The 3Rd China International Consumer Goods Expo Opened On April 10

The exhibition is a window to observe the economy. The 3rd China International Consumer Goods Expo was opened on April 10. It is the first major international exhibition held in China after the smooth transition of the prevention and control of the COVID-19 epidemic, which is conducive to boosting China's consumer confidence and providing an important driving force for consumption upgrading. The Consumer Expo has been held for three consecutive times, fully reflecting China's adherence to the basic national policy of opening to the outside world, firmly pursuing the win-win strategy of opening up, and constantly providing new opportunities for the world with new development.

At present, the recovery of consumption has injected impetus into China's economic recovery and effectively supported the steady and healthy development of the economy. In the first two months of this year, China's total retail sales of consumer goods increased by 3.5% year on year, and the retail sales of 12 of the 18 categories of goods above the designated size accelerated their recovery year on year. At the same time, the retail sales of cosmetics, gold, silver, jewelry, furniture and other upgrading commodities of units above the designated size increased by 3.8%, 5.9% and 5.2% year on year respectively. In this context, the holding of the Consumer Expo is of great significance to the recovery and expansion of consumption.

The Consumer Expo is conducive to the recovery and growth of the world economy. At present, the great changes in the world that have not happened in a century are accelerating. The epidemic situation in the century has far-reaching impact. The trend of anti globalization is rising, unilateralism and protectionism are rising significantly, and the world economy is recovering weakly. The report of Global Trade Outlook and Statistics predicts that the growth rate of global commodity trade volume will decline to 1.7% this year. At the same time, with the gradual recovery of China's economy, the vitality of market demand is picking up. In the first two months of this year, China's imports of consumer goods increased by about 2%. In the first quarter, the duty-free sales of Hainan outlying islands reached 16.9 billion yuan, up 18% year on year.

The Consumer Expo will not only help China to provide more high-quality consumer goods to the world, but also help to further expand domestic demand and promote consumption. The 3rd Consumer Expo has gathered more than 3300 high-quality consumer brands from all over the world. Many international leading brands in sub industries have participated in the Expo for the first time, and a large number of domestic boutiques and time-honored brands have been intensively displayed, which will further enrich the choice of consumer markets and better meet the diverse and quality consumption needs of the people. At the same time, by focusing on new hot spots such as green consumption, health consumption, intelligent consumption, fashion consumption, etc., a series of high-quality and beautiful goods are displayed, a series of colorful activities are held, a series of immersive and experiential scenes are created, and a good consumption atmosphere is created, so as to boost consumer confidence and stimulate consumption vitality.

The Consumer Expo provides a trading and exhibition platform for global consumer products, and is also an important part of Hainan's construction of a free trade port with Chinese characteristics. Since the release of the overall plan for the construction of Hainan Free Trade Port, the overall progress has been strong and orderly. Today, as an important intersection of domestic and international double circulation, Hainan is playing a unique role as an open highland in building a new development pattern. Data shows that Hainan actually used 24.44 billion yuan of foreign capital last year, up 7.1% year on year; The total import and export volume exceeded 200 billion yuan, up 36.8% year on year.

As a large-scale international exhibition with consumption as the theme, the Consumer Expo has played an increasingly important role in promoting the import of consumer goods and expanding quality supply. By building an exhibition and trading platform, amplifying the spillover effect of the exhibition and giving play to the overlapping advantages of policies, it is conducive to providing an important driving force for consumption upgrading and further expanding the import of high-quality consumer goods. China has a super large market advantage and domestic demand potential, continues to promote high-level opening up, firmly implements the strategy of expanding domestic demand, and speeds up the construction of a new development pattern, which will further consolidate the current momentum of economic stabilization and recovery, and provide a strong impetus for promoting high-quality economic development in China.