PR97252

HAIKOU, China, July 28, 2022 /PRNewswire=KYODO JBN/ --

The 2nd China International Consumer Products Expo (Hainan Expo) opened its

doors on July 26 in Haikou City, the capital of southern China's Hainan

Province. Drawing in over 2,800 brands representing over 60 countries, this

year's Hainan Expo aims to be an expo of firsts, with many exhibitors making

their first showing and a number of products debuting over the coming days.

Over 100 thousand visitors have attended the expo over the past two days.

Since opening, visitors have jostled to get a look at the high-end consumer

goods and one-off designs on display from both Chinese domestic and

international companies. Dell launched new offerings for each of their laptop

ranges. The environmentally conscious Chinese jeweler GAONAS displayed a unique

piece "The Miner's Tear" which reflects the Expo themes of environmental

protection and sustainable development.

France, this year's guest-of-honor country, brought close to fifty enterprises

and 250 brands －ranging from skincare, beauty and fashion to fine French

wines and gourmet offerings － to the Expo, making it the country with

the largest number of exhibitors after China.

On opening day, L'Oreal launched Hainan tourist retail operations with two of

its major brands, Prada Fragrance and Takami. Together with its partners, it

also published the "Action Guide for Household Chemicals Industry to Promote

Sustainable Consumption", the first guide of its kind in China. Haikou Global

Boutique Duty-Free City and fashion label Karl Lagerfeld signed a strategic

cooperation agreement.

A total of 74 events were held on opening day, most notably the 2nd Global

Consumer Innovation and Duty-Free and Tourism Retail Conference and 25 separate

events by the Global Consumer Forum. Over 20 consumer reports from various

professional research and consulting firms on various industries were released.

Meanwhile, the 2nd Hainan Expo Fashion Week opened and 48 product launches took

place.

The China International Consumer Products Expo is China's only such exposition,

and is also the largest in the Asia-Pacific region. Since the first Expo held

over a year ago, Hainan has stepped up the pace in syncing its duty-free market

with international standards in terms of product variety, brands and price.

Hainan's offshore duty-free market saw rapid growth over 2021, with sales

exceeding RMB60 billion (USD8.9 billion).

Hainan Expo has become an important window for companies outside China to learn

more about the Hainan Free Trade Port, the world's largest free trade port,

which has attracted an increasing number of international firms to set up

operations within its borders. The last Expo saw Richemont, Taikoo and Pernod

Ricard announce their plans to establish bases in Hainan. This year, France's

LVMH and US business analytics heavyweight Dun & Bradstreet declared their

intentions to follow suit, with LVMH due to set up a regional tourism retail

supply center.

SOURCE: Hainan International Media Center (HIMC)

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=426472

   Caption: Attendees enter the 2nd China International Consumer Products Expo, which

officially opened in Haikou, the capital of southern China’s Hainan Province,

on July 26. (Photo/Liu Yang)

   Link: http://asianetnews.net/view-attachment?attach-id=426474

   Caption: The French pavilion at the 2nd CICPE. (Photo/Li Hao)

   Link: http://asianetnews.net/view-attachment?attach-id=426475

   Caption: A French exhibitor shows guests around the French pavilion. (Photo/Wang Kai)

   Link: http://asianetnews.net/view-attachment?attach-id=426476

   Caption: The 2nd China International Consumer Products Expo is being held at Hainan

International Convention and Exhibition Center from July 26 to July 30.

(Photo/Chen Yuancai)