Yuan Youwei Secretary-General of the Innovation Economy Forum of the China Center for International Economic Exchanges
From May 7th to 10th, the first China International Consumer Goods Fair was held in Haikou, Hainan, which is a global exhibition and is expected to become the largest boutique exhibition in the Asia-Pacific region. The first China International Consumer Goods Fair strives to create an important platform for the display and trading of international consumer boutiques, which not only provides a unique channel for high-quality consumer boutiques from all over the world to enter the Chinese market, but also creates a rare opportunity for Chinese consumer boutiques to go global.
The holding of the first China International Consumer Goods Fair is of great significance. First of all, it is conducive to the smooth recovery of the global economy. Last year's sudden outbreak of the new crown epidemic has seriously affected both the supply and demand ends of the global economy, and the global economy, trade and investment have fallen into a downturn and need to recover urgently. The global economy shrank by 3.3 percent in 2020, trade growth slowed markedly, and global foreign direct investment fell by 38 percent, the lowest since 2005. In this context, China's hosting of the first China Consumer Goods Fair will play a positive role in promoting the smooth and rapid recovery of the global economy during and after the epidemic, and it is opportune.
Secondly, the convening of the Expo will meet the people's pursuit, yearning and needs for a better life. Due to the negative impact of the epidemic, it is difficult for Chinese consumers to meet their consumption needs in a timely and effective manner. The first China International Consumer Goods Fair will be divided into five professional exhibition areas, bringing together products from 69 countries and regions around the world, with 650 exhibitors and 1365 participating brands. This will provide Chinese consumers with "high, new, special and excellent" consumer boutiques.
Finally, and most importantly, the convening of this expo will be conducive to building a new development pattern with the domestic cycle as the main body and the domestic and international dual cycles promoting each other. The CICGF will not only create a new highland for opening up to the outside world, but also further optimize the supply of the domestic market. The expo widely organizes international manufacturers to participate in the exhibition, and also has a special China exhibition area. There are 857 enterprises in China participating in the exhibition, 1263 participating brands, and manufacturers throughout the country.
In addition, the first China International Consumer Goods Expo was selected to be held in Haikou, Hainan, which will also accelerate the construction of the Hainan Free Trade Port. Shortly after the Boao Forum for Asia was held, such an important event was held in Hainan again, which will bring together the policy advantages of the free trade port, gather global popularity, and create a world-class consumer boutique expo, thereby enhancing the international influence of the Hainan free trade port and building a bridge for international consumer boutiques to enter the Chinese market.
Under the background of the effective control of the new crown epidemic, China has successively held a series of large-scale activities, including the Service Trade Fair, the Ciie Expo and the CICGF, which have promoted the early recovery of the global economy. This fully demonstrates China's positive desire and firm action to work together with other countries around the world to overcome difficulties together. In fact, the covid-19 pandemic is not far away, and a third wave of the epidemic has emerged. At this critical moment, China has displayed the image of a responsible major country, stood in solidarity with all countries and peoples of all countries in the world, and embodied the responsibility and responsibility of a big country. (Editor-in-charge: Wang Xin)