As the first session to fully resume onsite exhibition after the shift of China’s COVID-19 response, the 133rd Canton Fair received high attention from the global business community. As of May 4 , buyers from 229 countries and regions attended the Canton Fair online and onsite. Specifically, 129,006 overseas buyers from 213 countries and regions attended the Fair onsite. A total of 55 business organizations attended the Fair, including Malaysia-China Chamber of Commerce, CCI France Chine, and China Chamber of Commerce & Technology Mexico. Over 100 leading multinational enterprises organized buyers to the exhibition, including Wal-Mart from the US, Auchan from France, Metro from Germany etc. Overseas buyers attending online totaled 390,574. Buyers said that Canton Fair has built them a platform to communicate with global enterprises, and it is a “must-go” place. They can always find new products and quality suppliers, and expand new development opportunities in the Fair.
In total, exhibitors presented 3.07 million exhibits. To be more specific, there are over 800,000 new products, about 130,000 smart products, about 500,000 green and low-carbon products, and over 260,000 products with independent intellectual property rights. Also, nearly 300 premiere launches for new products were held.
The exhibition hall of the Canton Fair Design Award displayed 139 winning products in 2022. Nighty fine design companies from seven countries and regions coordinated with the Canton Fair Product Design and Trade Promotion Centre and nearly 1,500 cooperation were placed.
High-end, intelligent, customized, branded and green low-carbon products are favored by global buyers, showing that “Made in China” is constantly transforming to the middle and high end of the global value chain, demonstrating the resilience and vitality of China’s foreign trade.
Export transactions better than expected. The export transactions achieved at the 133rd Canton Fair onsite reached 21.69 billion USD; the online platform witnessed export transactions worth 3.42 billion USD from April 15 to May 4. In general, exhibitors believe that, although the number of overseas buyers onsite is still in recovery, they place orders more eagerly and faster. In addition to onsite transactions, many buyers have also appointed factory visits and expected to reach more cooperation in the future. Exhibitors said that Canton Fair is an important platform for them to understand the market and recognize the trend of global economic and trade development, which enables them to make new partners, discover new business opportunities, and find new driving forces. It’s the “most right choice” for them to participate in the Canton Fair.
More opportunities brought by the International Pavilion. On April 15, Ministry of Finance and other departments published Notice on Tax Preference Policy for Imported Products of the International Pavilion at the Canton Fair in 2023, which has been well received by the international exhibitors. 508 enterprises from 40 countries and regions exhibited in the International Pavilion. Plenty of industry benchmark and international brand enterprises displayed high-end and intelligent, green and low-carbon products that could cater to Chinese market demand. Important delegations achieved fruitful outcome; many exhibitors gained a considerable number of orders. Overseas exhibitors said that the International Pavilion has provided them with a fast track to enter the Chinese market with huge potential, while also helping them to meet a large number of global buyers thus bringing them new opportunities to expand the broader market.
Post time: Jun-01-2023