HAIKOU, CHINA -
Media OutReach Newswire -
15 April 2025 - The fifth China International Consumer Products Expo
(CICPE), held on the tropical island province of Hainan, has reaffirmed
the country's position as a vital marketplace for global enterprises.
This year's expo has drawn record participation from over 4,100 brands
across 71 countries and regions, reflecting the expanding international
appetite for engagement with China's vast consumer market and its
evolving landscape.
The UK, this year's guest country of honor, brought 27 companies
spanning fashion, beauty, and other fields. Flagship brands like
Burberry and Bentley showcased their latest offerings, with a strong
emphasis on green technology and sustainable development.
"I have seen the tremendous innovation and growth taking place within
China's economy in recent years, not least in digital technologies, life
sciences and green energy," said Douglas Alexander, minister of state
of the UK's Department for Business and Trade.
These areas present significant opportunities for both economies, he
said, emphasizing the UK's commitment to deepening economic ties with
China.
Burberry Greater China President Josie Zhang noted the value of the
expo in facilitating foreign firms to engage with local partners. "By
deepening cooperation with various stakeholders, we aim to explore new
market opportunities and achieve mutual growth," she said in a written
interview.
Slovakia also made a notable debut with its first-ever national
pavilion. Andrea Jancekova, CEO of Slovak brand Truscada, praised the
expo's global reach. "You can have a good connection also with people
from all over the world."
Slovak Deputy Prime Minister Denisa Saková highlighted the expanding
trade ties between the two countries. "China is one of our most
important trading partners outside the European Union," she said. "The
growing volume of trade is a testament to the strength and dynamism of
our economic relationship."
Among the newcomers was Japan's Eda Livestock Co., Ltd., known for its
premium Wagyu beef. "We plan to establish a foreign trade company in
Hainan as our strategic entry point into the Chinese market," said Rei
Tanaka, the firm's chief operating officer, who participated in the
CICPE for the first time.
This year's expo also gathered an array of top-tier global luxury
brands. Richemont's TimeVallée debuted as an independent exhibitor,
while LVMH and Kering Group brands made notable appearances, reflecting
confidence in China's premium consumption growth.
"Luxury consumers in China are significantly younger than those in
many overseas markets, and that presents a major opportunity for us,"
said Nancy Liu, president of luxury travel retailer DFS China. The
company has introduced tailored services to cater to the expectations of
these emerging consumer groups.
Beyond luxury, sectors like automotive and technology are
repositioning China from being a mere sales destination to a research
and innovation hub.
As the co-organizer of the 5th China International Consumer Products
Expo, the Hainan Provincial Bureau of International Economic Development
stated that, amid China's technological innovation momentum, this
year's expo for the first time introduced dedicated zones for artificial
intelligence and the low-altitude economy, showcasing cutting-edge
technologies and products from leading tech companies around the world.
"Since 2020, Volkswagen has invested over 10 billion euros in China.
In particular, we have established a research and development center in
China in 2023, the largest outside Germany," said Su Bahong, vice
president of Volkswagen Group China. "This shows the trend where China
is becoming the global technological innovation hub."