Xi leads China's open economy as consumer expo opens
A sea of opportunities
From Canton Fair, CIIE, and CIFTIS to CICPE, China aims to turn its market into a global market, a market shared by all, and a market accessible to all.
With a total population of over 1.4 billion and more than 400 million middle-income residents, China has become the world's most promising consumer market.
Official data showed that despite impacts from COVID-19 last year, China's imports of consumer products rose by 8.2 percent year on year to 1.57 trillion yuan (about $241.9 billion).
As the broader economy continues to recover on a firm footing, China's retail sales of consumer goods, a major indicator of consumption strength, picked up further. In the first quarter, its retail sales increased by 33.9 percent year on year to 10.5 trillion yuan.
In the next 15 years, the country expects to import $30 trillion worth of goods and $10 trillion worth of services.
