Amidst the blooming spring of April, the fourth China International Consumer Products Expo (CICPE) took center stage in Haikou, Hainan. This premier national exhibition showcased top-tier consumer goods from around the globe, highlighting China's commitment to open trade and high-quality economic development.
In a world marked by economic uncertainties, CICPE played a pivotal role in promoting domestic and international dual circulation. The event strengthened trade and investment ties with ASEAN and RCEP countries, underscoring the robust potential of the Hainan Free Trade Port. Attendees were treated to a diverse array of products, reflecting the evolving preferences of global consumers and the dynamic nature of the Chinese market.
China's economy demonstrated remarkable resilience in the first quarter of 2024, with GDP growth of 5.3 percent year-on-year and 1.6 percent quarter-on-quarter, as reported by the National Bureau of Statistics. Consumption emerged as a key driver of this growth, and CICPE served as a catalyst for further stimulating consumer demand and promoting consumption upgrading.
The expo not only met the diverse needs of domestic consumers but also attracted international attention, providing a steady momentum for sustained economic growth. By offering a platform for global high-quality goods, CICPE is set to continue its role in fostering economic synergy and showcasing the bright future of the Hainan Free Trade Port.
Reference(s):
cgtn.com
