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Duty-free discounts fueling greater travel spending By HE WEI and MA ZHIPING in Haikou | China Daily | Updated: 2021-05-10 07:04 Share CLOSE Visitors cluster around an 88-carat black diamond encased in a glass pyramid at the China International Consumer Products Expo in Haikou, Hainan province, on Saturday. [Photo/China Daily] Duty-free shopping in China is bolstering consumer spending with a spate of policies driving retail sales, and industry players are not shying away from forecasting more gains after the sector s stellar growth in the past year. Brands from home and abroad are flocking to introduce new products and exclusives for travel retailers during the China International Consumer Products Expo in Haikou, capital of Hainan province, where incentives like zero import taxes and shorter negative lists are fueling business optimism. ....
Foreign brands stand out at consumer goods expo By Wang Junwei | chinadaily.com.cn | Updated: 2021-05-07 17:37 Share CLOSE People visit the Hainan exhibition area of the first China International Consumer Products Expo in Haikou, South China s Hainan province, on Friday. [Photo/Xinhua] Foreign brands comprise the largest proportion of those at the consumer goods expo which opened Thursday in Haikou, South China s Hainan province, showing the potential of the Chinese market and the consumption upgrading trend, Workers Daily reported on Thursday. Covering 80,000 square meters, the China International Consumer Products Expo will be the largest consumer goods expo in the Asia-Pacific region, the organizers said. The international exhibition area of the expo covers 60,000 square meters and has attracted 648 overseas companies and 1,365 brands from 69 countries and regions. ....
The China International Consumer Products Expo, or the Hainan Expo, is a new platform to highlight China s consumption power globally and offer companies opportunities to diversify market channels, according to business leaders and government officials.
More than 1,300 brands from 69 countries and regions are participating in the flagship expo in South China s Hainan province from May 7-10. They said the event, held in Haikou, the provincial capital, not only builds a platform for global brands to enter the Chinese market via Hainan Free Trade Port, but helps them better tap into the latest industry trends and initiate new practices that could set the tone for growth in the country. ....
Global brands tap Chinese market via consumer products expo By: Xinhua Hainan: As the COVID-19 pandemic continues to rage and the world economy drags on, the first China International Consumer Products Expo (CICPE) marks a major step by China to further open its market and bolster the global economy. The four-day event opened on Thursday in the southern island province of Hainan. It is the first-ever expo focusing on quality consumer goods held by China at the national level. Japanese cosmetics company Shiseido was the first cosmetics company to sign up for the expo. It also participated in the China International Import Expo (CIIE) held in Shanghai in 2019 and 2020, attracted by the world s most promising consumer market. ....
Foreign brands stand out at consumer goods expo 1 2021-05-07 19:09:18chinadaily.com.cn Editor : Liu Yimeng ECNS App Download People visit the Hainan exhibition area of the first China International Consumer Products Expo in Haikou, South China s Hainan Province, on Friday. (Photo/Xinhua) Foreign brands comprise the largest proportion of those at the consumer goods expo which opened Thursday in Haikou, South China s Hainan Province, showing the potential of the Chinese market and the consumption upgrading trend, Workers Daily reported on Thursday. Covering 80,000 square meters, the China International Consumer Products Expo will be the largest consumer goods expo in the Asia-Pacific region, the organizers said. The international exhibition area of the expo covers 60,000 square meters and has attracted 648 overseas companies and 1,365 brands from 69 countries and regions. ....