Core Insights - The recent events, including the 2025 Lianjiang Home Appliance Autumn (Guangzhou) Expo and the 138th Canton Fair, have attracted numerous domestic and international merchants to Lianjiang for collaboration and development exploration [1][2] Group 1: Company Highlights - Guangdong Huachang Electric Group, a leading home appliance manufacturer in Lianjiang, has welcomed many foreign merchants to its factory, showcasing its extensive product range [1] - A buyer from Indonesia expressed interest in a high-end, zero-coating smart rice cooker, with plans to order 100,000 units annually [1] - The company has received visits from merchants from countries such as the UAE, Sri Lanka, and Bangladesh, indicating strong international interest in its products [1] Group 2: Industry Performance - Guangdong Tianying Electric Technology Co., known for its espresso machines and coffee pots, has gained significant traction at recent trade fairs, achieving both export and domestic sales success [2] - The Lianjiang Industrial Cooperation Innovation Center has effectively attracted a large number of merchants for product selection and orders, enhancing Lianjiang's visibility [2] - The 2025 Lianjiang Home Appliance Autumn Expo generated approximately 165 million yuan in intended orders, a 6% increase compared to the spring expo, while the 138th Canton Fair saw Lianjiang enterprises secure 630 million yuan in intended orders, showing slight growth from the previous session [2]

Core Insights - The 138th Canton Fair successfully attracted global merchants, with approximately 157,900 overseas buyers attending, representing 222 countries and regions, marking a 6.3% increase compared to previous events [3][5] - The fair, held from October 15 to November 4, 2023, is divided into three phases focusing on "Advanced Manufacturing," "Quality Home Furnishings," and "Better Life," showcasing China's commitment to high-quality foreign trade development [3][7] - The event featured an exhibition area of 1.55 million square meters, with a total of 74,600 booths and over 32,000 participating companies, including around 3,600 first-time exhibitors [5][9] Industry Impact - The Canton Fair serves as a "barometer" and "wind vane" for China's foreign trade, reflecting the effectiveness of high-quality development in the sector, with a reported 19.95 trillion yuan in goods trade exports in the first three quarters of the year, a 7.1% year-on-year increase [6][9] - The fair highlighted the increasing popularity of Chinese products, particularly in the electric vehicle sector, with international buyers expressing strong interest in establishing partnerships with Chinese suppliers [5][9] - The event showcased over 1 million new products, with nearly 1.1 million products holding independent intellectual property rights, indicating a significant advancement in China's innovation capabilities [9][10] Technological Advancements - The fair introduced a service robot section featuring 46 leading companies, showcasing various innovative robots that attracted significant attention from buyers [7][8] - The use of advanced technologies, such as exoskeleton robots and therapy robots, demonstrated China's progress in high-tech manufacturing and innovation [8][9] - The upgrade of attendee credentials from chip-based to QR code-based systems improved security and convenience, reflecting a commitment to enhancing the overall experience for participants [14][15] Economic Context - The Canton Fair is positioned as a crucial platform for promoting international trade and fostering new growth drivers in foreign trade, aligning with China's broader economic goals [3][6] - The event's success is indicative of China's resilience and ongoing commitment to high-level opening-up, providing stability and opportunities in a fluctuating global economic landscape [18][19] - China's contribution to global economic growth remains significant, with an average annual contribution rate of around 30%, emphasizing the importance of international cooperation and trade [19]

Group 1 - In the first half of 2023, Foshan's foreign trade import and export total reached 233.98 billion yuan, with a year-on-year increase of 15.6% [3] - Exports amounted to 183.56 billion yuan, up 22.1% year-on-year, while imports were 50.42 billion yuan, showing a slower growth [4] - The export of "new three samples" products (electric passenger vehicles, lithium batteries, and solar cells) reached 1.13 billion yuan, a significant increase of 81% year-on-year [4] Group 2 - The export of lithium batteries was 730 million yuan, growing by 88.7%, while solar products and new energy vehicles also saw substantial increases [4] - The "Belt and Road" countries became a key growth point for Foshan's "new three samples" exports, with a total of 780 million yuan exported, marking a 136% increase [4] - Private enterprises contributed 98% of the export value of "new three samples," with 154 private companies involved, representing 93% of the total exporting companies [5] Group 3 - Despite trade tensions affecting the U.S. market, Foshan's home appliance exports to the EU grew, with a total of 6.74 billion yuan, an increase of 8.1% [5] - Emerging markets also showed strong performance, with exports to Africa reaching approximately 11.83 billion yuan, up 20.1% year-on-year [5][6] - Companies like Guangdong Xinbao Electric Co., Ltd. and China Liansu Group Holdings Ltd. have successfully targeted specific markets, leading to significant export growth [5][6]

Core Viewpoint - The easing of tariffs between China and the U.S. has led to a surge in orders from American clients, prompting Chinese manufacturers to expedite production and explore domestic markets as a new growth avenue [3][5][26]. Group 1: Impact of Tariff Changes - As of May 14, the U.S. has officially implemented adjusted tariffs, suspending a 24% tariff on Chinese goods for 90 days while retaining a 10% tariff [3]. - The easing of tariffs has resulted in a significant increase in order volumes, with companies like Mengcheng Toy Company reporting a rise in shipment quantities to 180,000 sets for a specific toy [2][5]. - The recent tariff adjustments have prompted companies to reconsider their reliance on the U.S. market, with many now focusing on diversifying their customer base [10][24]. Group 2: Shift to Domestic Market - Many foreign trade manufacturers are transitioning to domestic sales to alleviate inventory pressures caused by previous tariff disputes [4][14]. - The domestic market is showing strong potential, with companies like Tang Qing's small appliance factory experiencing increased sales and positive consumer feedback [5][16]. - The Chinese retail market is projected to reach 48.8 trillion yuan in 2024, significantly larger than China's exports to the U.S., highlighting the domestic market's growth opportunities [23]. Group 3: Operational Adjustments - Companies are actively adjusting their production lines to cater to domestic consumer preferences, which differ from those of international markets [24][19]. - Manufacturers are also exploring new sales channels, including e-commerce and live streaming, to enhance their market presence and attract consumers [25][19]. - The transition to domestic sales is not without challenges, as companies must build brand recognition and establish distribution networks in a competitive environment [24][19]. Group 4: Future Outlook - The trend of "export brands turning to domestic sales" is gaining momentum, with many manufacturers recognizing the need for a diversified approach to mitigate risks associated with international trade [22][27]. - Companies are optimistic about the future, believing that a dual focus on both domestic and international markets will provide stability and growth opportunities [10][28]. - The current environment is seen as a pivotal moment for manufacturers to adapt and thrive in a changing global landscape [28].