Sharing developmental opportunities with global community

Canton Fair's success shows China's trade is good for other countries' industrialization

By Zhong Nan and Wang Keju | China Daily | Updated: 2024-05-03 07:14
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A container vessel busy loading in Lianyungang, Jiangsu province. GENG YUHE/FOR CHINA DAILY

On April 15, the first day of the 135th session of the China Import and Export Fair, also known as the Canton Fair, held in Guangzhou, Guangdong province, Yuan Qinshan, chairman of Dayun Group, a Yuncheng, Shanxi province-headquartered auto manufacturer, could not hide his joy.

"We secured export orders for hundreds of pickups and trucks, worth over 60 million yuan ($8.29 million). Most of them will be shipped to the African market. This mega trade show has truly exceeded our expectations," Yuan said.

Ningbo APG Appliance and Technology Co Ltd, a manufacturer based in Ningbo, Zhejiang province, also sealed deals worth nearly $1 million during the first four days of the Canton Fair, with more than 70 percent of these agreements involving new clients.

"Our recently developed fuel heaters garnered significant interest from buyers across various countries, including Lebanon, Norway, Romania and Russia," said Luo Guoding, the company's chairman.

The Canton Fair, which will close on Sunday, attracted 125,440 overseas buyers from 212 countries and regions in its first phase from April 15 to 19, up 23 percent year-on-year, according to data released by the Guangzhou-based China Foreign Trade Center, one of the organizers.

The fair exemplifies China's commitment to sharing developmental opportunities with the global community, said Zhao Ping, dean of the Beijing-based Academy of China Council for the Promotion of International Trade.

Through this and similar platforms like the China International Supply Chain Expo, China provides a wide range of competitive, high-quality products to the global market, aiding in the industrialization of countries, particularly those in the developing world, said Zhao.

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