The 135th China Import and Export Fair, also known as the Canton Fair, is scheduled to open in Guangzhou From April 15th to May 5th. This longest-running event is considered the largest and most effective international trade fair in China, featuring the widest range of exhibits. What new spotlights and changes await us at this edition? The Nandu Big Data Institute will highlight them for you.
Over one million new products to be exhibited onsite
The current Canton Fair has achieved growth in various data metrics compared to the previous level. The event has an enormous exhibition area of 1.55 million square meters, which hosted 28,600 enterprises for the export exhibition and 680 enterprises for the import exhibition. It also witnessed a total of 93,000 preregistered buyers, along with over 220 leading enterprises and industrial and commercial organizations that confirmed their participation in organizing delegations.
The Canton Fair, which has reached a new scale, has become a grand stage for enterprises to showcase their achievements in the development of new quality productive forces. Wang Shouwen, China International Trade Representative and Vice Minister of Commerce, introduced at the press conference of the State Council Information Office that over one million new products are expected to be exhibited at the Canton Fair this year, including over 450,000 green products and more than 250,000 products with independent intellectual property rights. Additionally, there will be over 90,000 intelligent products represented by intelligent bionic hands with brain-computer interfaces, automatic navigation transportation equipment, and artificial intelligence translation machines.
The number of high-tech enterprises, champion manufacturing enterprises, and "little giant" firms has increased by 20% compared to the previous edition
As high-tech and high value-added enterprises are increasingly showcasing their unique expertise, a large number of "Made in China" products are reaching the world through the Canton Fair. According to data, among the 28,600 enterprises participating in the export exhibition at this Canton Fair, over 5,500 are national high-tech enterprises, manufacturing individual champion enterprises, as well as specialized and sophisticated "little giant" firms, representing a 20% increase compared to the previous edition. Over 4,000 enterprises have been awarded international innovation design prizes, more than 6,700 foreign trade enterprises have been involved in the formulation of both international and domestic standards, and more than 10,000 exhibiting enterprises have invested more than 10% of their total sales revenue in research and development.
Furthermore, this year's Canton Fair has further expanded its exhibition themes to include digital technology and smart manufacturing, with nearly 3,600 related enterprises participating. Over 50% of them actively utilize digital technologies such as artificial intelligence and big data analysis to transform their production and operations. At the same time, the Canton Fair's online platform will enhance the application of digital technologies such as online connection displays, VR factory tours, and 3D photography, as well as intelligent traffic generation.
The number and variety of trade promotion activities hit new highs
As an old saying goes, "Good wine needs no bush". Thus, each Canton Fair hosts a wide range of market-oriented trade promotion activities. According to reports, this edition of the Canton Fair will host over 600 market-oriented trade promotion activities, setting new records in terms of both quantity and variety. At the press conference, Chu Shijia, director of the China Foreign Trade Center, announced that to fully showcase the latest advancements in China's new quality productive forces, this edition of the Canton Fair will also host 315 new product launches, premiers, and exhibitions, covering 13 industries, including industrial manufacturing, electronics and appliances, vehicles, and fashion. At the same time, 209 trade services will be introduced to provide seven major categories of services to exhibitors and buyers, including logistics and warehousing, testing and certification, financial and insurance services, helping enterprises connect all links in the trade chain. In addition, this edition of the Canton Fair has also established a cross-border e-commerce and overseas warehouse exhibition area for the first time, with the participation of 158 cross-border e-commerce and overseas warehouse companies.
Export value of participating foreign trade enterprises accounts for 16% of China's total
According to statistics, since the establishment of the Canton Fair, the cumulative number of overseas merchants participating in the event has exceeded 9.3 million, with 195 global partners, indicating a continuously expanding "circle of friends". As an important window for China's foreign trade, the exhibitors at the Canton Fair are outstanding representatives of its industry. Although they only account for 5.2% of the total number of foreign trade enterprises, their export value accounts for 16% of China's total. It is foreseeable that this edition of the Canton Fair will serve as a pivotal witness, driver, and leader of the development of new quality productive forces.
Reporter | He Zhen
Editor | Clarice, Chen Xuan, James
