GUANGZHOU, China, Nov. 6, 2023 /PRNewswire/ — With resounding success and unwavering resilience, the 134th China Import and Export Fair (“Canton Fair”, “the fair”) came to an end on the 4th November in Guangzhou, with the online platform working perfectly. “Through its pivotal role in promoting the stability and optimal structure of foreign trade, the fair, which has drawn widespread praise for its remarkable achievements, accelerates the advancement of an open world economy,” said Xu Bing, spokesperson and general director. deputy of China Foreign Trade Center.
The fair, a remarkable mix of online and offline experiences, attracted a significant number of buyers from around the world, from 229 countries and regions, until November 3. 197,869 buyers attended the fair on site, which represents an increase of 53.4% compared to the previous session. 63.9% of foreign buyers, or 126,343, came from countries that are jointly building the Belt and Road Initiative. 165 leading multinational companies organized buyers to visit the fair, including Wal-Mart, Tesco, Aldi and AEON.
At the fair, exhibitors have presented an impressive total of more than 2.75 million items through the online platform. This diverse range includes more than 700,000 new products, approximately 110,000 cutting-edge smart products, more than 430,000 environmentally sustainable and low-carbon items, and approximately 230,000 independently patented products. In addition, the fair hosted nearly 400 exclusive product launches.
The Canton Fair has reached a total offline export transaction volume of 22.3 billion U.S. dollars, with brand enterprises contributing 6.35 billion U.S. dollars. In addition to signing orders on site, buyers also make follow-up appointments to visit factories and workshops and evaluate production capacity, which means the anticipation of further cooperation in the future.
The Canton Fair has been a driving force for global economic growth, with 61 global promotion and networking events “Trade Bridge” and 21 thematic forums. The Trade Promotion and Product Design Center (PDC) of the fair hosted 91 design companies from 8 countries and regions to hold design meetings.
After the closure of the Canton Fair, the online platform will continue to offer its services throughout the year. The Fair will also host a series of commercial and industry-focused activities, designed to meet supply and sourcing demands. For more information, please visit the Canton Fair official website https://www.cantonfair.org.cn/en-US/posts/646531331412942848 or contact caiyiyi caiyiyi@cantonfair.org.cn.
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