Core Insights - The 137th China Import and Export Fair (Canton Fair) showcased the resilience of China's foreign trade, attracting 288,000 overseas buyers, indicating a growing international presence and market diversification [1][2]. Group 1: Trade Performance - The fair achieved an intended export transaction value of $25.44 billion, marking a 3% increase compared to the previous spring session, with over 60% of transactions coming from Belt and Road Initiative countries [3]. - Companies reported a shift in market focus, with a notable decrease in reliance on the U.S. market, as firms like Xingxing Refrigeration expect a 20% drop in U.S. exports but anticipate overall growth of about 10% due to expansion in European and other markets [3]. Group 2: Product Innovation - The fair featured over 4.55 million products, including 1.02 million new products and 880,000 green and low-carbon products, highlighting a strong emphasis on innovation and sustainability [4]. - Companies like Zhigao Air Conditioning and Haier showcased energy-efficient products, with Haier's latest washing machine being 60% more energy-efficient than European standards, attracting significant interest from overseas buyers [5]. Group 3: Market Dynamics - The fair's increasing international participation reflects a strategic move towards market diversification and multilateral trade cooperation, reinforcing China's position in the global supply chain [2]. - The event served as a platform for companies to adapt to external challenges and enhance bilateral relationships, particularly with emerging markets in South America and Southeast Asia [3].