Core Insights - The 138th China Import and Export Fair, also known as the Canton Fair, opened on October 15 in Guangzhou, showcasing a record number of exhibitors and exhibition space, reflecting the resilience and growth of China's foreign trade [1][4]. Group 1: Exhibition Highlights - The exhibition covers a total area of 1.55 million square meters with 74,600 booths and over 32,000 participating companies, marking historical highs [1]. - Approximately 3,600 companies are making their debut at this year's fair, indicating strong interest and participation [1]. - The fair is divided into three phases focusing on "Advanced Manufacturing," "Quality Home Furnishings," and "Better Life" themes [1]. Group 2: Trade Performance - In the first three quarters, China's total goods trade import and export reached 33.61 trillion yuan, a year-on-year increase of 4% [3]. - Exports of mechanical and electrical products reached 12.07 trillion yuan, growing by 9.6%, with high-tech products like electronic information and high-end equipment seeing significant growth [3]. Group 3: Attractiveness of the Fair - The fair's appeal is bolstered by government support through reduced exhibition fees, customs facilitation, and tax incentives, which lower costs for participating companies, especially small and medium-sized enterprises [1][2]. - The fair serves as a global procurement platform, effectively connecting emerging and traditional market demands [2]. - Digital transformation initiatives have expanded trade boundaries, creating a continuous trade ecosystem through an online-offline integration model [2]. Group 4: Economic Signals - The fair is viewed as a "barometer" for China's foreign trade and a reflection of the country's economic resilience amid global uncertainties [3][4]. - The participation of numerous high-quality enterprises and innovative products at the fair indicates an ongoing improvement in the quality and efficiency of China's foreign trade [3]. - The fair highlights the shift towards high-value-added products and the diversification of markets, with emerging markets contributing significantly to trade growth [5].