Global traders remain upbeat about Canton Fair(2)

Transformation and upgrading

The Canton Fair, for example, used to mainly showcase consumer goods, but in recent years, the proportion of intermediate and capital goods on display has increased to 12 percent.

In the machinery exhibition area where capital goods are concentrated, the number of booths has increased by more than 50 percent in the past five years.

Capital goods and intermediate goods are becoming more and more important in the Canton Fair, through which China provides the world with a large number of high-quality products with strong competitiveness and stable supply.

This has helped all countries and regions, especially developing countries, achieve industrialization and enhanced the resilience and stability of industrial and supply chains in the world.

The Canton Fair released on Friday a survey of exhibitors, which showed that more than 80 percent of them know more suppliers through the Canton Fair, 64 percent of exhibitors found more suitable supporting services providers, and 62 percent of exhibitors obtained more efficient production alternatives.

Consumer goods displayed at the Canton Fair are also smarter and greener, showcasing the country's advanced manufacturing level.

The number of exhibitors for sectors such as NEVs, smart transportation, industrial automation, intelligent manufacturing and new-energy materials increased during the current Canton Fair.

There are more than 90,000 intelligent products such as brain-computer interface bionic hands, automatic navigation and transportation equipment, and artificial intelligence (AI) translation machines. More than 50 percent of exhibitors are actively applying digital technologies such as AI and big data analysis to transform production and operation.

Over 1 million new products are expected to be showcased at the first phase of the 135th session of Canton Fair, from Monday to Friday, themed "advanced manufacturing." Of these, 450,000 are green and low-carbon items and more than 250,000 are products with independent intellectual properties, the Global Times learned from the Canton Fair organizer.

The spring Canton Fair is divided into three phases, with the second phase themed "quality home furnishings" from April 23 to 27, and the third phase themed "better life" from May 1 to 5.

A cross-border e-commerce pilot zone and overseas warehouse zone were set up for the first time, with a total exhibition area of 3,000 square meters. A total of 165 e-commerce comprehensive pilot zones are promoted on the Canton Fair online platform.