Jun . 12, 2023 18:41 Back to list

CANTON FAIR HIGHLIGHTS NEW FEATURES OF CHINA

The 130th session of the Canton Fair kicked off on Friday in Guangzhou, the capital city of south China’s Guangdong Province. Launched in 1957, the country’s oldest and largest trade fair is seen as a significant barometer of China’s foreign trade.

This session of the Canton Fair, themed “Canton Fair, Global Share”, features “dual circulation”, as China is building a new development paradigm where domestic and overseas markets reinforce each other, with the domestic market as the mainstay.

China is demonstrating its long-lasting pursuit of innovation, inspiration, and willingness for higher-level opening up at the ongoing China Import and Export Fair, or the Canton Fair, which has grabbed the world’s attention with new products and new paths of development.
Held both online and offline for the first time, the event has attracted about 8,000 enterprises that have set up nearly 20,000 booths at the exhibition center in Guangzhou, capital of south China’s Guangdong Province. More companies were expected to join the event online during the five-day fair from Oct. 15 to 19.

FROM MANUFACTURING TO INNOVATION

As China opens its arms to embrace the global market, Chinese companies face more development opportunities amid fiercer competition. Most of the Chinese factories he knew about have shifted from merely manufacturing to shaping their own brands with core technologies.
Launched in 1957, the fair is seen as a significant barometer of China’s foreign trade. This session of the Canton Fair, themed “Canton Fair, Global Share”, features “dual circulation”, as China is building a new development paradigm where domestic and overseas markets reinforce each other, with the domestic market as the mainstay.
The online events aim to draw more global buyers for export-oriented companies to find new orders, while the offline events invite both domestic and overseas buyers to help Chinese foreign trade companies develop new markets.
The session is a milestone, as it has taken advantage of both domestic and overseas markets and resources, showing China’s determination to promote and build a high level and open world economy.