(Focus on Consumer Expo) The fiery opening of the second Consumer Expo unleashes multiple benefits of economic recovery
China News Agency, Haikou, July 25th (Reporter Wang Enbo) In the heat wave of Hainan's midsummer, the second China International Consumer Goods Fair kicked off on the 25th.
As the largest consumer boutique exhibition in the Asia-Pacific region, the Consumer Expo was held for the first time in 2021 and it was an "an instant hit".
Participants who were interviewed by a reporter from China News Agency believed that at a time when challenges and uncertainties have increased significantly, the re-holding of the Consumer Expo will release multiple benefits for the economic recovery of China and the world.
In the second quarter of this year, China's economy withstood the pressure and achieved positive growth, and the consumption growth rate, which was obviously hit by the epidemic, also turned from negative to positive in June.
However, to further consolidate the momentum of domestic demand, it is necessary to better promote the recovery of consumption and the release of potential.
Huang Wenkai, vice chairman of KPMG China, said that consumption has long been the "leading horse" in the "troika" of China's economic growth, and it is the driving force behind stimulating production and increasing investment.
Expanding domestic demand and promoting consumption is not only an important means to promote the domestic economic cycle, but also a key link in the continuous promotion of economic transformation and upgrading.
In order to further optimize consumption supply, smooth consumption channels, boost consumer confidence, and enhance consumption vitality, the total area of the two exhibition areas at home and abroad reached 100,000 square meters, an increase of 25% over the first edition.
The number of participating brands has also increased significantly, and more than 600 global new products are expected to debut.
Zhang Tianbing, Deloitte Asia Pacific Consumer Products and Retail Industry Leader, analyzed that China has the world's largest middle-income group, and every consumer will choose to upgrade their consumption when they can afford it.
In his view, the Consumer Expo is an important measure to promote China's consumption growth and meet consumption upgrades. It will not only help consumers gain more choices, but also allow international high-quality products to meet domestic consumer demand and help China connect with the global product market. , which is conducive to the smooth flow of double circulation.
As he said, the activation and release of China's consumption potential is undoubtedly good news for global companies.
"Despite the repeated epidemics, the strategic significance of the Chinese market to us has not changed." Xie Weibo, President of Danone China, North Asia and Oceania, said that maintaining a considerable business scale in the Chinese market is the key to ensuring the company's global leadership.
In 2021, Danone China's sales revenue will account for 10% of its total global revenue, making a significant contribution to Danone's global revenue and profit.
There are many multinational companies that value and are optimistic about the Chinese market, and they are one of the biggest beneficiaries of this Consumer Expo.
The international exhibition area of this exhibition is 80,000 square meters, accounting for 80% of the exhibition area.
More than 1,600 exhibiting brands from 61 countries and regions will showcase high-quality products and services to China's huge consumer group at "zero distance".
Xu Xinxiong, CEO of Thailand's Tencel Group, said that the Consumer Fair has provided exhibition and trading opportunities for consumer products from all over the world to enter the Chinese market, which is a huge attraction to foreign-funded enterprises. determination and confidence.
It also makes foreign-funded enterprises feel China's sincere desire to share market opportunities with the world and promote the recovery of the world economy.
China is building the Consumer Expo into an important platform for countries to expand trade, strengthen cooperation and promote development.
As an international exhibition held in Hainan, it is also intended to accelerate the construction of a free trade port with Chinese characteristics.
This year's Consumer Expo will hold more than 100 forums, promotions and other supporting activities online and offline to fully demonstrate the advantages of Hainan Free Trade Port's location, policies, ecology and business environment, and further enhance the influence of Hainan Free Trade Port.
"Consumer Expo and the promotion of the construction of Hainan Free Trade Port are inseparable and mutually reinforcing." In Huang Wenkai's view, Hainan Free Trade Port has implemented policies such as outlying island duty-free and import duty-free lists, and many world-renowned brands and duty-free business enterprises have gathered here.
With the passage of time and the continuous support of policies, it is foreseeable that more companies will find their own development space in Hainan in the future.
Zhang Tianbing noticed that the hardware and software environment for domestic and foreign enterprises to invest and operate in Hainan Free Trade Port is rapidly improving. He believes that high-end consumer industries and talents will be gathered here, and against the background of the turbulent world economy, it will become an international tourism consumption center.
Hainan Free Trade Port will also take this opportunity to further play its key role in cross-border investment and financing, goods circulation, service trade, technology research and development and other fields.
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