Visitors learn about product information at the booth. Data shows that in August, the scale of import and export in Guangzhou reached 102.64 billion yuan, breaking the 100-billion-yuan mark for the first time in the year, and has seen positive growth for six consecutive months since March. Among these, new quality productive enterprises have played an increasingly important role, and they have taken the lead at this session of the Canton Fair—Guangzhou's delegation of new quality productive enterprises has reached 336, an increase of 55 from the previous session.
Zhang Jinxin, who has attended the Canton Fair for many years, has a very intuitive experience—her company, Shandong Weida Machinery, mainly produces and sells electric tool components such as "drill chucks." "Our booth has been particularly busy, with a steady stream of domestic and international clients coming to inquire and negotiate. This year, the company's overall performance has achieved a growth of over 60%, and the increase in sales of some high-end products is even more pronounced," said Zhang Jinxin. "At this session of the Canton Fair, many old clients have come to negotiate, with a strong intention to reorder, and the cooperation stickiness of major clients is becoming stronger."
Foreign visitors "drive" an enhanced smart electric tricycle that features fast charging and solar photovoltaic panels.
A variety of wrenches, pliers, and other tools hang on the walls, filling the space... At the booth of Rizhao Hansheng Industrial and Trade Co., Ltd. from Shandong, the person in charge, Cui Weige, and her assistant are busy receiving groups of buyers.
Mr. Kiyanizandeh, a manager of a local chain of professional tool companies from Iran, is negotiating earnestly with Cui Weige at this small booth. Due to insufficient English skills, he took out his mobile phone, opened a translation app, and confirmed everything from the type, size, and price of the tools to the quality of post-production branding and packaging. Kiyanizandeh told reporters that over the past few days, he has visited many tool manufacturers at the Canton Fair, and his notebook is filled with procurement information. He also brought a small stapler to attach the cards of relevant factories at the fair to his notebook.
Professor Liu Yejin from the School of Urban Economics and Public Administration at the Capital University of Economics and Trade analyzed that currently, the world's major economies are entering a period of easing, which will further stimulate global consumer demand and is a favorable international factor for China's foreign trade. On the other hand, the appreciation of the RMB and potential exchange rate fluctuations will also bring some uncertainty. "However, short-term exchange rate fluctuations cannot erase the advantages of Chinese manufacturing, especially in new manufacturing technology and digital technology. China's production capacity and product quality, with the help of domestic economic stimulus policies, can achieve self-upgrading. China's foreign trade has a medium to long-term advantage in exploring broader markets."
