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Insight into the vitality of China's foreign trade at the Canton Fair (People's Review)

Roxanne
May 17, 2024 06:41 | Source: People's Daily
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Through the "foreign trade vane" of the Canton Fair, we can see that China's foreign trade is constantly emerging new growth points. "Made in China" is taking the development of new quality productivity as the lead, and transforming towards high-end, intelligent and green direction

  

To observe China's foreign trade, the Canton Fair is an important wind vane. "On the first day, we won an intentional order of US $16 million" "Two salesmen have led the customer back to the Ningbo factory for inspection" "We have received 279 business cards in total, and an old European customer signed an order of US $200000 on site"... On May 5, the 135th Canton Fair ended successfully, and buyers from all over the world cast a vote of confidence in "Made in China".

Since the opening on April 15, 246000 overseas purchasers from 215 countries and regions have participated in the conference offline, an increase of 24.5% over the previous session, a record high. The offline exports of the current Canton Fair reached US $24.7 billion, and the online platform exports reached US $3.03 billion, up 10.7% and 33.1% respectively from the previous session. Against the background of sluggish recovery of the world economy, the Canton Fair with hot negotiations and outstanding achievements reflects the resilience and vitality of China's foreign trade. Through the "foreign trade vane" of the Canton Fair, we can see that China's foreign trade is constantly emerging new growth points. "Made in China" is taking the development of new quality productivity as a guide, transforming towards high-end, intelligent, green direction, and climbing towards the middle and high-end of the industrial chain value chain.

Innovation driven, advanced manufacturing moves towards the high-end market. At the Canton Fair, the machinery and equipment exhibition area was further expanded, and high-end machine tools, marine and marine engineering equipment, aerospace equipment and other related products were particularly eye-catching. These innovative achievements that can radiate the whole industry chain can not only provide one-stop technical solutions for some enterprises, but also meet the demand for upgrading subdivided parts. Taking UAVs as an example, an enterprise in Guangdong has independently developed a number of oil electric hybrid UAVs, and has developed a rich product line for different scenarios and different needs such as heavy load plant protection and flight prevention, forest fire fighting and fire extinguishing, and mountain lifting transportation. At this Canton Fair, the R&D investment of more than 10000 exhibitors accounted for more than 10% of the total sales revenue. Through the Canton Fair and other platforms, China has provided the world with a large number of high-quality and stable products, which has enhanced the resilience and stability of the regional and global industrial chain supply chain.

Intelligence is the key, and digital technology leads the new trend. Through the Canton Fair, we can see that China's export products are transforming and upgrading towards digital and intelligent. Five fingers can "move with your heart", intelligent bionic hand with brain computer interface, deformable TV that can be straight and flexible, and intelligent translation machine that can recognize 85 languages. This Canton Fair has gathered 100000 intelligent products, and more than 50% of the exhibitors actively apply digital technology to improve production and operation. Take robots as an example, there are sweeping robots, automatic mowing robots, and high-altitude curtain wall cleaning robots in the household field; In the field of industrial robots, China is also an important exporter and application market. Promoting the deep integration of the digital economy and the real economy, and seizing the commanding heights of future scientific and technological innovation will continue to promote new industries, new models, and new drivers, and inject new vitality into high-quality development.

In a green future, low-carbon and energy-saving products are very popular. At present, more than 130 countries and regions have proposed the goal of carbon neutrality, and green trade has become a new engine for future global trade growth. 100% natural degradable tableware made of bagasse, color changing down jacket made of recyclable plant corn... 400000 green low-carbon products were exhibited at the Canton Fair, attracting wide attention and favor. The results of green trade show that China is an important participant, contributor and leader in the construction of global ecological civilization, making great contributions to the sustainable development of the world, and will continue to lead the green and low-carbon transformation of the world.

In the Canton Fair, you can clearly feel that the innovative advantages of "Made in China" are accelerating to form. China has maintained its position as the largest country in goods trade for 7 consecutive years, and its export has been the first in the world for 15 consecutive years. The foundation of comprehensive competitive advantage in foreign trade is solid. Cultivate new growth points of foreign trade, and constantly move towards the middle and high end of the industrial chain value chain. China will inject more new momentum into the growth of global trade and investment.

People's Daily (May 17, 2024, Version 08)

(Editor in charge: Bai Yu, Qu Yuan)

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