GUANGZHOU: The 135th session of the China Import and Export Fair, widely known as the Canton Fair, kicked off on Monday with an impressive display of the country’s economic resilience and commitment to global trade.
The event, which will run until 5th May, welcomed over 60,000 international buyers on its first day, with the total number of registered attendees surpassing 149,000 from 215 countries and regions.
The Canton Fair, frequently recognised as the world’s largest trade exhibition, covers an expansive area of 1.55 million square meters. It accommodates 28,600 enterprises participating in the export exhibition and 680 firms in the import exhibition. Buyers from around the world attend the fair with enthusiasm, seeking to discover the newest high-quality products and establish business relationships with Chinese manufacturers, as reported by the Global Times.
Exhibitors emphasised the significance of the Canton Fair in helping enterprises secure global orders, expand their market reach, and strengthen
China’s foreign trade and investment.
The fair also serves as a testament to China’s economic transformation and upgrading. While consumer goods were once the primary focus, the proportion of intermediate and capital goods on display has increased to 12 percent in recent years.
The machinery exhibition area, which showcases capital goods, has seen a 50 percent increase in the number of booths over the past five years. This shift highlights China’s ability to provide the world with high-quality, competitive products and enhance the resilience and stability of global industrial and supply chains.
Moreover, the Canton Fair has embraced digitalisation and sustainability, with over 50 percent of exhibitors actively applying digital technologies such as AI and big data analysis to transform production and operation. The event is expected to showcase more than 1 million new products, including 450,000 green and low-carbon items and over 250,000 products with independent intellectual properties.
Source: Emirates
News Agency