The inaugural China International Consumer Products Expo (CICPE) is set to take place in Haikou from May 7 to 10. With the event touted as a landmark trade fair for both consumer products and services, businesses, investors, and consumers around the globe are paying keen attention. Organized by the Chinese Ministry of Commerce and the Hainan Provincial People’s Government, this event promises to offer a unique platform for corporations and individuals to showcase and explore an array of products and services. In this article, we will highlight what to expect from the highly anticipated China International Consumer Products Expo, from key participants to expected product showcases to industry trends.
The third annual China International Consumer Products Expo is set to be held from April 10 to 15 in Haikou, the capital of Hainan province in China. The expo, organized by the Ministry of Commerce, will serve as a platform for showcasing and trading global high-quality consumer goods. The event aims to help drive the world’s economic recovery in the wake of the COVID-19 pandemic.
According to Vice Minister of Commerce Sheng Qiuping, the expo is part of the Ministry’s efforts to boost consumption in China. He stated in a press conference that the event will have a larger exhibition area, with more participating exhibitors and buyers, and is expected to optimize consumption supply and improve consumer confidence. It will also introduce the business environment and opportunities of Hainan Free Trade Port and share China’s massive market opportunities with the world.
The event will cover a total exhibition area of 120,000 square meters, which is 20% larger than the 2021 edition. The international exhibition section alone will cover 80,000 square meters. Over 3,100 brands from 65 countries and regions will be represented, including 147 brands from Italy, the event’s guest country of honor. New products from more than 300 brands will be launched, and over 100 events, including forums, promotions, and matchmaking sessions, will take place. The event will also feature more than 60 reports on consumer insights and consumption trends.
To make the exhibition more effective, the organizer has released the list of exhibitors and collected buyers’ needs in advance. A negotiation area will be available for cross-border supply and demand matchmaking meetings, official reception parties, and promotion events for quality products from all over China. Over 2,000 foreign buyers from 35 countries and regions have been invited, and more than 50,000 buyers and professional visitors are expected to attend. They will come from over ten industries, including large-scale supermarkets, e-commerce, and duty-free.
The expo aims to boost the business environment and cooperation opportunities of Hainan Free Trade Port, which was launched in 2020. The Hainan Free Trade Port aims to create a free trade port with Chinese characteristics and support China’s economic growth. The event also aims to support the Ministry of Commerce’s initiative to boost domestic consumption, which is vital for China’s future economic development.
In conclusion, the third China International Consumer Products Expo will serve as a significant platform for showcasing and trading global high-quality consumer goods. It will provide opportunities for international exhibitors and buyers to connect and share market opportunities. The event will also help promote the business environment and opportunities of Hainan Free Trade Port, which is crucial for China’s economic growth. Finally, the event will help boost the Ministry of Commerce’s efforts to encourage domestic consumption, which will be vital for China’s future economic development.
