Breaking
ITMedia, Netanyahu calls security meeting on Iran and attacksFRFonderie de Bretagne officially placed in liquidation, 244 employees made redundantDERussia: Editor-in-chief of Novaya Gazeta arrested after searchTRBREAKING NEWS: Üsküdar Deputy Mayor Dündar Ziya Gültekin passed away! Who is Dündar Ziya Gültekin, how old was he?TRThe application date for the Çukurova Story Award has been extended: This year's theme is 'urban transformation'GLOBALJim Cramer's top 10 things to watch in the stock market ThursdayGLOBALTreasury yields slide as investors flee to safety of bonds amid tech routBRPublic competitions: Piauí has ​​more than 200 vacancies open in October; see registration deadlinesTR22 testimonies of shooting at detainees in Israeli prisons have been documentedEUEx-DUP chief in Northern Ireland given 15-year prison term for sexually abusing girlsITMedia, Netanyahu calls security meeting on Iran and attacksFRFonderie de Bretagne officially placed in liquidation, 244 employees made redundantDERussia: Editor-in-chief of Novaya Gazeta arrested after searchTRBREAKING NEWS: Üsküdar Deputy Mayor Dündar Ziya Gültekin passed away! Who is Dündar Ziya Gültekin, how old was he?TRThe application date for the Çukurova Story Award has been extended: This year's theme is 'urban transformation'GLOBALJim Cramer's top 10 things to watch in the stock market ThursdayGLOBALTreasury yields slide as investors flee to safety of bonds amid tech routBRPublic competitions: Piauí has ​​more than 200 vacancies open in October; see registration deadlinesTR22 testimonies of shooting at detainees in Israeli prisons have been documentedEUEx-DUP chief in Northern Ireland given 15-year prison term for sexually abusing girls
BackFrom Liuhua to Pazhou: Seventy Years of Changes in the Eyes of "Old Cantonese"
From Liuhua to Pazhou: Seventy Years of Changes in the Eyes of "Old Cantonese"
NEWS
中国新闻网53 minutes agoBusiness4 min readChinaView original

From Liuhua to Pazhou: Seventy Years of Changes in the Eyes of "Old Cantonese"

The 140th Canton Fair opens, reviewing the 70-year development history of the Canton Fair and the industrial upgrading of China's manufacturing industry

Quick Look

  • The 140th Canton Fair opened in Pazhou, Guangzhou, exhibiting new energy storage and smart technology products.
  • Through the theme exhibition "70 Years of Canton Fair in the World" and exhibitors' memories, the industrial upgrading process of the Canton Fair from the early export of agricultural and sideline products to today's high-tech manufacturing is demonstrated.

AI-generated summary

Why It Matters

The Canton Fair was founded in 1957 and is the main channel for China's foreign trade. From the original Liuhua Exhibition and Trade Center to today's Pazhou Complex, we have witnessed the tremendous changes in the structure of China's foreign trade products.

Font size

The 140th Canton Fair was held in Pazhou, Guangzhou on the 15th. In the exhibition hall, new energy storage, embodied intelligence, smart medical and other technological products were eye-catching. On that day, the "70 Years of Cantonese Trade in the World" themed exhibition opened simultaneously at the Guangzhou Liuhua Exhibition and Trade Center. Guangcai porcelain coffee sets, "Triangle" rice cookers, "Dongfeng" watches... each old object strung together the memory of China's foreign trade across the ages.

In April 1957, the first Canton Fair was held at Liuhua Exhibition and Trade Center (formerly Guangzhou Sino-Soviet Friendship Building). Paper umbrellas, clogs, bamboo weaving, lacquerware, olive carvings and other products became popular goods. In 1999, at the 86th Canton Fair, mechanical and electrical products ranked first in terms of transaction volume. In today's Canton Fair, consumer electronics have become the absolute main attraction.

Three generations of Li Zhifeng, deputy secretary-general of the Hong Kong Chinese Import and Export Chamber of Commerce, have participated in the Canton Fair. His grandfather Li Huan took a coal-fired train from Hong Kong to Guangzhou to attend the first Canton Fair. He has continued to participate in the exhibition since then, allowing Chinese brands to go global.

"My grandpa once said that in the early years, we would sell whatever good products China had. We would often take orders with the left hand and transfer orders with the right hand." Li Zhifeng told reporters that he and his grandpa attended the Canton Fair for the first time when he was 18 and witnessed the changes in China's exhibits. "What I saw at first were products processed from supplied materials. Later, Chinese companies gradually designed good products. Now many new products are things we have never seen overseas."

