Chinese consumers now represent 33% of the global market for luxury items – and the packaging and packaging technologies they require
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A fascinating factoid for entrepreneurs in the world of packaging is that China is now the world’s second-largest packaging market after the US. China’s consumers are now driving demand for a range of goods requiring sophisticated packaging, including luxury items such as cosmetics. This is the backdrop to the huge gathering that was ProPak China 2019, June 19-21, in Shanghai.
Techworks Asia (TWA) clients recently carried off four of the Editor’s Choice Awards, from the top-tier publication China Electronic Market (CEM). Within China’s electronics sector, these are considered prestigious awards and are highly coveted by companies operating in China’s engineering community.
Springtime in Beijing brings with it China’s annual political “Two Sessions”, when the National People’s Congress (NPC), China’s legislative body, meets, as does the advisory body, the Chinese People’s Political Consultative Conference (CPPCC). There can be little doubt that this year’s Two Sessions were of especial interest, both within China and without. Impatient for the headline points? Well, how does 6+% GDP plus enhanced foreign investment opportunities sound. Positive enough outlook for you?