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 article emphasizes the transformative role of the Canton Fair as a global order transaction center, enhancing the industrial operation of the Guangdong-Hong Kong-Macao Greater Bay Area by integrating global demand, trade rules, and technological innovation into a systematic platform [1][2]. Group 1: Impact on Foreign Trade - The Canton Fair has established a "fast track" from exhibition to delivery, directly driving foreign trade growth, with Guangzhou's import and export total in the first half of the year increasing by 15.5% year-on-year, reaching a historical high [5]. - The seamless "exhibition-order-production-delivery" chain has improved cash flow and capacity utilization for enterprises, stabilizing financing and employment [5]. - The Greater Bay Area's nine cities achieved an import and export total of 4.38 trillion yuan, growing by 4.3%, which is faster than the overall growth in Guangdong and the national average [5]. Group 2: Quality and Market Expansion - The export of electromechanical products from the Greater Bay Area's nine cities reached 1.93 trillion yuan, growing by 7.5%, accounting for 68.9% of total exports [6]. - The Canton Fair has attracted 125,000 pre-registered buyers from 210 countries and regions, marking a 12.4% increase from the previous session, with a growing proportion of professional buyers [7]. Group 3: Industrial Upgrade and Innovation - The Greater Bay Area is transitioning from a "manufacturing hub" to an "innovation highland," supported by a robust industrial base and a significant number of high-tech enterprises [9]. - The Canton Fair has facilitated the integration of supply chains and enhanced international collaboration, allowing for a more efficient response to global market demands [9][10]. - The introduction of specialized zones at the Canton Fair, such as smart medical and service robots, showcases the shift towards intelligent manufacturing and the need for comprehensive solutions rather than just individual products [10][11]. Group 4: Systematic Transformation - The article highlights the shift from passive order-taking to proactive definition of products and solutions, indicating a broader transformation in the industrial logic and boundaries within the Greater Bay Area [11]. - The collaborative efforts among cities like Guangzhou and Shenzhen enhance the region's position in the global value chain, making it more resilient and competitive [10].

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]