The grand opening of the 135th China Import and Export Fair, known as the Canton Fair, has breathed new life into China's foreign trade amidst a dynamic economic landscape. This prestigious international trade event serves as a pivotal platform for Chinese enterprises to showcase their strengths and expand their global reach.
In the first quarter of 2024, China's economy demonstrated steady and progressive growth. Primary industries saw stable growth, while secondary industries experienced a significant rise in added value. The robust increase in industrial production, coupled with growth in fixed asset investments and retail sales, highlights the vitality of China's domestic market and the untapped consumption potential that supports the Canton Fair's success.
Despite a complex international economic environment, China's foreign trade remains resilient, with a 5% year-on-year increase in total import and export value during the first quarter of 2024. Both exports and imports have shown steady growth, a testament to the innovation and efforts of Chinese foreign trade enterprises. The optimization and enhancement of China's trade structure have further bolstered this positive trend.
This year's Canton Fair stands out with the participation of high-quality enterprises, including national-level high-tech companies, manufacturing leaders, and innovative \"small giants.\" Their involvement not only elevates the overall quality and influence of the fair but also showcases the transformative and innovative strides of China's manufacturing sector. The exhibition of new products, green technologies, and items with independent intellectual property rights underscores the sector's competitive edge and commitment to sustainability.
Overall, the 135th Canton Fair is set to play a crucial role in advancing China's foreign trade, providing unparalleled opportunities for businesses to connect, collaborate, and thrive in the global market.
Reference(s):
cgtn.com
