Core Insights - The 138th Canton Fair has evolved into a "global order trading center," transforming the industrial operation methods in the Guangdong-Hong Kong-Macao Greater Bay Area [1][2] - The fair serves as a systematic platform that integrates global demand, trade rules, and technological innovation, stabilizing foreign trade fundamentals [1][2] - The "Canton Fair+" model enhances the comparative advantages of the Greater Bay Area, facilitating its transition from a "manufacturing hub" to an "innovation highland" [2] Trade Growth Engine: Expanding Foreign Trade Fundamentals - The Canton Fair has established a "fast track" from exhibition to delivery, directly driving foreign trade growth, with Guangzhou's import and export total reaching a historical high of 15.5% year-on-year growth in the first half of the year [6][7] - The seamless "exhibition-order-production-delivery" chain improves cash flow and capacity utilization for enterprises, with many small and medium-sized enterprises using the fair as a benchmark for annual orders [6][7] - In the first half of the year, the nine cities in the Greater Bay Area achieved a total import and export value of 4.38 trillion yuan, growing by 4.3%, accounting for 96.3% of Guangdong's total and 20.1% of the national total [6][7] Accelerating Industrial Upgrading: Transitioning from Manufacturing to Intelligent Manufacturing - The nine cities in the Greater Bay Area contribute 8.6% of the national economic total, with a projection of 14.79 trillion yuan in economic output by 2024, positioning it among the top global economic regions [9][10] - The Greater Bay Area's innovation cluster, particularly the "Shenzhen-Hong Kong-Guangzhou" area, has surpassed "Tokyo-Yokohama" in the global innovation index [9][10] - The Canton Fair promotes a higher level of collaboration across the industrial chain, enhancing efficiency and reducing compliance costs through Hong Kong's international financial and legal services [9][10] Enhancing Global Value Chain Position - The collaboration between Guangzhou and Shenzhen in exhibition organization and technology incubation strengthens the Greater Bay Area's position in the global value chain [10][12] - The fair's structure is evolving to showcase intelligent manufacturing, with new zones for smart medical devices and service robots, reflecting a shift towards system solutions rather than just individual products [10][11][12] - The "Canton Fair+" model is reshaping industry logic and boundaries, encouraging enterprises to transition from passive order-taking to proactive solution definition [12]

Core Insights - The 138th Canton Fair has evolved into a "global order trading center," transforming the operational dynamics of the Guangdong-Hong Kong-Macao Greater Bay Area [1][2] - The fair serves as a systematic platform that integrates global demand, trade rules, and technological innovation, stabilizing foreign trade fundamentals [1][2] - The "Canton Fair+" model enhances the comparative advantages of the Greater Bay Area, facilitating its transition from a manufacturing hub to an innovation highland [2][5] Trade and Economic Impact - The Canton Fair has established a "fast track" from exhibition to delivery, directly driving foreign trade growth, with Guangzhou's foreign trade import and export volume increasing by 15.5% year-on-year in the first half of the year [3][4] - The Greater Bay Area's nine cities achieved a total import and export volume of 4.38 trillion yuan, growing by 4.3%, which is faster than the overall growth rate of Guangdong and the national average [3][4] - The export of electromechanical products from the Greater Bay Area's nine cities reached 1.93 trillion yuan, accounting for 68.9% of total exports, with significant growth in key categories such as computers and integrated circuits [4][5] Innovation and Technology Development - The Canton Fair has introduced new exhibition areas focusing on smart healthcare, service robots, and green low-carbon technologies, clarifying the industry's technological roadmap [2][6] - The Greater Bay Area is home to over 71,000 high-tech enterprises and 190 national manufacturing champions, forming a complete industrial chain from key materials to industry solutions [5][6] - The fair promotes a shift from product-centric approaches to system solution capabilities, enhancing the overall efficiency of the supply chain [6][7] Regional Collaboration and Market Dynamics - The collaboration between Guangzhou and Shenzhen in exhibition organization and technology incubation strengthens the Greater Bay Area's position in the global value chain [6][7] - The fair has attracted 125,000 pre-registered buyers from 210 countries and regions, indicating a growing international interest and participation [4][5] - The focus on emerging markets has led exhibitors to adjust their products to meet the price-sensitive demands of these customers, contrasting with the customization preferences of Western clients [4][5]