🌐 Record-Breaking Expo Draws 71 Countries, Showcases China’s Consumer Boom
The 5th China International Consumer Products Expo (CICPE) just wrapped up with fireworks, securing 92 billion yuan ($12.6 billion) in intended deals 🚀. Over 1,767 companies and 4,209 brands from 71 countries and regions turned Hainan into a global marketplace, with Slovakia, Singapore, and others launching debut national pavilions.
🇬🇧 UK Takes Spotlight + E-Commerce Surge
The UK, this year’s guest of honor, doubled its 2024 footprint with luxury fashion, beauty, and jewelry brands. Meanwhile, China’s ‘Shopping in China’ campaign sparked a 10% jump in professional buyers, as 60,000+ attendees connected with foreign traders.
📈 Why This Matters for Global Markets
With China’s retail sales hitting 48.8 trillion yuan in 2024, analyst Kuang Xianming notes the country’s shift to services-driven growth. 'Services consumption could dominate by 2030,' he says, calling it a golden ticket for foreign brands 🎟️.
As Hansasthani becomes a free trade hub, next year’s expo already sees massive early sign-ups. Stay tuned — the future of global shopping is being rewritten! ✍️
