[Explanation] The first China International Consumer Goods Expo attracted more than 1,000 international brands from all over the world to participate in the exhibition.

How can these international brands use the Hainan Free Trade Port and the Consumer Expo platform to create new opportunities for global consumption innovation, tax exemption and tourism retail development, and promote overseas consumption return and brand promotion in China?

　　[Commentary] On May 7, the heads of international exhibitors discussed topics related to "New Platform for Consumer Fairs · New Opportunities for Free Trade Ports".

　　[Explanation] Wu Yue, president of LVMH Group Greater China, said that high-end brands can create opportunities in the Hainan market through sophisticated retail.

　　[Concurrent] Wu Yue, President of LVMH Group Greater China

　　The boutique industry is actually inseparable from exquisite retail. Hainan is a market with great potential, but Hainan's retail is a backward environment, so this exquisite retail is our most valued opportunity.

　　[Explanation] Liao Xinjia, a member of the Swatch China Management Committee and the vice president of Blancpain China, said that the use of Hainan's tax-free platform can promote the return of overseas consumption and also provide growth opportunities for the brand's domestic sales.

The group has been deeply involved in the Chinese market for nearly 25 years and currently has many brands joining Hainan’s outlying islands for duty-free.

In the future, the Group will embrace Hainan with greater efforts and embrace the duty-free shopping policy on outlying islands.

　　[Concurrent] Liao Xinjia, member of Swatch China Management Committee and Vice President of Blancpain China

　　The Consumer Fair (held in Hainan), including the state's (offshore island tax exemption) policy for Hainan, for us, directly affects this tax-free retail.

So for our Swatch Group, there are still many high-end brands. The five high-end top brands have not yet entered this tax-free, but this is our next step.

　　[Explanation] On the same day, the guests also participated in the discussion on the topic of "New Consumption · New Business Forms".

As the "first sister" of the live webcast, Wei Ya has a deeper feeling about the changes in consumer demand.

　　[Concurrent] Well-known cargo anchor Wei Ya

　　The biggest change that has touched me is that everyone can better understand what I need, and the mass consumers are more likely to accept new brands, new, strange, and unique brands.

Then his (her) entire consumption level is upgrading, and he or she may pursue a more refined life, which is to bring something more portable to life, that is, time-saving, labor-saving, portable, convenient, and high-quality goods.

　　Reporter Lin Shijie reports from Haikou

Editor in charge: 【Luo Pan】