The trade stage is set on the Chinese mainland, where global business giants are making a splash at major exhibitions! Despite mounting trade protectionism and geopolitical tensions, international firms continue to flock to events like the China International Consumer Products Expo (CICPE) in Hainan and the Canton Fair in Guangzhou.
Record-breaking numbers speak volumes: at CICPE, 65 Fortune Global 500 companies and industry leaders are showcasing their innovations. Meanwhile, the Canton Fair opened with a staggering 64,530 overseas buyers on its first day – an 8.9% jump that marks a new high.
Experts like Professor Niu Huayong emphasize that these trade events highlight the enduring power of open markets and global cooperation. Many international players, including retailers like Dinova and voices such as Chris Arthan, agree that the Chinese market remains the heart of global sourcing strategies. As Sonia Ben Behe from Dinova put it, "No other region matches China's product maturity," reinforcing a sentiment echoed by businesses around the world.
Not only are practical trades booming, but the allure of China's consumer market remains vibrant. Top luxury brands have also joined the expo, with prominent names like TimeVallée, LVMH, and Kering Group adding a touch of class to the innovation scene. With younger, discerning consumers fueling premium demand, the stage is set for further growth.
Adding to the momentum, Douglas Alexander from the British Department for Business and Trade highlighted China's surge in digital tech, life sciences, and green energy as key drivers of this trend. Companies such as Siemens Energy are capitalizing on opportunities unlocked by initiatives like the Hainan Free Trade Port, as the Chinese mainland continues to push forward with reforms and an open market approach.
Even U.S. tariff pressures haven't halted this robust performance. Customs figures reveal a 1.3% year-on-year increase in the value of goods traded in yuan-denominated terms in the first quarter of 2025, a testament to the resilient spirit of international trade. As economist Zhang Yansheng notes, "Foreign businesspeople continue to seek opportunities in China," underscoring a steadfast trust in the market.
In a world where global trade faces turbulence, these exhibitions provide a refreshing reminder that collaboration and open markets are not just surviving – they're thriving 🚀.
Reference(s):
China's trade exhibitions see strong participation of global firms
cgtn.com
