The Expo will boost international brands to settle in Hainan and promote overseas consumption return and economic growth.

　　　　　　 CCTV News:The 2nd Consumer Expo officially opened today (July 25th) in Haikou City, Hainan Province, with more than 2,800 brands of goods from home and abroad gathered in an exhibition area of 100,000 square meters. The holding of the Expo has added another impetus to Hainan’s tourism consumption.

After the first Consumer Expo was held, many exhibitors increased their business development in Hainan, and new brands were constantly set up in Hainan, which not only enriched duty-free goods, but also brought about sales growth.

In a duty-free city in Haikou City, Hainan Province, the reporter saw that many consumers were choosing perfume, cosmetics, skin care products and other commodities. Many of these consumers are old customers.

The person in charge told the reporter that nearly 500 international brands have been introduced in the exhibition area of more than 20,000 square meters in this duty-free city. Even so, since this year, more brands are optimistic about the consumer market in China and are interested in entering.

Zhan Xingzhou, President of Shenzhen Duty Free Group:Consumer Expo is like the "engine" of tourism consumption and the "highway" to promote the development of tax-free enterprises. Last year, we attended the first Expo. Over the past year, our sales in Hainan increased by 120% year-on-year, and the number of customers increased by four times, exceeding one million.

In another duty-free city in Sanya, Hainan, the charm of duty-free goods attracts tourists from all over the country. The data shows that last year, the sales of China Free Group in Hainan alone exceeded 60 billion yuan. There are more than 750 brands at home and abroad in Haitang Bay Duty Free City, and more than 30 brands entered after last year’s Consumer Expo.

　　　　　　 Gao Xujiang, Deputy General Manager of China Tourism Group Zhongmian Co., Ltd.:After the Expo in May last year, I feel that our influence has increased. Especially, some international brands have paid more and more attention to our China market, especially Hainan market. For example, some brands that were difficult to attract investment in the past have made it much easier to negotiate after the Expo. There are also some substantial progress, such as some electronic goods and cosmetics, which are now stationed in some duty-free shops in Hainan, and some first launches, first stores and initiatives.

China International Consumer Goods Expo provides a platform for global consumer goods display and trading, which is beneficial for countries all over the world to share market opportunities in China, and for China to provide more high-quality consumer goods to the world. Ni Qiang, vice governor of Hainan Province, said in an exclusive interview with our reporter that the holding of the Consumer Expo has promoted the return of overseas consumption and economic growth.

Reporter Bai Wei:What changes have been brought to Hainan after the first Expo?

Ni Qiang, Deputy Governor of Hainan Province and Director of the Free Trade Port Working Committee Office of the Provincial Party Committee:We promote our economic growth through consumer fairs, duty-free shopping on outlying islands and the return of consumption. Last year, the growth rate of total retail sales of social consumer goods in Hainan was the first in the country, and the average growth rate in two years was the first in the country. Now consumption has driven more than investment. It should be said that under the impetus of consumption, the growth rate of GDP jumped to the second place in the country last year, and our two-year average (growth rate) was the first in the country.

Ni Qiang said that after the first Consumer Expo, many exhibitors who participated in the Expo went to Hainan for field trips, involving high-end manufacturing, food processing, eco-environmental protection and many other industries. Since this year, some enterprises have invested and built factories in Hainan, which has strongly supported the construction of Hainan’s modern industrial system. The data shows that the actual utilization of foreign capital in Hainan Province will increase by 16% in 2021, and the total amount will jump from the fifth lowest in the country to the ninth in the country.

Ni Qiang, Deputy Governor of Hainan Province and Director of the Free Trade Port Working Committee Office of the Provincial Party Committee:At present, many international enterprises have come to Hainan through the Expo, mainly taking advantage of Hainan’s geographical advantage of relying on the domestic super-large-scale market; On the other hand, domestic enterprises also use this platform to push their products and services to a broader international market.