Raymond, but Ray Romano loves Peter Boyle
- A glimpse of lotus flowers in China
Random recommendation
Auto industry insiders highlight interdependence between China, EuropeAlmost 100,000 elderly patients endure 12Jets trade down a spot and then take Penn State offensive tackle Olu Fashanu at No. 11 in NFL draftPictured: PlantRavens pick Clemson CB Nate Wiggins in the first round, adding depth and speed to their secondaryThe federal government plans to restore grizzly bears to the North Cascades region of WashingtonAs some universities negotiate with proGrace Kim shoots 7Chiefs trade up with Bills to select WR Xavier Worthy at No. 28 in NFL draftFallout v Halo: As Fallout 4 drops its next
- Copyright © 2024 Powered by Commentary: Chinese consumer market full of opportunities for global brands ,Planet Pulse news portal sitemap