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Foreign businesses flock to consumer products expo(Global Times) 10:27, April 15, 2025
In addition to automakers, TCP Group is participating in the CICPE for the fifth consecutive year as the founder and owner of the global Red Bull brand, the energy drink conglomerate.
Saravoot Yoovidhya, CEO of TCP Group, said in a press release the company shared with the Global Times, "As a leading Thai food and beverage enterprise that began its global journey from Hainan, TCP Group is honored to have witnessed, participated in, and benefited from Hainan's development over the years. As a key component of the Hainan Free Trade Port initiative, the CICPE provides an international platform for foreign enterprises to showcase products and services, explore business opportunities, and establish strategic partnerships.
"We will continue to deepen our presence in China by leveraging the favorable policies of the Hainan Free Trade Port," Yoovidhya said
This is the second time for Daniel Bont to attend the expo in Hainan and he is impressed by the wide presence of cutting-edge products related to electric vehicles (EVs) at the event. The development of Chinese EVs is very impressive, and there is a high complementarity between Switzerland and China in this sector and beyond, said Bont.
As a senior consultant from Switzerland Global Enterprise, an official Swiss organization for export and investment promotion, Bont understands the importance of the Chinese market for Swiss businesses' development.
The organization has nine different companies representing 11 brands from Switzerland at this year's expo, ranging from sectors such as cosmetics to watches and baby milk powder.
Data recently released by the China General Chamber of Commerce showed that the China retail prosperity index stood at 50.5 percent in April, up 0.3 percentage points from the previous month, an indication of a slight improvement in the overall performance of the nation's retail sector during the month, according to a report published by CCTV.com.
Analysis suggests that with seasonal promotions and trade-in programs for consumer goods gaining momentum in April, the retail business environment has continued to improve and consumer activity steadily increased, the report said.
