The fifth China International Consumer Products Expo (CICPE) in Haikou, Hainan Province, is setting new standards for premium consumer trade in the Asia-Pacific region. With over 4,100 brands from 71 countries and regions—including 65 Fortune Global 500 companies—this grand event serves as a bridge that connects top domestic and global brands while spotlighting emerging consumer trends.
This year’s expo introduces a dynamic "Consumption Tech Zone," where innovations such as new energy vehicles, artificial intelligence-powered devices, and humanoid robots are on full display. These cutting-edge technologies not only transform consumer experiences but also underline the role of tech advancements in driving economic growth.
Central to the event is China’s dual circulation strategy, which merges domestic market strength with international trade opportunities. By boosting domestic demand and facilitating the global reach of quality Chinese brands, the strategy fuels high-quality development even amid shifting global trade dynamics.
In an era of complex trade challenges—including proposals for reciprocal tariffs that threaten multilateral frameworks—China is charting a distinct course. Emphasizing multilateral cooperation, the Chinese approach upholds the principles of the World Trade Organization while enhancing regional ties through agreements like the Regional Comprehensive Economic Partnership (RCEP). This commitment to openness not only lowers tariff barriers but also bolsters the resilience of industrial chains, ensuring a more stable global trade order.
As the CICPE Expo continues to evolve into a global hub for quality products and innovation, it offers a vivid example of how strategic integration of domestic and international markets can drive sustainable, high-quality growth.
Reference(s):
Dual circulation strategy fuels China's high-quality development
cgtn.com
