The scale of the 134th Canton Fair has reached a new high and positive factors for foreign trade continue to accumulate
2023-10-17
The 134th China Import and Export Commodity Fair recently opened. The total exhibition area, total number of booths, and number of participating enterprises of this year's Canton Fair have all reached new highs. The Canton Fair is one of the important windows for observing China's foreign trade, and the continuous growth of relevant data reflects the positive changes in China's foreign trade. This is mutually confirmed by other recently released data, indicating that the foundation for high-quality development and "stability" of China's foreign trade is more solid, demonstrating strong resilience and innovative vitality. The number and structure of online platform exhibitors at this year's Canton Fair have increased by nearly 29000, an increase of 2115 compared to the previous one. The level of intelligence and convenience on online platforms is constantly improving, with 101 functions optimized. As of now, online platform exhibitors have uploaded approximately 2.72 million products, including approximately 700000 new products. During the preparation period of this Canton Fair, it has already demonstrated the continuous accumulation of positive factors in China's foreign trade. Qu Weixi, Vice President of the International Trade and Economic Cooperation Research Institute of the Ministry of Commerce, introduced that the number of participating enterprises has increased, and many specialized, refined, and innovative "little giants", manufacturing single champion, and national high-tech enterprises are actively participating. The number of high-tech and high value-added new exhibits such as new energy and industrial automation is nearly 100000. From the perspective of pre registration rate, hotel reservation rate, flight reservation rate, and other factors, the participation trend of overseas buyers at this year's Canton Fair is stable and improving. It is expected that the number of attendees will significantly increase compared to the previous Canton Fair, "said Xu Bing, a spokesperson for the Canton Fair and deputy director of the China Foreign Trade Center. In terms of optimizing the exhibition area structure, this year's Canton Fair provides more exhibition space for advanced manufacturing products, showcasing more innovative, high-end, intelligent, and green products, reflecting the changes in China's industrial structure and export commodity structure. Jiangsu Sumida Electromechanical Co., Ltd. showcased innovative achievements in smart energy during the Canton Fair. The company's general manager, Zhou Yu, introduced that the portable energy storage device unveiled this time uses lithium batteries as the carrier, which can be applied in outdoor travel, emergency preparedness and other scenarios. For over 20 years, Guangzhou Shuangyu Sports Goods Group Co., Ltd. has never been absent from the Guangzhou Fair. We have continuously upgraded production processes and innovated selection processes to improve the output rate and quality stability of international standard balls, registered brands in more than 30 countries, and established market networks, "said Wu Huaqiang, Deputy General Manager of Pisces Sports. Leveraging the advantages of the platform to expand the market, after years of innovative development, the Canton Fair is now a comprehensive platform that integrates information exchange, innovation release, industry promotion, trade services, and other functions. In order to welcome the Canton Fair, Guangzhou Haiwei Te Technology Co., Ltd. has accelerated the research and development of 8 debut new products and obtained the qualification to participate in the Canton Fair's new product release. I hope to make global customers' eyes shine ', "said Yu Shaomei, the company's sales director. From OEM to launching its own brand to entering overseas markets, the company has gradually realized that the key to improving competitiveness lies in innovation. As the largest exhibitor, the proportion of private enterprises in this year's Canton Fair reached 90%. The latest foreign trade data released for the first three quarters shows that China's private enterprises have imported and exported 16.34 trillion yuan, a year-on-year increase of 6.1%, accounting for 53.1% of China's total import and export value. Private enterprises continue to serve as the main force of China's exports, the vanguard of brand building, and consumer goods
Edit：Hou Wenzhe Responsible editor：WeiZe
Source：economic daily
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