Quality products reflect consumption upgrading trend at CICPE 2024

High-quality products with new and unique characteristics showcased at the 4th China International Consumer Products Expo in Haikou, Hainan province, reflecting China's new trend of consumption upgrading, China Securities Journal reported on Monday.

EHang took its flagship product, the EH216-S passenger-carrying pilotless eVTOL aircraft, to this year's CICPE. This product just obtained the world's first three airworthiness certificates from the Civil Aviation Administration of China (type certificate, production certificate, standard airworthiness certificate), said He Tianxing, vice-president of EHang.

The consumers who take Ehang pilotless aircraft in the future do not need to master any driving technology, nor do they need to have any pilot's license. They just need to book an air taxi, press a key to send command and then 'fly freely', he added.

In addition, many other intelligent products showcased at the CICPE 2024, covering areas of smart home, medical health and technology.

Huawei has also showcased a mobile, full-house smart "Home of the Future" in the open air, providing an opportunity to feel the magic and surprise brought by the "Internet of Everything" in the future space in advance.

This year's CICPE attracted a record high of over 4,000 brands from 71 countries and regions, with Russia, Mongolia and Malaysia participating in groups for first time.

The current trend of consumption upgrading in China is obvious, said Huang Hanquan, head of the Academy of Macroeconomic Research, which is affiliated to the National Development and Reform Commission.

The record high number of participating countries and regions as well as the exhibiting brands reflect the strong momentum released by the sustained recovery of China's consumer market, and the world's confidence in China's economic development prospects.

Through continuous innovation in the exhibition mode, the expo will gradually enhance its international influence and help build China into a global boutique consumption destination, Huang said.

China's imports of high-quality consumer goods continue to expand, providing a broader market space for global consumer goods enterprises, and more global leading brands and their latest products consider the expo the first and a must choice for exhibition, said Huang.