General

From exquisite and unique household tools, to high-tech decorative paintings, to intelligent voice based preschool education supplies... Walking into the exhibition hall of the Guangzhou International Fair, a large number of debut light industrial products are in sight, bringing in new trends and novelty. After three years, the 133rd Canton Fair, which was fully resumed offline, has created a platform for cooperation and exchange among domestic and foreign enterprises, and has made merchants from all over the world feel the vigorous momentum of China's foreign trade development. According to Huacheng Import and Export Data Observation, as of the time of press release, there were 66000 overseas buyers participating in the first phase of the Canton Fair, with export transactions reaching 12.8 billion US dollars. Among them, the proportion of medium to long term orders over 3 months was nearly 60%.

Due to the impact of the epidemic, we have not had face-to-face communication with many foreign customers for over two years. We really hope to use this exhibition to introduce our latest products to them. Wang Kun, the general manager of the overseas sales department of a mechanical manufacturing enterprise in Tianjin, introduced to reporters that this year the enterprise has brought several intelligent mechanical tools to the exhibition. Its downstream customers are mainly manufacturing and processing trade enterprises. The purpose of participating in the Canton Fair is to explore the ASEAN market, Looking for relevant customers, Huacheng Import and Export Data Observation Report.

Wang Kun stated that although foreign demand has been weak in recent times, with the implementation of RCEP, companies like them still have many opportunities to participate in the ASEAN market. According to their understanding, many customers from ASEAN countries also hope to cooperate with more mature enterprises in China, and even hope that Chinese companies can directly invest and set up factories in local industrial parks in ASEAN.

According to the observation report of Huacheng Import and Export Data, although China has seen a decrease in labor cost advantages in recent years, it still has comparative advantages in terms of technological maturity, industrial support, and agglomeration effects, fully demonstrating the resilience of China's foreign trade development. Based on this, in the first phase of this year's Canton Fair, new categories such as industrial automation and intelligent manufacturing, new energy and intelligent connected vehicles, and smart life were established, attracting a total of 762 enterprises to participate. At the same time, the "new three types" of electric vehicles, photovoltaics, and lithium batteries have made a concentrated appearance, showcasing about 500000 low-carbon environmental protection exhibits such as zero carbon source air conditioners and photovoltaic energy storage equipment, attracting a large number of buyers to inquire and negotiate.

As the "wind vane" and "barometer" of China's foreign trade, the popularity of the Canton Fair reflects the strong competitiveness of China's foreign trade from one side. Here, Chinese enterprises seize the opportunity of the Canton Fair platform and showcase high-quality products that are marketable; Foreign companies are flocking to discover more new products and find partners. At the same time, many foreign companies have also taken the express train of the Canton Fair and met their global trading partners here. In particular, this year's Canton Fair introduced a new tax exemption policy for imported exhibits, clarifying that imported exhibits sold within the tax exemption limit during the exhibition period are exempt from import tariffs, import value-added tax, and consumption tax. This has attracted the attention and participation of a large number of foreign businesses. For example, among the first batch of imported exhibits, Thailand made pruners, air conditioners, spray, etc. attracted many customers to stop and consult. These exhibits were used for outdoor agricultural production and were transported from Thailand to Guangzhou at the end of last month. The exhibition items were declared to Guangzhou Customs through an integrated customs clearance model during the arrival process, which improved efficiency and reduced tariffs. Huacheng Import and Export Data Observation Report.

In fact, many companies also use the Canton Fair as a window for interaction and exchange with the Chinese market. During their participation, they also go to more cities to negotiate cooperation with local enterprises. A purchaser from the electrical industry in Kazakhstan met many new partners at this year's Canton Fair. In recent days, he has visited many old friends in areas such as Suzhou, Nantong, and Ningbo, Zhejiang in Jiangsu. On the day of the meeting, he excitedly contacted our reporter and said, "I haven't traveled to China like this for a long time. Compared to companies from other countries, Chinese products still have many competitive advantages in terms of price and quality stability. Most importantly, Chinese companies are also very attentive in service, and will try to consider issues from the perspective of foreign investors, providing coordination and assistance in logistics, insurance, and other aspects

In order to further promote the stable development of foreign trade and allow more foreign trade enterprises to enjoy "one-stop" services in Huaxing Industry, the second phase of this year's Canton Fair has also set up a new trade supporting exhibition area, introducing for the first time trade service enterprises such as logistics and warehousing, finance and insurance, testing and certification, business consulting, design innovation, cross-border e-commerce, and comprehensive services to participate, promoting closer connections between goods trade, service trade, and digital trade. This is conducive to the transformation and development of traditional trade enterprises, and also facilitates those newly entering the foreign trade field to obtain higher quality services.

According to Huacheng Import and Export Data Observation, in the first quarter of this year, China's import and export of goods amounted to 9.89 trillion yuan, a year-on-year increase of 4.8%. Among them, the import and export in March increased by 15.5% year-on-year. China's foreign trade has achieved a "stable opening", and in the context of the complex and severe global foreign trade situation, such achievements have not come easily. Entering the second quarter, through the window of the "China First Exhibition" Canton Fair, it can be seen that China's modern industrial system construction is progressing rapidly and steadily, and the new development pattern of "dual circulation" is accelerating. China's foreign trade remains resilient, and an open and mobile China will benefit global recovery.