Current location:Worldly Window news portal > opinions
China welcomes global enterprises at consumer expo in Haikou
Worldly Window news portal2024-05-05 14:42:50【opinions】3People have gathered around
IntroductionChina will firmly promote high-level opening-up to the outside world and welcome global enterprises
China will firmly promote high-level opening-up to the outside world and welcome global enterprises to invest in the country and share business growth opportunities together, said a senior official at the opening ceremony of the Fourth China International Consumer Products Expo in Haikou, capital of the southern island province of Hainan on Saturday.
The event, China's first significant international expo this year and the largest consumer expo in the Asia-Pacific in terms of scale, will be held from April 13 to 18. Over 4,000 brands from 71 countries and regions will participate in the expo this year, a record high.
Peng Qinghua, vice-chairman of the Standing Committee of the National People's Congress, said China would continue to stimulate new vitality in consumption. It is hoped that different parties will organize diverse promotional activities to help drive consumption upgrades and boost economic growth, Peng said.
China stands as the consumer market with the biggest growth potential in the world, and it boasts strong resilience and unchanged long-term growth fundamentals, Sheng Qiuping, vice-minister of commerce, said during the opening ceremony.
In January and February, total retail sales of consumer goods in the country reached 8.1 trillion yuan ($1.12 trillion), up 5.5 percent year-on-year, according to the National Bureau of Statistics.
"The figures fully indicated the strong resilience of China's consumption market, and laid a foundation for stable and progressive consumption growth of the year," Sheng said.
Fueled by the huge consumption market of China, major foreign companies said they would continue to increase investments in the country.
US skincare group Estee Lauder said Hainan stands as one of the most popular travel destinations, and it has provided exciting business growth opportunities for global retail brands, said Israel Assa, global president of travel retail of Estee Lauder Companies.
Estee Lauder built its travel retail headquarters of China in Haikou last year to support its travel retail business in China and the Asia-Pacific region. The company's research and development center in Shanghai plans to develop more beauty products that cater to Chinese consumers.
Address of this article:http://www.camilleandconfettis.com/content-48a899912.html
Very good!(4576)
Previous: Anne Hathaway is left red
Next: Brooks Koepka shoots 7
Related articles
- Rangers aware of Presidents' Trophy curse as they face Carolina Hurricanes in second round
- China Launches Special TCM Initiative for Betterment of Public Health
- Visitors View Exhibits at 2nd CICPE
- Ministry Ensures Rural Students Not Left Behind
- Missouri man charged in 1966 killing in suburban Chicago, based on DNA evidence
- Vast Majority of Chinese Students Return Home After Studying Abroad: MOE
- GLOBALink
- China's Pre
- Britney Spears breaks silence after 'huge bust
- 40th Anniversary of China National Children's Center Celebrated in Beijing
Popular articles
Recommended
Bella Hadid looks ethereal in a strapless white dress in NYC
China Holds Conference on Internet Civilization
Children's Center Set up at Quake Relief Shelter in Luding County
Rural Women in SW China's Guizhou Make Creative Cultural Products to Increase Income
Bella Hadid looks ethereal in a strapless white dress in NYC
Qixi Festival Marked in Xi'an, NW China
National Great Craftsman Forum Opens in Changsha, C China
Featured Commodities from ASEAN Countries Attract Visitors at China
Links
- Taijuan Walker makes a slick behind
- Wenceel Pérez hits a 2
- Vanessa Lachey says she is 'gutted, confused, blindsided' by sudden cancelation of NCIS: Hawaii
- Caitlin Clark turns focus back to basketball as training camp opens for Indiana Fever
- Nuggets, Thunder have chances to move into Round 2, and Boston seeks 3
- Lyon to face Barcelona in the Women's Champions League final after ousting PSG
- Inter Milan celebrates winning Serie A title with victory over Torino
- Jury finds Wisconsin man guilty in killing, sexual assault of 20
- Wyatt Johnston scores in OT, Stars beat Golden Knights 3
- Nichushkin records 1st career hat trick, Avalanche beat Jets 5