Consumer Goods Expo opens in Hainan
China will make full use of the advantages of Hainan Free Trade Port. Comprehensively deepen reforms, implement high-level consumer experimental opening policies, deepen bilateral, multilateral and regional cooperation. Work with all parties to create a better future for mankind, President Xi Jinping said on Thursday.
Xi Jinping said in a letter of congratulation to the opening ceremony of Haikou. The capital of Hainan Province, that hosting the first China International Consumer Goods Expo will open on Friday, providing a global platform for boutique consumption.
Xi Jinping said that holding this exhibition will help China share market opportunities with the world. However, the world economy recover and grow, and increase China’s supply of high-quality consumer goods to the world.
He called on guests from all over the world and people from all walks of life to deepen exchanges, seek cooperation, and better serve people of all countries.
The event lasted until Monday and involved nearly 1,500 companies from 70 countries and regions. The first World Expo, co-organized by the Ministry of Commerce and the Hainan Provincial Government. The covers area of 80,000 square meters and will become the largest boutique exhibition in the Asia-Pacific region.
The organizers said at a media briefing on Thursday that there will be a total of 1,365 international brands on display. However, fashion, jewelry, lifestyle, outdoor and food, as well as hospitality and professional services.
About 1,263 domestic brands including Huawei, Gree and iFlytek also participated in the event. The pavilions of China’s provinces, cities, and autonomous regions are ready to bring local boutiques and long-established brands to a wider audience.
Vice Minister of Commerce Wang Bingnan
Said in March this year that the Expo will bring together high-quality consumer products. The resources and global buyers and sellers, and will become an important link between the international and domestic markets.
More than 200,000 visitors are expected to participate in the event, including the debut of 81 new products. Furthermore, Leading brands including Swatch of Switzerland, Swarovski of Austria, Shiseido of Japan and Dell of the United States have all confirmed their participation.
French cosmetics giant L’Oreal has a dedicated 500-square-meter booth. Which will bring exclusive product launches and immersive experience to the expo.
Fabrice Megarbane, President of L’Oréal, said: “The further opening of Hainan shows an innovative way to stimulate consumption. However, we believe that meeting the huge consumer demand for beauty and realizing it all is definitely a balanced strategy. ” North Asia And the CEO of L’Oréal China.
In June 2020, China issued a policy master plan aimed at supporting the construction and development of the Hainan Free Trade Port. Finally, The goal is to develop Hainan Island into a duty-free trade center with global influence by the middle of this century.
Jason Yu, general manager of Kantar Worldpanel China, a consulting firm. Furthermore, The combination of government policies, sound infrastructure, and people’s strong demand for duty-free goods will promote Hainan to a certain extent. Tax-free offshore sales.”