With the changes of the times, the role of Hong Kong buyers in the Canton Fair has also quietly changed, from a transit station for "borrowing overseas" in the early days to a "super connector" with deep participation and two-way docking. Behind this is the industrial upgrading of China's manufacturing industry from "selling products" to "selling capabilities" and "selling ecology".

"Hong Kong buyers can use their own advantages to understand the actual needs of each country, and then connect with mainland suppliers to play the role of super contact." Li Zhifeng said.

Since its inception, the Canton Fair has quickly become the main channel for China's foreign trade. After the reform and opening up, the number of exhibitors at the Canton Fair has grown rapidly. A large number of well-known national brands such as Haier and Midea have obtained overseas orders from the Canton Fair and entered the international market. Entering a new era, foreign trade companies of different types and ownership compete on the same stage at the Canton Fair.

As a long-established foreign trade company, Qingchu Company, a subsidiary of Guangzhou Light Industry Group, has never been absent from the Canton Fair since its establishment in 1956. Its exhibits have expanded from light industrial products to hardware, building materials and other bulk commodities, with annual import and export volume exceeding US$700 million.

Zhai Hui, deputy general manager of Qingchu Company, said that the popularity of the Canton Fair has brought a lot of opportunities to new companies and also contributed to considerable orders. "Many of our big customers got to know each other at the Canton Fair, and some have been working together for nearly 20 years. They don't even need to go to the factory, and they place orders worth hundreds of thousands of dollars directly."

John Anton Creamer, executive director of Germany's Rosenberg Group, is also an "old Canton Fair". He participated in the Canton Fair for the first time in 1989 and has participated in more than 50 exhibitions so far, witnessing the development of the Canton Fair for more than 30 years. "The exhibits at the Canton Fair have undergone earth-shaking changes. Now we see electronic products and robots, and the products are becoming more and more intelligent." John Anton Creamer said that the company exports about 6,000 containers from China every year, with a total value of more than 200 million US dollars.

This year coincides with the 70th anniversary of the founding of the Canton Fair. From Liuhua Road to Pazhou, from agricultural and sideline products to robots and drones, the changes in the exhibits at the Canton Fair are the epitome of China's manufacturing from "following" to "leading".

Open Questions

  • How will the Canton Fair further promote digital transformation in the future?

Related Topics

This article was originally published by 中国新闻网.

Related Stories

Is the memory really bad? SK Hynix ADR crashes before market opening, Micron suffers bloodbath
Developing·

Is the memory really bad? SK Hynix ADR crashes before market opening, Micron suffers bloodbath

Global memory stocks have faced heavy selling pressure recently, with the stock prices of SK Hynix, Samsung and Micron falling significantly. The market is worried that China's Changxin memory technology will break through to seize market share, and there are rumors that a memory oversupply crisis may break out in 2029, putting the AI-driven memory super cycle to the test.

自由时报
3 min read
Jianghuai Canal shipping hub capacity achieves major upgrade
Business·

Jianghuai Canal shipping hub capacity achieves major upgrade

The Shushan double-track ship lock that diverts the Yangtze River to Huaihe River started trial operation on October 15. The ship lock is located in Anhui Province and is connected in parallel with the first-line ship lock. It will greatly improve the efficiency of 1,000-ton ships passing through the lock and help upgrade the shipping capacity of the Jianghuai Canal, China's second major north-south water transport channel.

中国新闻网
2 min read
Second anniversary of the implementation of the "Six Rules on M&A": The Shanghai Stock Exchange's main board restructuring continues to "evolve"
Business·

Second anniversary of the implementation of the "Six Rules on M&A": The Shanghai Stock Exchange's main board restructuring continues to "evolve"

In the two years since the "Six Mergers and Acquisitions" were released, the Shanghai Stock Exchange's main board has seen frequent restructuring activities. Data shows that the Shanghai Main Board has disclosed a total of 117 major asset restructurings and more than 1,200 non-major cash restructurings. Capital injections by central state-owned enterprises and normalized industrial mergers and acquisitions have become the core driving force for promoting the quality improvement and industrial upgrading of listed companies.

中国新闻网
3 min read
The Autumn Sugar Fair has settled in Nanjing for the third time: Facing the young market, wine companies collectively "just get a little tipsy"
Business·

The Autumn Sugar Fair has settled in Nanjing for the third time: Facing the young market, wine companies collectively "just get a little tipsy"

The 115th National Sugar and Wine Fair kicked off in Nanjing. Faced with the generational change in consumption, wine companies have been promoting the "lowering" of products and expanding the "slight drunkenness" scenario to cater to the drinking needs of young consumers from "pleasing others" to "pleasing themselves", and promoting the systematic reconstruction of the industry from product logic to consumption scenarios.

中国新闻网
3 min read
More on this topicCanton Fair