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Greater Bay Area

The 135th Canton Fair was successfully held

2024-05-05   

The 135th Canton Fair successfully concluded on May 5th in Guangzhou, and the online platform continued to operate normally. Zhou Shanqing, Director of the News Center of the Canton Fair and Deputy Director of the China Foreign Trade Center, introduced the overall operation of this year's Canton Fair to domestic and foreign media. The Central Committee of the Communist Party of China and the State Council attach great importance to the Canton Fair. Under the warm care of the Central Committee of the Communist Party of China and the State Council, and with the joint efforts of relevant departments, local commercial authorities, overseas agencies, and all attendees, this year's Canton Fair has further innovated its mechanism, enriched its business formats, and expanded its functions. It has been successful, exciting, and unforgettable, making positive contributions to promoting the quality and stability of foreign trade, promoting high-level opening up to the outside world, and serving the construction of a new development pattern. The number of overseas buyers attending the meeting reached a historic high. As of May 4th (the same below), a total of 246000 overseas buyers from 215 countries and regions participated in the conference offline, an increase of 24.5% from the previous session, setting a new record. Among them, 160000 purchasers from countries jointly building the "the Belt and Road", an increase of 25.1%; 61000 buyers from RCEP member countries, an increase of 25.5%; 52000 buyers from BRICS countries, an increase of 27.6%; 50000 European and American buyers, an increase of 10.7%. 119 industrial and commercial organizations, including the China US General Chamber of Commerce, 48 group clubs in the UK, Canada China Trade Council, the Istanbul Chamber of Commerce in Türkiye, the China General Chamber of Commerce in Malaysia, and the Victoria Construction Industry Association in Australia, organized delegations to attend the conference. 226 multinational leading enterprises, such as Wal Mart in the United States, Auchan in France, Tesco in the United Kingdom, Metro AG in Germany, IKEA in Sweden, Copel in Mexico, and Nippon in Japan, organized buyers to attend the conference. Overseas buyers highly praised this year's Canton Fair, believing that China has the best supply chain, and that the Canton Fair is the best platform for achieving one-stop procurement. Export transactions are showing a recovery growth trend. As of May 4th, offline export transactions at this year's Canton Fair amounted to 24.7 billion US dollars, an increase of 10.7% compared to the previous session. Customers in emerging markets made positive deals, with a turnover of US $13.86 billion with countries jointly building the "the Belt and Road", an increase of 13% over the previous session. The per capita unit price in traditional European and American markets is high. Online platform transactions are becoming increasingly active, with export transactions reaching 3.03 billion US dollars, an increase of 33.1% compared to the previous session. Exhibiting companies stated that the strong popularity of buyers has led to an increase in orders. In addition to on-site signing, buyers are constantly making follow-up appointments such as visiting factories and checking production capacity, and are expected to achieve more cooperation in the future. New quality productivity stimulates new momentum in foreign trade. Over 1 million new products were showcased on site by participating companies in this year's Canton Fair, and 334 new product debut exhibitions were held

Edit:Lubaikang Responsible editor:Chenze

Source:cief.cantonfair.org.cn

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