久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / CICPE 2023

Consumer product firms swear by China market

By ZHU WENQIAN in Haikou | CHINA DAILY | Updated: 2023-04-12 07:32
Share
Share - WeChat
The booth of Estee Lauder seen at the Third China International Consumer Products Expo in Haikou, Hainan province. ZHANG WEI/CHINA DAILY

Encouraged by the huge potential of the China market, major foreign luxury and consumer products companies said they will continue to increase investments in the Hainan Free Trade Port, which, in turn, will help further develop international brands.

Such companies' top executives made the remarks during the ongoing Third China International Consumer Products Expo in Haikou, capital of the southern island province of Hainan.

They said they have witnessed the expansion of China's consumption market in recent times and hence are confident that data-backed growth predictions will come to pass as expected.

Last year, China imported consumer goods worth 1.93 trillion yuan ($280 billion), accounting for 11 percent of the total import value. Chinese consumers have shown a strong demand for high-quality products, and they prefer fashionable and green products, said the Ministry of Commerce.

"In the past three years, the expo has witnessed the resilience and significant growth potential of China's consumer market. Despite the challenges brought by the COVID-19 pandemic, China remains the world's second-largest consumer market, and new types and new formats of consumption have emerged continuously," Sheng Qiuping, vice-minister of commerce, told the expo via video link.

British luxury brand Burberry, a three-time participant at the expo, said Chinese consumers are passionate about fashion, and they are digitally savvy and more eco-conscious than ever before. In the first half of next year, its first boutique store in Hainan will open in Haikou.

"We have full confidence in the strong resilience and long-term fundamentals of the Chinese economy and look forward to its future growth. We have seen a rapid recovery in consumer confidence, reflecting the strength of China's consumer and retail industry," said Josie Zhang, president of Burberry China.

The duty-free market in Hainan has added a new dimension to the global tourism retail industry, with many on-site retailers innovating their businesses and shopping experiences for consumers, said the latest Hainan travel retail market white paper by KPMG China and Moodie Davitt Report that was released during the expo.

In the first quarter of this year, China Duty Free Group saw both the number of visitors it received and duty-free sales revenue exceed the pre-pandemic level of the same period in 2019.

Meanwhile, US luxury fashion company Tapestry, the parent of Coach, Stuart Weitzman and Kate Spade brands, and a three-time participant at the expo, said it has established its travel retail headquarters for the China market in Hainan.

"We will continue to explore digital transformation and strengthen our social media marketing efforts in China, as online sales have become increasingly important in the Chinese mainland for luxury consumption," said Janet Zhong, vice-president of Tapestry and Coach in the Asia-Pacific.

In the next 10 years, sales of China's fashion consumption market are expected to grow steadily, driven mainly by Chinese consumers' pursuit of more and more premium products with additional features rather than larger volumes, according to a forecast made by Boston Consulting Group during the expo.

US skincare group Estee Lauder said the company has confidence in the China market and has realized the importance of the duty-free shopping market in Hainan. It said it will seek more cooperation with Chinese partners, introduce new top-quality products in Hainan and contribute to the growth of Hainan FTP.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 久青草免费视频手机在线观看 | 韩国porno xxxx | 在线观看免费视频国产 | 欧美成人性色生活片免费在线观看 | 欧美成人精品一区二区三区 | 成人在线亚洲 | 看三级网站 | 国产亚洲精品一区二区久久 | 99久久国产综合精品网成人影院 | 另类毛片 | 毛片三级 | 在线视频中文字幕 | a级片在线免费看 | 欧美日韩视频免费播放 | 久久一日本道色综合久久 | 性做久久久久久久免费观看 | 亚洲自拍偷拍网 | 国产区一区二区三 | 伊人黄色片| 日韩免费专区 | 97精品国产综合久久久久久欧美 | 欧美日本国产 | 国产精品va一级二级三级 | 一级毛片免费看 | 日韩激情中文字幕一区二区 | 精品精品国产欧美在线观看 | 狠狠色丁香婷婷综合小时婷婷 | 一级高清毛片免费a级高清毛片 | 日本免费一区二区三区三州 | 欧美大尺度aaa级毛片 | 亚洲美女色成人综合 | 欧美一级淫片免费观看 | 欧美人成一本免费观看视频 | 五月色婷婷综合开心网亚 | 欧美在线视频看看 | 免费视频毛片 | 精品日本一区二区三区在线观看 | 精品欧美日韩一区二区 | 一级视频在线播放 | 亚洲免费一级片 | 黄网免费 |