Canton Fair buyers hit new highs, Made in China injects certainty into the stability of global production and supply chains

On November 3, overseas buyers negotiated in the children's carriage and toys exhibition area of ​​the Canton Fair. Photo by Xinhua News Agency reporter Deng Hua

Xinhua News Agency, Guangzhou, November 4 (Reporters Zhan Yijia and Ding Le) The 140th China Import and Export Fair (Canton Fair) closed on the 4th. As of the 3rd, 352,000 overseas purchasers from 219 countries and regions had attended the conference, an increase of 12.2% from the previous session, and the scale reached a new high. The 70-year-old "China's First Exhibition" continues to have its charm, demonstrating China's unswerving expansion of high-level opening up to the outside world, sharing development dividends with the world, and continuing to inject certainty into global economic growth and the stability of production and supply chains.

In the exhibition hall, working and companion robots have various functions, AI products such as bionic dexterous hands, green products such as photovoltaic curtain walls and complete solutions have been unveiled... More than 32,000 companies have appeared with 4.88 million exhibits, and 64% of the exhibitors have applied new technologies such as industrial Internet and artificial intelligence. The proportion of new products and green products on display reached 23.2% and 26% respectively, both reaching record highs.

In recent years, economic and trade barriers have increased global trade costs, affected the security and stability of global production and supply chains, and economic and trade development has faced great uncertainty. Buyers said that the Canton Fair will effectively connect China's industrial system with global market demand, and China's comprehensive, stable and efficient supply chain is the most precious certainty.

Michael Sherbeck-Jensen, general manager of the Asian region of the Danish F&H Group, who has participated in more than 40 Canton Fairs, said that the Canton Fair has changed from a product procurement platform to a collaborative innovation platform. With the application of AI and other technologies, Chinese product development has accelerated, and Chinese manufacturing has always provided stable supply, rapid iteration, and reliable delivery.

"Most of the suppliers of the member companies of the Chamber of Commerce come from the Canton Fair and have already been long-term partners. The cooperation has entered a new stage of deep collaboration of co-creation and symbiosis." Juan Camilo Basto, director of the Colombia-China Chamber of Investment and Trade, said, "No online platform can replace the Canton Fair. It makes cooperation more confident and friendship more weighty."

Global buyers "vote with their feet" and cast a "vote of confidence" in China's manufacturing, China's foreign trade, and China's supply chain. "Businessmen from five continents cross mountains and seas, convey trust with orders, and interpret consensus with cooperation." said Zhu Yong, director of the China Foreign Trade Center. "We will work with merchants from all over the world to create a smart, green, and cultural Canton Fair, and work together to write a new chapter of openness that is mutually beneficial and win-win."

The high-quality development of China's foreign trade and the expansion and upgrading of China's ultra-large-scale market have brought new development opportunities and greater development space to countries around the world. Since the beginning of this year, China's import and export have grown rapidly, with both quantity and quality rising. In the first three quarters, China's import and export of goods trade reached 39.94 trillion yuan, a year-on-year increase of 18.8%.

"The Canton Fair accelerates the process of win-win cooperation between China and the world." Zhou Mi, a researcher at the Institute of International Trade and Economic Cooperation of the Ministry of Commerce, said that as an effective platform for China to expand high-level opening up and promote the construction of an open world economy, the Canton Fair's long-lasting success fully proves that China's development "benefits and benefits the world."