The 5th China International Consumer Products Expo (CICPE) officially wrapped up on Friday in Haikou, capital of China's southernmost island province of Hainan, after attracting the participation of a record-breaking 1,767 companies and 4,209 consumer brands from 71 countries and regions, according to a press conference on Friday.
Events targeting global brands, e-commerce and country-specific suppliers led to the signing of 52 intended cooperation agreements, the value of which amounted to approximately 92 billion yuan (about 12.6 billion U.S. dollars), said Zeng Rong, chief economist at the Hainan Provincial Bureau of International Economic Development, at the press conference.
"This year's CICPE has placed greater emphasis on cutting-edge technology fields, with the total area of the consumption technology zone expanding by 30 percent. In particular, the new product launch event gathered 25 well-known domestic and foreign enterprises, where nearly a hundred new products made their debut, further strengthening the role of the CICPE as a barometer of global consumption trends," she said. More than 60,000 professional purchasers attended the six-day event -- representing a 10 percent increase from last year. In tandem with the expo, the Ministry of Commerce also launched the "Shopping in China" campaign to stimulate domestic consumption, and introduced a dedicated exhibition to facilitate cooperation between foreign trade firms and domestic purchasers.
Preparations for the 6th CICPE are underway, with hundreds of companies already registered or signed on to participate in the next edition of this event. "We have always been paying attention to the Chinese market, and we can feel that China is optimizing and upgrading its policies faster than we thought. So we still need to take the CICPE as an opportunity to have matchmaking with Chinese companies," said Lau Kiat Boon, a Singaporean exhibitor.
"We see lots of potential here in China, and particularly, the Chinese people love our products. So that's the reason we are here, we want to build our relationship with China and going forward," said Tom Keightley, a Irish exhibitor.
"We have closed many deals so far. Since the first day, we have received lots of business people that have many [much] interest for us," said John Echenique, a Peruvian exhibitor.
The expo is the only national-level exhibition in China focusing on consumer goods.
5th China Int'l Consumer Products Expo wraps up with record-high scale
