Latest news with #CICPE
Malaysia Sun
22-04-2025
- Business
- Malaysia Sun
Xi Jinping's visit to Malaysia drives trade, economic cooperation
CGTN 16 Apr 2025, 09:17 GMT+10 The 5th China International Consumer Products Expo (CICPE) in Haikou, south China's Hainan Province, witnessed enthusiastic participation from multiple global exhibitors and visitors. Representatives from Malaysian business and education sectors expressed strong appreciation for Chinese President Xi Jinping's visit to Malaysia, with many highlighting the expo's role as a vital international platform and conveying optimism regarding future economic and trade collaboration between China and Malaysia. CICPE left a profound impression on the academic staff from the University Geomatika Malaysia. They were particularly impressed by the event's global standards and scale, which they found surpassed their expectations, and expressed great pride as Malaysians after seeing the enthusiastic response to the Malaysia National Pavilion. Patrick Ku, marketing manager of a renowned Malaysian company GPR Food, highlighted China's welcoming environment from a business standpoint, noting that the country offers both a business-friendly climate and a tourist-friendly experience. He highlighted China's vast consumer market as a significant opportunity for foreign enterprises. Diamond Lim, honorary president of the Malaysia Swiftlet Nest Industry and Exporters Association, and Tan Siew Khim, COO of Dama Dingji Yanwo Sdn. Bhd, underscored the historic significance of Xi's state visit, which coincided with over 50 years of diplomatic ties between China and Malaysia. He expressed confidence that the visit would further open China's market to Malaysian specialty products such as bird's nest, propelling bilateral trade to new heights. Source: CGTN
Business Wire
21-04-2025
- Business
- Business Wire
China's Moutai Elevates Chinese Liquor Culture onto the Global Stage
HAIKOU, China--(BUSINESS WIRE)--China's premier liquor brand Moutai captivated audiences with an impressive exhibition highlighting its global journey and the richness of Chinese liquor culture at the recently concluded 5th China International Consumer Products Expo (CICPE), or Hainan Expo 2025. Since entering overseas markets in 1954, Moutai has reached 66 countries and regions. Share Held in Haikou, the capital of South China's Hainan Province, the five-day event welcomed over 1,700 enterprises and 4,200 consumer brands from 71 countries and regions. From technology and jewelry to gourmet food and Chinese lifestyle products, the Expo served as a vibrant showcase of global consumer trends. On this international stage, Moutai stood out as a symbol of Eastern elegance. Under the theme 'Share Open Opportunities, Co-create a Better Life,' the brand spotlighted the cultural significance of Baijiu, China's traditional liquor, as a bridge for connection and shared experiences. This year, Moutai's pavilion featured a unique color called 'Jiangsha Red,' a soft pink tone that added a gentle, classical atmosphere. Moutai introduces a traditional Chinese color each year—deeply rooted in history—as a medium for expressing the aesthetics and spirit of Chinese culture to the world. Moutai is defined not only by its intricate brewing techniques and long-standing tradition, but also by its values: respect for nature, reverence for people, and integrity. The brand embraces the philosophy of taking things slow—preserving craftsmanship, honoring heritage, and fostering human connection. For Moutai, a truly great product is not about the price tag, but the dedication and willingness to share life's beauty with the world. From the banks of the Chishui River in Renhuai, Guizhou Province, to global recognition at the Panama-Pacific International Exposition over a century ago, Moutai has grown into a famous symbol of Chinese culture abroad. Since entering overseas markets in 1954, Moutai has reached 66 countries and regions. In 2024, its export revenue exceeded USD 690 million for the first time, setting a new record. This milestone reflects the rising global recognition of Chinese liquor, with Moutai emerging as a true icon among Chinese brands going global.
Euronews
20-04-2025
- Business
- Euronews
Chinese exporters seek new markets to offset US tariff impact amid trade war
ADVERTISEMENT Chinese exporters have begun seeking new opportunities to tap into global markets in the face of the ongoing trade war with the United States. Key to this are trade fairs, where many can showcase their products and create sales channels to offset tariff impacts, with the end goal of finding other opportunities beyond traditional markets like the US. Of the several trade fairs, two major trade fairs—the Canton Fair and the China International Consumer Products Expo (CICPE)—serve as key platforms for businesses. The booths of this year's Canton Fair in the southern Chinese metropolis of Guangzhou, Guangdong Province, are highly sought after among Chinese exporters hoping to build new business relationships in alternative markets. "We will surely expand our markets abroad besides the United States. This product is a key focus at present. It has up-to-date functions. Clients from Poland and the Netherlands wanted to sign an exclusive distribution agreement with us right here," said Tang Shousheng, an exhibitor. Beyond sales expansion, Chinese exporters are also investing in overseas production facilities to strengthen their presence in global markets. Quest to diversify and keep resilience "We plan to invest 10 million yuan (about 1.37 million U.S. dollars) in building overseas factories. In fact, we have already found local suppliers for essential components such as plastics, SMT (surface-mount technology) patches, and packaging materials like colour boxes," said Huang Shuyu, an exhibitor. Organisers of the Canton Fair say around 31,000 firms are participating in this year's fair, which runs till 5 May, up by nearly 900 compared with the previous one. At the just-concluded CICPE, many Chinese exporters tried to diversify their brands and supply chains, hoping to ensure they remain resilient in an unpredictable trade environment. Some businesses are introducing proprietary brands tailored to specific international markets and to expand their domestic market share. "We started to launch our own brands last year, and these products have performed very well in the Russian market," said Ran Yan, an exhibitor. Related China appoints a new trade negotiator during tariff fight with the US EU navigates China trade dilemma: Defending against imports, courting investment Despite the trade disruptions, many exhibiting businesses remain committed to global expansion "We have not given up the global industrial layout in terms of our overall brand strategy," said Li Rongsheng, said one exhibitor. The US and China are locked in a trade row that has seen Washington impose tariffs of more than 145 percent on Chinese goods entering the US. In March, China's exports jumped 12.4% from last year in a last-minute flurry of activity as companies rushed to beat increases in the tariffs, and analysts forecast sharp setbacks.
