Canton Fair forges intense business partnership, transactions

The 136th China Import and Export Fair in its second phase has forged intense business partnership and cooperation while generating in a large number of orders and transactions for foreign trade companies, exemplifying the theme of “serving high-quality development, promoting high-level opening-up.”

The exhibition, popularly known as the Canton Fair, is being held in three phases between Oct 15 and Nov 4, and the second phase began on Wednesday.

Themed “serving high-quality development, promoting high-level opening-up,” this edition of the fair features more than 30,000 exhibitors showcasing 1.15 million new products.

Many new companies, products, technologies and business models are making their debuts, attracting 147,000 overseas buyers who have pre-registered for the fair.

At one door lock company in Zhongshan City, some foreign buyers came to the company specifically to learn about its products, production and operation. During the Canton Fair, this company has won the favor of many foreign visitors, especially buyers from some South American countries.

Guo Liaoyang, head of the enterprise’s export department, said the company’s production now focuses on smart manufacturing and will launch customized products based on the needs of buyers.

“For the Brazilian market, we have some related door lock designs. We also have (some products) in Spanish and Portuguese, which can meet the language needs of customers in related markets,” Guo said.   Many foreign business representatives have also been attracted to visit enterprises in Dongguan City. At this Canton Fair, a total of 420 companies from Dongguan participated in the exhibition, with a total of 921 booths.

One AR glasses company from Dongguan has established cooperation with many overseas customers during the exhibition and many foreign guests have visited the enterprise and production line in person.

“Through these several exhibitions, we have also had many opportunities to contact customers, and we have also received many real orders. We are also negotiating for many potential orders from customers,” said Yang Wen’an, director of the company.

Canton Fair forges intense business partnership, transactions

More than 7,800 water conservancy projects are being implemented at an accelerated pace in China with the support of additional bonds issued last year, laying a solid foundation for agricultural production and flood and drought prevention next year.

The Chinese central government issued 1 trillion yuan (about 140.42 billion U.S. dollars) in additional government bonds last year to support the rebuilding of disaster-hit areas and raise the country’s disaster relief capabilities, with a focus on financing water conservancy projects.

Over 100 billion yuan (about 14.04 billion U.S. dollars) has been invested in water conservancy projects in the Beijing-Tianjin-Hebei region, which was hit hard by flooding last year. This accounts for one quarter of the investment for all water conservancy projects nationwide financed by additional treasury bonds.

“China is stepping up implementation of water conservancy projects across the country, with a total of 410.94 billion yuan (around 57.71 billion U.S. dollars) being invested in more than 7,800 projects financed by additional government bonds. Over 15 billion yuan (around 2.1 billion U.S. dollars) has been invested in Hubei, Hunan, Anhui, Sichuan and other provinces in the country,” said Yuan Hao, an official from the Ministry of Water Resources.

China steps up implementation of water conservancy projects backed by additional bonds