日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / CICPE 2022

Expo sends biz confidence soaring

By ZHU WENQIAN and MA ZHIPING in Haikou | CHINA DAILY | Updated: 2022-07-30 07:31
Share
Share - WeChat
Visitors browse cosmetics at the booth of Estee Lauder during the China International Consumer Products Expo in Haikou, Hainan province. ZHANG WEI/CHINA DAILY

Global business leaders said they remain bullish on the China market's long-term prospects and will continue to exploit growth opportunities presented by the Hainan Free Trade Port, which will help develop the region as well as the rest of the world.

They made the remarks at the ongoing China International Consumer Products Expo in Haikou, Hainan province.

Matthew Margulies, vice-president of China operations for the US-China Business Council, said the sheer scale of China's consumer market continues to matter. China offers $5 trillion worth of consumption growth opportunities over the next decade-something that US companies are eager to unlock.

Many US companies have already used digital platforms to tap into large consumer bases in China as the country transitioned to a consumption-led economy from an export-driven market.

As two great economies and economic partners, the United States and China will continue to harness the economy's strength for better outcomes for consumers across the world, Margulies said at the expo.

US skincare group Estee Lauder said it has established a world-class research and development center in Shanghai, and the facility is expected to be put into use this year. The center will develop more products that cater to young Chinese consumers and the overseas markets.

"We will continuously introduce new brands to enrich our brand portfolio, and expand online and offline sales in China. Young Chinese are quite sophisticated and open-minded, and we will strengthen the efforts to explore more personalized products to meet their demand," said Joy Fan, president of Estee Lauder in China.

L'Oreal, the world's largest cosmetics company by revenue and a two-time participant of the expo, said the event is a powerful avenue for it to showcase its brand portfolio. The company came to Hainan to collaborate with stakeholders and local partners to share opportunities, inject dynamism into the island, and continuously invest in China, including making potential investments in Chinese cosmetics startups.

The French company said the beauty industry in China has shown its resilience in the past two years, despite the COVID-19 pandemic, and L'Oreal reported strong double-digit growth in the Chinese mainland in 2021. Next, it hopes to bring more innovative new products to the China market.

"We see a lot of opportunities in China. Middle-income consumers are constantly growing, and the consumer group could be one of the largest globally in the next few years. High-quality consumption is also growing in China, and this is positive for the beauty industry," said Fabrice Megarbane, president of L'Oreal North Asia and CEO of L'Oreal China.

Chinese people are increasingly paying attention to cultural aspects, experience upgrades and personal expressions, according to a new report released by Boston Consulting Group during the expo.

"Personalized and socialized aesthetic expressions of Chinese consumers have reached a new high. We suggest that brands should invest in new technologies continuously to capture future business opportunities, especially in new technologies related to cosmetics, food and cars," said Yang Li, a global partner with BCG.

The domestic retail market plays a highly important role in China's economic development, said another report released at the expo by KPMG and the Moodie Davitt Report, which is published by Moodie International Ltd, a multimedia business-to-business publisher.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 国产在线视频2019最新视频 | 奇米影视4色 | 欧美国产视频 | 久久精品国产免费看久久精品 | 国产日韩欧美在线 | 国产免费观看一区二区三区 | 亚洲国产精品a一区 | av免费网站在线观看 | 成年免费大片黄在线观看岛国 | jiucao视频在线观看 | а√天堂资源中文最新版地址 | 成人av网站在线观看 | 九九99九九视频在线观看 | 婷婷的久久五月综合先锋影音 | 一级毛片aaa片免费观看 | 99久久综合给久久精品 | 亚洲AV无码色情第一综合网 | 日日操夜夜操视频 | 国产精品福利视频免费观看 | 超碰在线观看97 | 日本高清va不卡视频在线观看 | 国内精品一区二区三区 | 久久亚洲一级毛片 | 精品粉嫩aⅴ一区二区三区四区 | 久久久久久久久久免观看 | 欧美色涩| 在线一区免费视频播放 | 亚洲精品a| 亚洲欧美日韩中文综合在线不卡 | 99re热精品视频 | 成人午夜久久 | 三级大片在线观看 | 92午夜影院| 挑战者联盟第一季免费观看完整版 | 黄在线免费看 | 丁香婷婷色综合亚洲小说 | 国产精品岛国久久久久久久 | 日本一区二区三区免费高清在线 | 国产东北普通话对白 | 久久亚洲国产午夜精品理论片 | 色网站在线免费观看 |