China 2024 Import Expo: From Flying Taxis to Louis Vuitton Luggage
Join KraneShares' Xiabing Su for an exclusive tour of the 2024 China International Import Expo (CIIE), a premier global trade event showcasing innovations from 152 countries and nearly three hundred Fortune Global 500 companies. This year's expo, themed "New Era, Shared Future," highlighted sustainability and global trade across various sectors, connecting international merchants with the Chinese market.
Xiabing explored the burgeoning low-altitude economy, featuring Vertaxi's air taxi, an electric vertical take-off and landing (eVTOL) aircraft poised to revolutionize urban transportation. Vertaxi and another eVTOL company have already secured over 200 orders combined worth more than 4 billion RMB, signaling strong market potential for investors in urban mobility solutions. The ongoing innovations in the technology sector showcased at the event demonstrate how China may address urban challenges like traffic congestion while opening new avenues for growth.
In the consumer goods area, luxury brands like LVMH continue to captivate audiences, reflecting the ongoing strength of China's premium market and the country's rising middle class. Xiabing also showcased advancements in sustainable technology and green growth, aligning with China's carbon neutrality goal by 2060.
Xiabing highlighted the CIIE's strong message about China's economic resilience and its position as a vital engine for global growth. The event facilitated connections and encouraged investment, particularly in sectors like consumer goods, healthcare, and automotive industries, which are benefiting from China's demographic shifts and government policy support.
From air taxis to Louis Vuitton luggage, Xiabing provides a unique glimpse into the innovative products that are shaping our shared future and creating opportunities for global investors.