从广交会看中国外贸韧性

Core Insights - The 138th Canton Fair has set historical records with an exhibition area of 1.55 million square meters, a total of 74,600 booths, and over 32,000 participating enterprises, signaling strong resilience in China's foreign trade [1] - In the first three quarters of the year, China's total import and export volume reached 33.61 trillion yuan, a year-on-year increase of 4%, reflecting the robust performance of China's economy [1] Group 1: Structural Changes in Foreign Trade - The fair featured over 10,000 high-quality enterprises recognized for their advanced technology and specialization, accounting for 34% of the total export exhibitors, indicating a shift from quantity growth to quality improvement in China's foreign trade [1] - More than 1 million new products and nearly 1.1 million products with independent intellectual property rights were showcased, including over 350,000 smart products and over 1.08 million green and low-carbon products, demonstrating China's ascent in the global value chain [1][2] Group 2: Global Engagement and Market Diversification - The presence of large purchasing groups from Brazil and leading EU companies at the fair highlights the stability of China's supply chain and the innovative nature of its products, which continue to attract global customers [2] - The fair added 18 new global partners, bringing the total to 227, covering 110 countries and regions, with a notable increase in pre-registered foreign buyers from Belt and Road Initiative countries [2] - In the first three quarters, trade with Belt and Road countries reached 17.37 trillion yuan, a growth of 6.2%, accounting for 51.7% of China's total foreign trade, showcasing successful market diversification [2] Group 3: Optimizing Business Environment - The fair provided a 50% reduction in booth fees and free online services for over 5,000 participating enterprises, reflecting China's commitment to improving the business environment through institutional openness and precise services [3] - Guangzhou introduced measures such as direct access for foreign bank cards on the metro and a tax refund area within the exhibition hall, which are indicative of efforts to create a market-oriented, law-based, and international business environment [3] Group 4: Resilience Amid Global Challenges - Despite ongoing global protectionism and geopolitical conflicts, the gathering of businesses at the fair and the increasing import-export growth rate indicate that China's foreign trade resilience stems from continuous innovation, flexible market strategies, and a firm commitment to openness [4] - The evolution of China's foreign trade from being the "world's factory" to an "innovation source" reflects its adaptability in the restructuring of global trade dynamics [4]