Guangdong and GBA enterprises seize moment to capture foreign trade

On the Agenda

The 135th China Import and Export Fair, also known as the Canton Fair, opened this week in Guangzhou, Guangdong province, and is showcasing nearly 5,440 local enterprises. These companies represent approximately 19% of total exhibitors and occupy 21.4% of the exhibition space.

This fair serves as a significant platform for these businesses to connect with international markets, particularly highlighting Guangdong’s role within the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) in fostering economic and trade development.

Companies such as Foshan Huibaisheng Laser Technology and Guangdong Zilink Aero Technology are among those capitalizing on the opportunity to expand their international presence. Foshan Huibaisheng has reported an increase in orders from the European and American markets due to its advancements in laser technology. Meanwhile, Guangdong Zilink Aero Technology, initially focused on aviation engines, is now exploring the drone market and sees the Canton Fair as a pivotal event for entering global markets.

According to China Daily, the fair also emphasizes the GBA’s push towards innovation with a focus on emerging industries like low-altitude economy, new energy, and humanoid robotics. These sectors are presenting new technologies and products, aiming to attract global investors and partners.

As cited by state media, Governor Wang Weizhong of Guangdong province stated that the fair is integral to achieving the province’s annual economic and social development goals. He emphasized the fair’s role in stabilizing foreign trade, attracting investment, and enhancing consumption within the region.

This year, the fair “is not only a trading hub but also a demonstration of Guangdong’s strategic initiatives to improve trade efficiency and expand into new markets.” 

The region’s focus on developing export-oriented industrial clusters is expected to bolster its economic standings and contribute to China’s overall growth in foreign trade.

The Premier symposium

On Wednesday, Chinese Premier Li Qiang held a symposium with overseas buyers attending the Canton Fair.

Overseas buyer representatives spoke about their experience in strengthening cooperation with China through the Canton Fair, noting that the fair has long played an important role in promoting trade exchanges and friendly relations between China and other countries.

They also put forward opinions and suggestions on developing the circular and green economies, on optimizing the business environment in China, and on strengthening people-to-people exchanges between China and foreign countries.

Li said he appreciates their long-term, active participation in the Canton Fair, as well as their vigorous economic and trade cooperation with China. He noted that many overseas enterprises have made connections with China through the Canton Fair, and have grown stronger along with China’s development.