The first China International Consumer Products Expo was held in Haikou, capital of Hainan Province, from May 7 to 10, attracting 1,505 enterprises from 70 countries.
The Hainan expo, according to Chinese President Xi Jinping’s congratulatory letter, was designed to provide a platform to display and exchange the world’s high-quality consumer products, which Xi believes is good for global economic recovery as well as cooperation between China and other countries and regions.
Covering around 80,000 square meters, the expo hall accommodated international brands showcasing 83 new product releases and more than 100 promotional activities. Displays ranged from clothing, handbags and cosmetics to food products, beverages, alcohol and jewelry.
The expo set up livestreaming rooms which attracted over 1.6 million viewers, with the resulting transaction volume hitting 68 million yuan (US$10m).
Hainan has been transforming into a free trade zone since 2018, which means the island province has been granted more privileges in opening-up. Analysts said the expo is a good chance for Hainan to show off its open and friendly business environment to potential foreign investors.
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