Amid global trade uncertainties, China's dedication to international collaboration is winning applause from major players like luxury giant LVMH. Andrew Wu, group president of LVMH Greater China, hailed the country's "steadfast commitment to opening up" during an interview with CGTN's Lincoln Humphries at the 5th China International Consumer Products Expo in Hainan.
"What we're seeing is genuine progress in creating a leveled playing field," Wu said, adding that policies like eased market access and reduced tariffs are "reassuring signals" for global businesses navigating complex economic waters.
The expo – a vibrant hub featuring over 4,000 brands from 71 countries – highlights how China remains a magnet for international investment despite geopolitical headwinds. Wu emphasized that companies prioritize "predictability and transparency," qualities he says Chinese regulators are actively cultivating.
With consumer spending rebounding post-pandemic, experts say China's efforts to attract foreign brands could redefine global trade dynamics. 💼🌐
