Enterprises eye China's huge consumer market
Thriving sectors such as low-altitude economy and new energy vehicles propelling industries to stand out on global stage, unlocking consumption possibilities
Wang Zhao, COO of EHang, said the company's customers mainly consist of government bodies and companies in the cultural and tourism sectors.
"But personal ownership of aircraft or taking eVTOLs (electric vertical takeoff and landing aircraft) as 'air-taxis' is not far off. It is important to establish hubs for automatic recharging, maintenance and storage of aircraft, facilitating wider coverage of aircraft operations," he said.
While some enterprises face challenges due to the so-called "reciprocal tariffs" imposed by the United States, Chinese trading firms are actively exploring the potential of the domestic market to alleviate business pressures.
Vice-Minister of Commerce Sheng Qiuping emphasized during the expo the increasing complexity and uncertainty of the external environment, which has impacted industrial chains and exerted pressure on foreign trade.
Sheng said China has been the world's largest goods trading nation for eight consecutive years. He added that measures will be rolled out soon to aid trading companies to tap the domestic market to withstand external trade pressures.
