“We continue to focus on cooperation with China in the automotive, agricultural and financial services sectors…” said Maninder Sidhu, Minister of International Trade of Canada, the guest of honor at the 6th China International Consumer Goods Expo, which ended on April 18. At this exhibition, many foreign enterprises participating in the exhibition gave detailed presentations and expressed high expectations for cooperation with China.
As the “first major exhibition” in the starting year of the implementation of the “15th Five-Year National Development Plan”, China and the “first exhibition” after the launch of special customs operations in the whole island of Hainan Free Trade Port, this year’s China International Consumer Goods Fair has many highlights: 65% of the international exhibition items, an increase of 20% compared with last year; 277 new products were publicly released at the fair, double that of last year; the first “hot spot” of Yihuo brand, tourism retail and service center for order trade , etc.
It is worth noting that many foreign enterprises have seized the opportunity of convenient trade in the free trade port and set up special working groups to “Buy from all over the world, sell to all over the world” to promote the flow of world’s best goods and Chinese best products, and make China’s large market a great opportunity for the world.
As a platform for displaying and trading world’s best consumer goods, what new consumption trends has the China International Consumer Goods Expo created? From green and low-carbon development to cutting-edge technologies such as AI glasses and flying cars, green and intelligent consumption can be seen everywhere. At the same time, the interactive and interactive economy has also become fashionable.
What new opportunities will the new changes in China’s consumer market bring to foreign enterprises? First, with the improvement of the quality of life of Chinese people, the market must also expand. The “15th Five-Year National Development Plan” and this year’s government work report stated that special measures will be taken to promote consumption in order to adapt to the consumption needs of different groups of people and expand high-quality supplies. In the first quarter of this year, the retail sales volume of services increased by 5.5 percent year-on-year, faster than the 3.3 percent growth rate of goods sales during the same period. In particular, consumption in cultural and tourism travel increased rapidly, which became a prominent .
At the same time, the demand of the Chinese people is moving towards “newness”, which has stimulated the innovation of enterprises . Singapore-based OSIM, which has participated in all six China International Consumer Goods Expos, first showcased an AI-powered health care chair that can provide a holistic experience through the five senses. Su Bahong, Vice President of Volkswagen Group (China), said that while promoting the deep integration of China’s scientific and technological innovation and industrial innovation, many new fields and applications will be created. We look forward to increasing cooperation with Chinese partners to join the wave of industrial innovation.
When the flowers bloom in spring, a large number of tourists come to China. Exhibitions are held continuously, and China’s open door will be opened even wider. As an important participant in China’s modernization drive, foreign-funded enterprises will join hands with China to create a better future.
