Canton Fair; Reflecting the new opportunities of world trade in China's qualitative development

The 140th edition of the China Import and Export Fair (Canton Fair), which opens this week in Guangzhou, is a clear testimony to the fact that China's efforts to achieve innovative growth and qualitative development continue to bring new opportunities to the world.

During the past seven decades, the Canton Fair has acted as a symbolic window; The portal through which the world got to know China and China has expanded its connections with the world. Today, this exhibition clearly shows how the world's second largest economy, with its size, openness, dynamism and resilience, creates stability and confidence in a turbulent world.

As Xi Jinping, the President of the People's Republic of China, emphasized in his congratulatory message to this exhibition on Wednesday, China is ready in the new international conditions to protect the multilateral trade system with the cooperation of all countries, guarantee the stability and stability of the world's supply and industrial chains, expand the space for win-win economic cooperation, and help promote inclusive and beneficial globalization, so as to inject a new driving force into global development and prosperity.

More than 32,000 companies are present at this year's exhibition, and in addition to 11,000 collections, they are among the producers of advanced and specialized industries. Also, nearly 64% of exhibitors use new technologies such as artificial intelligence and industrial internet.

The change in the nature of the goods offered in this exhibition is indicative of the fundamental economic changes. While textiles, handicrafts and low-cost consumer goods used to dominate the event, now audio and energy storage, smart medical equipment and "embodied artificial intelligence" stand out. Chinese manufacturers no longer compete solely on cheap labor, but on technology, product sophistication, and industrial efficiency.

Economic statistics show that this evolution is advancing rapidly. China's foreign trade in the first three quarters of this year (in terms of yuan) recorded an 18.8 percent growth compared to the same period last year. The producer price index rose 5 percent in September, while consumer prices rose 0.9 percent.

What is most important is the simultaneous combination of trade expansion, investment in technology and the evolution of industrial capabilities. The transformation on the supply side is particularly impressive; The 26th China International Industry Expo, which opened in Shanghai on Monday, attracted more than 3,200 companies from 24 countries and regions, and nearly 300 advanced technologies and products will be unveiled. By 2028, Shanghai plans to develop about 500 advanced smart factories and employ 8,000 humanoid robots in production lines.

These goals represent an important economic mechanism. China's extensive industry and supply chains enable the rapid transfer of innovations from the laboratory to the commercial production stage. Dense networks of suppliers, engineers, manufacturers, and logistics service providers minimize testing costs and scale-up production. Large-scale production, in turn, creates experience, reduces costs, and provides the necessary financial resources for further innovation.

This process creates a self-reinforcing cycle: technological advances improve production efficiency; Higher productivity makes new products more cost-effective; And the vast domestic market provides the necessary demand and feedback to modify and improve them. The result of this cycle is the emergence of a highly advanced and complex industrial ecosystem. This dynamic is also seen in the growing popularity of the "China Haul" phenomenon; Where foreign tourists fill their luggage with electronics, smart devices and modern Chinese goods. Products developed for a highly competitive domestic market are now gaining traction internationally, with Chinese consumers helping to evolve products that have a chance of global success.

This dynamic interaction between supply and demand is the point that distinguishes the Chinese market. China's industrial system offers foreign businesses valuable opportunities to source parts, develop technology, and produce efficiently; Its consumer market provides an opportunity to sell products and services; And its innovation ecosystem is the basis for participation and investment.

The transformation process of the Canton Fair shows that China is providing wide access to its efficient economic system to the world; A system where innovation, production and consumption feed each other in a complementary way. As Chinese Premier Li Qiang said in the opening speech of the exhibition, China, which is becoming more open, innovative and reliable day by day, will bring new opportunities, new growth drivers and more confidence to the world.