Core Insights - The 138th Canton Fair will see companies like Beifa Group and Lek Electric participating fully for the first time, showcasing a significant increase in new product offerings and attracting over a hundred buyers from regions including Europe, America, and Southeast Asia [1][3]. Group 1: Company Participation and Growth - Beifa Group has been participating in the Canton Fair for 32 years, evolving from a mobile booth to multiple booths across all phases of the fair, reflecting its growth [2]. - Lek Electric anticipates a 10% increase in new product displays compared to the previous fair, indicating a strong commitment to innovation and market presence [1][3]. Group 2: Importance of the Canton Fair - The Canton Fair serves as a vital platform for foreign trade companies, enabling them to connect with global buyers and secure significant orders, with Beifa Group reporting over ten million USD in inquiries annually [3]. - The fair is not only a trade platform but also a brand showcase and industry trend indicator, helping companies enhance their brand image and international influence [3]. Group 3: Product Innovation and Market Expansion - Lek Electric's innovative products, such as the three-in-one vacuum cleaner, have garnered attention and significant orders, demonstrating the direct correlation between technological innovation and market competitiveness [3][4]. - The fair has also been a source of inspiration for new market opportunities, as seen with Lek Electric's development of products tailored for tropical climates based on market demand insights [4]. Group 4: Support for Export Enterprises - The Canton Fair has adapted to challenges such as the COVID-19 pandemic by implementing online and hybrid exhibition formats, ensuring continued support for foreign trade enterprises [5]. - The 138th Canton Fair will continue to reduce booth fees for export exhibitors, benefiting over 5,000 companies and facilitating their international market expansion [5]. Group 5: Upcoming Innovations and Exhibits - Beifa Group plans to showcase a range of AI-driven products, including smart translators and smart glasses, while Lek Electric will present upgraded cleaning appliances and multifunctional water purification systems [6]. - Over 31,000 companies are preparing for the fair, highlighting its status as a premier exhibition and the ongoing commitment to innovation and collaboration in the global economy [6].

Core Insights - Guangzhou's exhibition industry has evolved from a single prominent event to a diverse array of exhibitions, becoming a crucial engine for economic development and a platform for industrial upgrades [2][4][5] Industry Overview - Guangzhou is recognized as an international trade center and a national advanced manufacturing base, with a complete ecological chain formed by 35 industrial categories and six trillion-level advanced manufacturing clusters [2][4] - The exhibition industry in Guangzhou ranks second nationally and has maintained its competitive edge as the top among provincial capital cities for several years [5] Recent Developments - From January to August this year, Guangzhou's key exhibition venues hosted 195 exhibitions, attracting over 8.36 million participants [4][5] - The "Exhibition-Industry Integration and Global Synergy" event held on August 27 featured major domestic and foreign exhibition companies, fostering collaboration and innovation in the exhibition industry [4][6] Future Prospects - The Guangzhou government plans to enhance the exhibition industry's high-quality development by establishing legislative frameworks, improving logistics and customs services, and nurturing globally influential industry benchmark exhibitions [6][8] - The city aims to explore a new development path that promotes industrial growth through exhibitions, aligning with the "12218" modern industrial system [6][7] Strategic Initiatives - The establishment of a "one industry, one exhibition" brand system is intended to create a collaborative ecosystem involving government, partners, industry entities, and service organizations [4][6] - The integration of artificial intelligence into the exhibition sector is being pursued to develop "smart exhibitions" and support policies to boost the exhibition economy [8]