Hey folks! The 5th China International Consumer Products Expo (CICPE) in south China's Hainan Province was nothing short of epic. With a whopping 1,767 companies and over 4,200 consumer brands from 71 countries and regions joining the action, the expo set the bar sky-high 📈.
Global brands, innovative e-commerce platforms, and country-specific showcases kicked off 52 intended cooperation agreements valued at roughly 92 billion yuan (about $12.6 billion)! This milestone clearly reflects China’s evolving consumer power and a bold move towards a service-driven economy.
Among the highlights, countries like Slovakia, Singapore, Brazil, Armenia, and Kazakhstan unveiled their national pavilions. Plus, the United Kingdom, honored as this year's guest country of honor, dominated a spacious 1,300+ square meter area with 53 top-notch brands covering fashion, beauty, homeware, health, and jewelry 🛍️.
With over 60,000 professional purchasers in attendance—a 10% jump from last year—the energy was infectious. Tied to the event was the Ministry of Commerce's "Shopping in China" campaign, aimed at boosting domestic consumption and fostering collaborations between foreign trade firms and local buyers.
Aligned with the 2020 Hainan Free Trade Port master plan, this expo is more than just a marketplace; it’s a glimpse into a future where consumer trends and service-driven growth open up vast opportunities for global businesses. With experts predicting that services will soon account for more than 50% of China's total consumption by 2030, exciting times lie ahead!
Keep an eye out for the 6th CICPE, as hundreds of companies are already gearing up to bring even more innovation and international collaboration to the forefront. Catch the wave of change and join in on the journey! ✨
Reference(s):
cgtn.com
