Current location:world >>
China welcomes global enterprises at consumer expo in Haikou
world68People 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.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Culture Corner news portal”。http://pakistan.downmusic.org/html-26a599956.html
Related articles
Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
worldPRISTINA, Kosovo (AP) — Kosovo’s Cabinet renewed efforts with a new draft law on renting a prison in ...
【world】
Read moreXi Story: Ensuring the Yellow River benefits the people
worldAerial photo taken on June 5, 2022 shows fields along the banks of the Yellow River in northwest Chi ...
【world】
Read moreScenery of Tuiwa Village by Puma Yumco Lake in Tibet
worldCellphone photo taken on May 1, 2022 shows Tuiwa Village in Nagarze County in Shannan, southwest Chi ...
【world】
Read more
Popular articles
- Kate Hudson hits the stage to debut songs from her new album Glorious at star
- Xi: The Strait cannot sever kinship
- Xi Stresses Strengthening Farmland Protection, Quality Improvement
- NE China's Jilin seeks new growth drivers for rural development with ice
- The fightback begins: Boss of London's Queen Mary University tells pro
- Xi Signs Order to Commend Outstanding Military Units, Individuals
Latest articles
The fightback begins: Boss of London's Queen Mary University tells pro
Xi Signs Order to Commend Outstanding Military Units, Individuals
China aid welcomed by developing world
U.S. advisory regarding China travel 'makes no sense'
Kristin Cavallari, 37, ignores critics of her age
Xi Meets Former Philippine President
LINKS
- Who owns businesses in California? A lawmaker wants the public to know
- Tennessee judge wants more information on copyright before ruling on school shooter's writings
- Bank of America profits plunge 18% due to rise in customer credit card delinquencies
- Coco Gauff reaches Stuttgart quarterfinals with win over Vickery
- Report: China is exporting digital control methods — Radio Free Asia
- Austrian team Salzburg heading to the Club World Cup after Arsenal eliminated from Champions League
- Republican AGs attack Biden's EPA for pursuing environmental discrimination cases
- Marquette hires Cara Consuegra away from Charlotte to replace Megan Duffy
- OJ Simpson has been cremated, estate attorney in Las Vegas says
- No, immigrants did not storm New York City Hall in pursuit of luxury hotel rooms