BUSINESS More than 90% exhibitors plan return to CICPE

BUSINESS

More than 90% exhibitors plan return to CICPE

China Daily

16:13, August 01, 2022

The second China International Consumer Products Expo ends in Haikou, Hainan province, on July 30, 2022. [Photo:Xinhua]

With the participation of more than 2,800 brands from home and abroad, the second China International Consumer Products Expo concluded in Haikou, Hainan province, on July 30. Over 90 percent of the exhibitors have expressed their intentions to attend the third CICPE next year, according to the organizer, Shanghai Securities News reported on Monday.

The expo, with exhibitors from 61 countries and regions, attracted more than 280,000 audience visits, and launched more than 600 products of over 200 brands.

Besides providing consumption upgrading opportunities to international enterprises, the expo also played its role as a "bridge" and a "window" to lead China-made products to the world market. Chinese brands such as Bloomage Biotechnology and Pien Tze Huang Pharmaceutical all brought their latest products to the expo.

More than 100 intended cooperation agreements were signed during the expo. On July 26, the second day of the expo, the Jin Xuan (Hainan) Holding Co Ltd signed a cooperation agreement with Kaiwo International Trading Co Ltd, to sell high-end foreign luxury automobiles supplied by JX Hainan under the duty-free import license in the amount of up to 350 million yuan ($51.81 million).

The Hainan Global Duty-Free Plaza also signed a strategic cooperation agreement with French fashion brand Karl Lagerfeld during the expo, to expand opportunities for business cooperation.

Thirty-one companies, including suitcase manufacturer Tumi, and Platinum Guild International, a marketing organization for platinum jewelry, signed up for the third CICPE on July 30.

According to the organizer, enterprises such as L'Oreal Group and Kirin Holdings Co plan to apply for larger booths next year to launch more products at the expo, said the Shanghai Securities News report.

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