Canton Fair showcases country's new advantages in foreign trade

21ST CENTURY BUSINESS HERALD | Updated: 2024-10-17 07:13

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Peruvian buyers pose for photos at the 136th China Import and Export Fair in Guangzhou, South China's Guangdong province, Oct 15, 2024. The 136th China Import and Export Fair, popularly known as the Canton Fair, kicked off in Guangzhou, the capital of South China's Guangdong province, on Tuesday. [Photo/Xinhua]

The 136th China Import and Export Fair, or the Canton Fair, being held in Guangzhou, Guangdong province, is expected to give a boost to China's foreign trade at a time when the sector is transitioning from high-speed growth to high-quality development.

More than 30,000 exhibitors are participating in offline exhibitions at the fair, nearly 800 more than the last time, of which more than 14,000 enterprises have their own brands, and more than 18,000 hold various international certifications. The number of new products exhibited in the first phase of the fair reached 1.15 million, and the number of products with independent intellectual property rights reached 1.11 million, a significant increase over the last fair. The registration of 138,000 overseas buyers from 209 countries and regions, and the participation of 223 global retailers and large businesses from various countries and regions, will undoubtedly set off a surge of new products' procurement in the smart era.

A number of high-tech and high value-added products representing new quality productive forces, launched by Chinese exhibitors through innovative concepts, designs, technologies, brands and other ways, will foster a "new force" for Chinese foreign trade enterprises to gain new technologies and win more advantages in international competition.

The new channel will provide strong support for China's foreign trade enterprises to build green industry, supply and value chains. This year's Canton Fair has achieved carbon neutrality for the first time mainly because of its 100 percent green exhibition layout.

At the same time, a green trade public service platform has been launched at the fair to help foreign trade enterprises enhance green trade awareness and capabilities, and provide more opportunities for digital, intelligent and green products, which will help China to cultivate new foreign trade growth points, accelerate industrial upgrading and green exports, and create more space for China's foreign trade development.

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