The bustling city of Haikou in the Chinese mainland’s southern Hainan Province is set to become the epicenter of global consumer trends as the Fourth China International Consumer Products Expo (CICPE) kicks off this Saturday.
Renowned as a premier platform for showcasing and trading high-end consumer goods, this year’s CICPE introduces an innovative exhibition area titled \”Dual Circulation, Global Buying\.” Here, duty-free and e-commerce businesses from around the world converge, offering Chinese consumers unprecedented access to quality foreign brands without the need to travel abroad or even leave their homes.
Ms. Li Wei, a resident of Shanghai, expressed her excitement: \”I can now purchase international luxury items duty-free directly from the expo’s exhibitors. It’s convenient and enhances my shopping experience.\”
The new exhibition area not only exemplifies China’s robust consumption power but also plays a pivotal role in advancing the Hainan Free Trade Port’s development. It serves as a tangible manifestation of China’s \”dual circulation\” strategy, a development paradigm adopted in 2020. This approach emphasizes the domestic market as the mainstay, while domestic and international markets complement and reinforce each other.
Mr. Zhang Ming, an economic analyst, commented, \”The ‘dual circulation’ model is designed to boost domestic demand while fostering international trade relationships. The CICPE embodies this by bridging global brands with Chinese consumers, stimulating economic growth on multiple fronts.\”
As global businesses navigate a post-pandemic economy, the expo offers a beacon of opportunity. International exhibitors gain direct access to China’s vast market, while Chinese consumers benefit from a wider array of high-quality products.
Participants and observers alike anticipate that the CICPE will not only invigorate consumer markets but also strengthen international trade ties, contributing significantly to the global economic recovery.
The Fourth China International Consumer Products Expo runs from [DATE] to [DATE], inviting consumers, investors, and businesses worldwide to partake in this landmark event.
Reference(s):
4th Intl Consumer Products Expo to showcase China's 'dual circulation'
cgtn.com
