The 134th Canton Fair Reaches New Record High in Exhibition Scale and Builds New Bridges for “Belt and Road” Together

The curtain of the 134th Canton Fair opened, and international merchants flocked to the fair – buyers from more than 200 countries and regions came to purchase, including many “Belt and Road” co-construction countries of the gold miners.

In recent years, the Canton Fair has become an important platform for trade interoperability between the “Belt and Road” countries and China, and has witnessed the prosperous development of trade between Guangdong and the “Belt and Road” countries. In the 134th Canton Fair, many exhibitors and buyers from the “Belt and Road” co-construction countries reached a cooperation intention, and these guests who came from far away can not help but give a thumbs up to “Made in China”.

Over the past ten years, China’s import and export trade with the “Belt and Road” countries has grown rapidly, with the total trade amounting to 19.1 trillion U.S. dollars. The trade volume between China and the countries along the Belt and Road has realized an average annual growth rate of 6.4%, which is higher than the growth rate of global trade in the same period.

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Businessmen from “Belt and Road” go to “Guangjiaoyou”

This year marks the tenth anniversary of the Belt and Road Initiative. Over the past ten years, China has significantly increased its trade volume with the countries along the Belt and Road, and has become the largest source of imports for 74 of these countries. In the current period of accelerated restructuring of the global industrial chain supply chain and frequent instability in the international situation, the trend of diversification of China’s foreign trade structure has become more and more obvious, and many enterprises are taking advantage of the Canton Fair to tap the potential in the markets of the “Belt and Road” co-construction countries.

“Canton Fair is actively practicing the ‘Belt and Road’ initiative, facilitating supply and procurement docking with co-construction countries and helping trade flow. Relying on the Canton Fair platform, many co-built countries have not only procured high-quality and high-priced products from China, but also opened up sales channels for their own specialties in China, realizing mutual benefits and win-win situations.” Guo Tingting, Vice Minister of Commerce, said.

Data show that over the past ten years, the proportion of buyers from the “Belt and Road” co-construction countries has increased from 50.4% to 58.1%. The import exhibition has attracted about 2,800 enterprises from 70 “Belt and Road” countries, accounting for more than 60% of the total number of exhibitors. In this year’s Canton Fair, the number of buyers from the “Belt and Road” countries is expected to reach 80,000, while 391 enterprises from 27 countries will participate in the Import Exhibition.

Undoubtedly, international merchants from the “Belt and Road” are traveling thousands of miles to the “Canton Fair”.

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Benlong Automation Technology Co., Ltd. booth site

During the exhibition, our booth received visitors from all over the world, and their enthusiastic participation and active interaction made this exhibition full of vitality. Although the show was only a few days long, we made many valuable collaborations on site.

We are very pleased to announce that we signed important cooperation agreements with partners from Europe, Asia and North America at the show. These agreements will not only further boost our business, but also bring us more opportunities and challenges.

1 2“The show has come to a successful conclusion and we have managed to showcase a wide range of innovative products, broaden horizons and stimulate new ideas. It was a vibrant and inspiring conversation that not only strengthened the bonds within the industry, but also gave us a deeper insight into the possibilities of the future.

We were honored to host visitors and exhibitors from around the globe, whose enthusiastic participation and active interaction made the show so dynamic. We are very grateful to all the participants, it is your contribution that makes this show lively and interesting, and gives us the opportunity to share and learn various new ideas and advanced technologies.

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Although the show is over, we will continue to carry the spirit of the event into our future endeavors. We look forward to gathering the world’s best and brightest again at the next show to explore and drive the industry forward.

Finally, we wish all exhibitors and visitors another successful show and look forward to our next gathering!”

 


Post time: Oct-19-2023