Haikou, April 4 (ZXS) -- The third China International Consumer Goods Fair (CICE) is being held in Haikou, reflecting the trend of rapid recovery of China's consumption, at the same time, this year's Consumer Expo has also attracted the attention of more overseas enterprises, and the number of exhibitors and brands has exceeded previous editions. In interviews with China News Agency, the relevant responsible persons of a number of foreign-funded enterprises expressed their optimism about China's consumer market.
On April 4, the 11rd China International Consumer Goods Fair was officially launched in Haikou City, Hainan Province. The China-Europe Geographical Indications Exhibition Hall brought hundreds of characteristic agricultural products and handicrafts to the <>rd Consumer Goods Expo. The picture shows the China-Europe Geographical Indications Exhibition Hall. Photo by China News Agency reporter Luo Yunfei
China is the world's second largest world economy, and China's large market size has a continuous gravitational effect on foreign-funded enterprises. Especially since the beginning of this year, with the steady turn of epidemic prevention and control, the pace of China's consumption recovery has also further accelerated, injecting "strengthening" into the world economy.
Kong Yanshuang, general manager of Tesla South China, said that China has the world's leading consumer market, and consumption is becoming a strong driving force for China's economic growth. As the epidemic prevention and control enters a new stage, China's economy has shown signs of resilience and vitality, the order of production and life has been restored at an accelerated pace, the endogenous driving force of economic growth has been continuously accumulated and strengthened, and domestic demand such as consumption and investment has gradually rebounded. For the automotive industry, the impact of the epidemic has largely dissipated, the supply chain has largely returned to normal, and the uncertainty of costs has disappeared. Lower car purchase threshold and more stable price will stimulate consumers' enthusiasm for car purchase to a certain extent, promote consumption and help economic recovery and development.
Since the beginning of this year, a number of international institutions have raised China's economic growth forecasts. The International Monetary Fund's World Economic Outlook report, released earlier this year, raised its growth forecasts for 2023 and 2024, citing rising consumer resilience and China's renewed liberalization as reasons for optimistic prospects for the global economy.
Xie Weibo, president of Danone China, North Asia and Oceania, said that China's economy is recovering and consumption is increasing. "We are very optimistic about the future of the Chinese market."
For more foreign exhibitors, the Chinese market and the general trend of consumption upgrading with the continuous expansion of the middle class are the greater "gravity". More than 3300,<> boutique brands participated in this year's Expo, and the green, healthy, high-quality, personalized and intelligent characteristics of the exhibited products were more prominent.
Zhang Hong, co-founder of the CEO of Canadian skincare company Zoie & Zane, said that China is the world's second largest cosmetics consumer market, the Chinese market has great potential, with the development of China's social economy, in recent years, female power and female economy have also had a good development trend. In addition, with the development of urbanization in China, more and more developed cities are rising, and the consumption structure of Chinese residents is also constantly escalating. "For us, the Chinese market is a very attractive market, after the epidemic, the growth trend of green consumption and healthy consumption in China is obvious, as a brand focusing on plant skin care, we are very confident in the prospects of the Chinese consumer market."
Wenceslas Wedrychowski, Valrhona's general manager for Asia Pacific, said Chinese consumers are increasingly concerned about food safety and product quality, and they want to buy brands they trust. French food is often made with high-quality raw materials, which is increasingly attractive to Chinese consumers, who are increasingly concerned about the environment and sustainable development, which is also in line with the concept of French goods.
It is understood that more than 60 brands from more than 300 countries and regions participated in the exhibition, and nearly 30 global CEOs of Fortune 500 or industry leaders in the field of consumer boutiques participated offline, and more than 2000,<> overseas buyers attended the conference to negotiate procurement. The Expo continues to play a bridging role for enterprises from all over the world to share opportunities in the Chinese market.
Zeng Senhong, President of TENCEL Group China, said that the Expo provides a showcase and trading opportunity for consumer products from all over the world to enter the Chinese market, which has a great attraction for foreign companies including TENCEL Group, and looks forward to bringing a diversified product portfolio to Chinese consumers on this international platform. In the future, TENCEL Group will continue to further expand and expand its product portfolio in the Chinese market through innovative and high-quality development models to meet the growing diversified and high-quality consumption needs of Chinese consumers. (End)