Core Insights - The eighth China International Import Expo (CIIE) is witnessing increased participation from overseas small and medium-sized enterprises (SMEs), with a focus on "small and beautiful" products that are gaining popularity among Chinese consumers [1][3]. Group 1: Australian Participation - The Australian Trade and Investment Commission is participating for the seventh time, showcasing over 160 Australian companies in a 1,000 square meter exhibition area [1]. - Australian SMEs are leveraging the expo to enhance brand visibility and promote exports of high-quality products such as fresh food, fruits, and health supplements to China [1]. - The Australian government is committed to supporting SMEs by providing policy interpretation and resource connection services to facilitate their entry into the Chinese market [1]. Group 2: South Korean Participation - The Korea SMEs and Startups Agency is participating for the third consecutive year, with 36 SMEs presenting over 100 products, including cosmetics and health products [1]. - A South Korean cosmetics company specializing in hand and foot masks achieved sales of 20 million RMB at the previous expo, indicating strong market interest [1]. - As of now, 11 South Korean companies have established a presence in China through the expo, with aspirations to enhance cooperation in sectors like automotive parts and biomedicine [1]. Group 3: Canadian Participation - The Canadian Exhibition and Trade Association has expanded its exhibition area from 72 square meters to 163 square meters, featuring over 100 products including maple syrup and wine [3]. - The number of Canadian companies participating has steadily increased from 60 in 2018 to 112 expected by 2025, reflecting the expo's positive reputation [3]. - Canadian enterprises have signed nearly 60 contracts with Chinese partners during this year's expo, showcasing the growing collaboration between the two markets [3].

Core Viewpoint - The phenomenon of "zero-kilometer used cars" has gained significant attention following criticism from Great Wall Motors' chairman, highlighting its prevalence in the industry and its implications for sales reporting and market integrity [1][4][9]. Group 1: Industry Impact - Many domestic car manufacturers have reportedly used zero-kilometer used cars to inflate sales figures, aiming to meet monthly and quarterly targets [1][4]. - The Ministry of Industry and Information Technology (MIIT) is considering a policy to prohibit the sale of used cars within six months of new car registration to combat this practice [1][10]. - The prevalence of zero-kilometer used cars has led to a distorted market, where new car sales are negatively impacted, creating a vicious cycle that pressures manufacturers to resort to such tactics [6][9]. Group 2: Market Dynamics - Data from the China Automobile Circulation Association indicates that vehicles registered within three months and with mileage under 50 kilometers accounted for 12.7% of the used car market in 2024, underscoring the scale of zero-kilometer used cars [6][9]. - The practice has also affected the profitability of dealerships, with over 40% of dealers reporting losses and a significant number of used car trading platforms going bankrupt [9][12]. - The zero-kilometer used car issue has implications beyond China, as it allows for the circumvention of high tariffs on new cars when exported as used cars, prompting international scrutiny and policy responses [8][9]. Group 3: Regulatory Responses - The proposed regulations by MIIT aim to reduce the market share of zero-kilometer used cars, although it is acknowledged that such measures may not completely eliminate the practice [10][12]. - The industry is urged to focus on healthy market practices, including better regulation of sales processes and reducing the pressure on dealerships to meet unrealistic sales targets [22][10]. - The ongoing discussions and regulatory efforts reflect a broader recognition of the need for a sustainable automotive market, moving away from reliance on artificial sales boosts [17][22].