Yahoo
19-04-2025
- Business
- Yahoo
Chinese exporters seek new markets to offset US tariff impact amid trade war
Chinese exporters have begun seeking new opportunities to tap into global markets in the face of the ongoing trade war with the United States. Key to this are trade fairs, where many can showcase their products and create sales channels to offset tariff impacts, with the end goal of finding other opportunities beyond traditional markets like the US. Of the several trade fairs, two major trade fairs—the Canton Fair and the China International Consumer Products Expo (CICPE)—serve as key platforms for businesses. The booths of this year's Canton Fair in the southern Chinese metropolis of Guangzhou, Guangdong Province, are highly sought after among Chinese exporters hoping to build new business relationships in alternative markets. "We will surely expand our markets abroad besides the United States. This product is a key focus at present. It has up-to-date functions. Clients from Poland and the Netherlands wanted to sign an exclusive distribution agreement with us right here," said Tang Shousheng, an exhibitor. Beyond sales expansion, Chinese exporters are also investing in overseas production facilities to strengthen their presence in global markets. "We plan to invest 10 million yuan (about 1.37 million U.S. dollars) in building overseas factories. In fact, we have already found local suppliers for essential components such as plastics, SMT (surface-mount technology) patches, and packaging materials like colour boxes," said Huang Shuyu, an exhibitor. Organisers of the Canton Fair say around 31,000 firms are participating in this year's fair, which runs till 5 May, up by nearly 900 compared with the previous one. At the just-concluded CICPE, many Chinese exporters tried to diversify their brands and supply chains, hoping to ensure they remain resilient in an unpredictable trade environment. Some businesses are introducing proprietary brands tailored to specific international markets and to expand their domestic market share. "We started to launch our own brands last year, and these products have performed very well in the Russian market," said Ran Yan, an exhibitor. Related China appoints a new trade negotiator during tariff fight with the US EU navigates China trade dilemma: Defending against imports, courting investment Despite the trade disruptions, many exhibiting businesses remain committed to global expansion "We have not given up the global industrial layout in terms of our overall brand strategy," said Li Rongsheng, said one exhibitor. The US and China are locked in a trade row that has seen Washington impose tariffs of more than 145 percent on Chinese goods entering the US. In March, China's exports jumped 12.4% from last year in a last-minute flurry of activity as companies rushed to beat increases in the tariffs, and analysts forecast sharp setbacks. Sign in to access your portfolio
Korea Herald
18-04-2025
- Business
- Korea Herald
Over 4,100 brands from 70+ countries and regions on display at the 5th CICPE
HAIKOU, China, April 18, 2025 /PRNewswire/ -- A report from HIMC: On Apr. 13, the 5 th China International Consumer Products Expo (CICPE) opened in Haikou, capital city of Hainan Province. This year, over 1,700 companies from 70+ countries and regions put more than 4,100 brands on display at the event. "The Hainan Expo gave me a sense of the huge potential of China's consumer market," said Ramel François Félix, CEO of Vignerons du Castelas, who is attending his 5th CICPE in a row. Over the past four years, he has met over a hundred Chinese business partners at the Expo, greatly facilitating his business. As China's only national-level consumer product themed expo, China's huge market advantage makes attending the Expo very attractive. There are several notable differences at this year's Expo. Exhibition groups from Slovakia, Singapore, Brazil, and several other countries attended for the first time, special exhibition areas for AI and the low-altitude economy were a new feature, and an online pre-matching plus in-person in-depth negotiation supply and demand matching model also debuted. As of Apr. 16, the midpoint of the Expo, a total of 150 billion yuan ($20.56 billion) of transaction agreements had already been made, with 52 project agreements signed in three official supply and demand matchmaking meetings. Twenty of these were signed at country-specific sessions, with Chinese and international exhibitors reaching agreement for a wide variety of procurement and transaction projects. At this year's Expo, Hainan also welcomed large numbers of new orders and collaborative agreements. Many project agreements in the areas of autonomous driving, smart transportation infrastructure, and smart travel services were achieved. Hangzhou's Unitree Robotics exhibited varieties of robot products, and received many orders from Hainan for items related to university-level scientific research, public security patrols, and other fields. The Fosun Tourism Group announced that ULTRAMED, a major tourism and cultural project, will open in Haitang Bay, Sanya. There was a sense of great openness both inside the venue as well as outside. Unlike in the past, many international exhibitors and buyers no longer needed to apply for visas to participate, thanks to Hainan's 59 Country Visa Free Entry Policy along with nationally applicable comprehensive bilateral and unilateral visa-free policies, which combined permit travelers from 77 countries to enter Hainan visa free. In Hainan, special management measures for cross-border trade in services and greater market access for foreign investment access have been implemented. The province is also accelerating the exploration and establishment of a coordinated model for domestic and international investment access suited to the unique conditions of the Hainan Free Trade Port (FTP). This year, special customs operations will be established in the FTP. "The institutional opening advantages of Hainan will become more and more available, bringing greater investment opportunities." William Huang, EY China South Managing Partner, believes that thanks to the opportunities brought by the CICPE and the favorable development conditions of the Hainan FTP, more multinational companies will increase their presence in Hainan.
