In spite of heightened trade protectionism and geopolitical stress, Chinas products and market are still appealing to foreign businesspeople.A record-breaking 65 Fortune Global 500 companies and industry leaders are participating in the continuous fifth China International Consumer Products Expo (CICPE) in the tropical island province of Hainan in south China.Meanwhile, the Canton Fair, which started on Tuesday in Guangzhou, south China, drew 64,530 overseas purchasers on its opening day, an 8.9 percent year-on-year boost and a record high for the first day.
This occasion in Guangdong Province features major global sellers, consisting of Walmart and Target from the United States, Carrefour from France, Tesco and Kingfisher from the UK, and Germanys Metro.According to Niu Huayong, a professor at the International Business School of Beijing Foreign Studies University, the success of this years CICPE and Canton Fair highlights that trade and cooperation remain crucial drivers of international development.
All countries take advantage of globalization, he said.Amid existing worldwide trade turbulence, international buyers going to the Canton Fair still consider Chinese products highly attractive and even irreplaceable.Dinova, a retail company headquartered in France that discovers the majority of its providers at the Canton Fair, has actually made China the core of its worldwide sourcing method, according to Sonia Ben Behe, its basic manager.
We have actually explored alternative countries, however no other region matches Chinas maturity for our product classification.
Thats why, as part of a global sourcing technique, China remains at the core, she said.According to Chris Arthan, an exhibitor from the United States, in spite of the effect of tariffs, Chinas function in the global supply chain stays essential and commonly respected.In addition to the strong appeal of Chinese products to worldwide purchasers, international brand names likewise have confidence in Chinas consumer market.
For this years CICPE, leading manufacturers from around the world excitedly gathered to Hainan.The UK, as the visitor nation of honor at the 2025 occasion, is inhabiting an exhibition area of more than 1,300 square meters, displaying 53 brand names throughout the style, charm, homeware, health and precious jewelry markets, and doubling its 2024 existence.
I have actually seen the significant development and growth taking place within Chinas economy recently, not least in digital technologies, life sciences and green energy, said Douglas Alexander, minister of state of the British Department for Business and Trade, while likewise highlighting the UKs commitment to deepening economic ties with China.Notably, the exposition has actually managed to draw a range of top-tier worldwide luxury brands.
Richemonts TimeVallée debuted as an independent exhibitor, while LVMH and Kering Group brands emerged reflecting self-confidence in Chinas premium consumption growth.
Luxury consumers in China are substantially younger than those in numerous overseas markets, which provides a major chance for us, stated Nancy Liu, president of luxury travel merchant DFS China.
The company has actually presented tailored services to cater to the expectations of emerging consumer groups.Global trade unpredictabilities and growing supply chain disruptions have actually not prevented foreign financiers from remaining positive about the Chinese market.
Chinas market size, increasing customer demand and helpful policies continue to use distinct and strong appeal, helping to retain investor confidence.According to Yao Zhenguo, worldwide senior vice president of Siemens Energy, the development of the Hainan Free Trade Port is unlocking new opportunities for openness.
He noted that Siemens will continue to strengthen cooperation throughout the complete industrial chain, drive development and assistance Hainan Free Trade Ports global, green and law-based growth.Yao said Siemens has deeply felt the momentum of Chinas reform and opening, a view echoed by numerous exhibitors.
They believe that amid a tough worldwide financial environment and increasing trade protectionism, Chinas firm commitment to high-standard opening up provides much-needed stability and certainty, injecting confidence into the world economy.Chinas overall items imports and exports in yuan-denominated terms broadened 1.3 percent year on year in the first quarter of 2025, showing stable growth and strong strength despite external headwinds, customs information showed.United States tariff boosts on Chinese products will exert some pressure on Chinas trade and economy in the short term but will not change the Chinese economys long-term positive trajectory, stated Sheng Laiyun, deputy director of the National Bureau of Statistics.Zhang Yansheng, an economic expert with the Academy of Macroeconomic Research, told Xinhua that based on the trade occasions in Guangzhou and Hainan, the resilience of Chinas foreign trade against the backdrop of growing protectionism worldwide is evident.
We can see that foreign businesspeople continue to look for chances in China.
China is a nation with a large population, a big economy and a big scale of opening, he continued.
At a time when the sentiment of anti-globalization grows, China will stick to the course of opening at a high level and promote economic globalization, in addition to trade and investment liberalization.