Commentary: Chinese consumer market full of opportunities for global brands
Release time：2024-05-01 12:22:19 Source：Global Grounds 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：Dortmund's injury concerns ease before facing PSG in Champions League semifinal
- Next：Trump hush money trial: What to know as week 2 of testimony opens
Related articles
- How to be a 'Fall Guy': Stunt performers on their rough
- The wild TRUTH behind 'Mormon face': Former member of ultra
- Japan records a trade deficit for the third straight fiscal year despite recovering exports
- Lynn earns his first win in second stint with Cards, who beat A's before season
- Brazil soccer player Gabriel Barbosa cleared by CAS to play during appeal in doping rules case
- Trolls call me 'disgusting' and say 'no man will ever love me' for not shaving my body hair
- Envoy says US is determined to monitor North Korean nukes, through the UN or otherwise
- The chemicals in your garage that may raise risk of incurable muscle
- Refugee agency chief warns that the number of Syrians leaving Lebanon is likely to rise
- Solomon Islanders vote in key election for their country, region — Radio Free Asia
- Queen Mary and King Frederik are caught in a royal Photoshop row
- Madonna, 65, flashes her cleavage while leaning over a Bible with a man next to her as she covers Re
- EU leaders want to talk competitiveness. Middle East tensions and Ukraine top their summit list
- Amy Schumer looks thinner in a T
- Climate change could virtually disappear in Florida — at least according to state law
- UN report points to yawning gap of inequality in sexual and reproductive health worldwide
- MAN UNITED CONFIDENTIAL: How more than TEN stars could be exit
- A woman who accused Trevor Bauer of sex assault is now charged with defrauding ex
- Growing wildfire risk leaves states grappling with how to keep property insurers from fleeing
- A storm dumps record rain across the desert nation of UAE and floods the Dubai airport
Random recommendation
'MPs are complaining, m'lud. Lammy has gone supersonicJunta troops kill 4 in postClosing prices for crude oil, gold and other commoditiesAs Ben Affleck's daughter comes out as 'Fin', why are so many AMillie Bobby Brown, 20, goes makeSan Francisco mayor announces the city will receive pandas from ChinaOklahoma teen's wild, fourIran hints it will build a NUKE if Netanyahu carries out a strike on its atomic sitesPaige Spiranac says Masters viewing figures plunged 20% because 'fans are turned off' by LIVWas Charlie Chaplin's grave once robbed?
- Copyright © 2024 Powered by Commentary: Chinese consumer market full of opportunities for global brands ,Global Grounds news portal sitemap