Core Insights - The 137th China Import and Export Fair (Canton Fair) concluded with record-breaking attendance of foreign buyers and export transaction intentions, highlighting its role as a global market access platform [1] - Guangdong province, as China's largest economy and foreign trade province, has maintained a significant share of national foreign trade, accounting for approximately one-fifth of the total for 39 consecutive years [1] - In Q1 2024, Guangdong's total foreign trade import and export volume reached 2.14 trillion yuan, a year-on-year increase of 4.2%, surpassing the national growth rate of 2.9% [1] Group 1: Trade Performance - In 2024, Guangdong's foreign trade import and export volume is projected to reach 9.11 trillion yuan, representing a growth of 9.8% compared to the previous year, contributing to 38.7% of the national trade increment [3] - The province's foreign trade structure is being optimized through the implementation of the "Five External Linkages" strategy, aimed at stabilizing trade scale and enhancing quality [4] Group 2: Business Development - Companies like Gu Xiou Leather Co., Ltd. have successfully expanded their international customer base through the Canton Fair, establishing stable distribution networks across South America, Russia, Eastern Europe, and Southeast Asia [2] - The Guangdong government is focusing on developing key export industry clusters in electronics, modern light industry, smart home appliances, and new energy storage, among others [4] Group 3: Market Diversification - Guangdong has effectively reduced reliance on single markets by deepening trade cooperation with ASEAN, the EU, Africa, and Latin America, which has provided risk buffers for businesses [7] - The province's trade with ASEAN reached 349.43 billion yuan in Q1, marking a growth of 6.9%, maintaining ASEAN as Guangdong's largest trading partner [7] Group 4: Innovation and Technology - Companies like Skyworth Group have transitioned from traditional manufacturing to a global technology ecosystem, focusing on smart appliances and innovative product development [5] - The use of advanced technologies such as AR and AI in manufacturing processes is enhancing product quality and international competitiveness [5] Group 5: Local Initiatives - The "Lion Plan" launched by Foshan aims to build a comprehensive foreign trade service system to address challenges in high-quality trade development [6] - Dongguan is actively promoting foreign trade stability through initiatives that encourage participation in international exhibitions and the establishment of cross-border e-commerce centers [8]
“五外联动”闯新路 粤企出海创佳绩