Group 1 - The 138th Canton Fair has concluded its first phase, with the second phase scheduled from October 23 to 27, attracting over 157,000 foreign buyers, significantly boosting inbound consumption [1] - From October 1 to 20, the amount of tax refund applications at Guangzhou port exceeded 27 million yuan, marking a 120% year-on-year increase and setting a historical record [1] - Guangzhou has nearly 800 tax refund stores covering all 11 districts, facilitating foreign buyers who are shopping during the fair [5] Group 2 - Since the opening of the Canton Fair on October 15, the number of foreign customers in a local mall has increased by 30%, with tax refund business growing over five times year-on-year [7] - Popular purchases among foreign buyers include high-tech digital products, luxury watches, and trendy clothing, with digital products accounting for approximately 41% of sales [7] - To enhance the development of outbound consumption, Guangzhou Customs has launched a "one order, one package" service for tax refunds, improving efficiency by about 70% [10] Group 3 - The Canton Fair has led to an increase in inbound and outbound travelers at various ports in Guangdong, with Shenzhen airport seeing a 25% year-on-year increase in foreign travelers from October 13 to 21, totaling over 47,000 [10][14] - Shenzhen airport is the closest open port to the Canton Fair, benefiting from rich international routes and favorable entry policies, contributing to a 50% increase in daily passenger flow compared to normal [14]

Core Insights - The 138th Canton Fair is currently taking place, attracting over 157,000 foreign buyers, significantly boosting inbound consumption [1] - Guangzhou Customs reported that from October 1 to October 20, the amount of tax refund applications at the Guangzhou port exceeded 27 million yuan, marking a 120% year-on-year increase and setting a historical record [1] Group 1: Impact of the Canton Fair - As one of the first pilot cities for tax refunds for foreign travelers, Guangzhou has nearly 800 tax refund stores, covering all 11 districts [3] - Many foreign buyers are taking advantage of the fair to shop in major commercial areas of Guangzhou, with noticeable activity in the Tianhe Road shopping district [3] Group 2: Growth in Foreign Purchases - A shopping mall manager reported a 30% increase in foreign customers since the fair began, with tax refund business growing over five times year-on-year [5] - Popular products among foreign customers include high-tech digital products, luxury watches, and trendy clothing, with digital products accounting for approximately 41% of sales [5] Group 3: Tax Refund Facilitation Measures - To capitalize on the spillover effects of the Canton Fair, Guangzhou Customs, in collaboration with local government departments, has launched a "one order, one package" convenience service for tax refunds [6] - This service allows travelers to quickly pass through customs by verifying the integrity of sealed packages, improving efficiency by about 70% [6] - From October 1 to October 20, Guangzhou Customs verified 3,500 tax refund applications, with amounts exceeding 27 million yuan, representing year-on-year increases of nearly 7.5 times and 1.2 times, respectively [6]

Core Insights - The 138th Canton Fair is currently taking place, attracting over 157,000 foreign buyers, significantly boosting inbound consumption [1] - Guangzhou Customs reported that from October 1 to October 20, the amount of tax refund applications at the Guangzhou port exceeded 27 million yuan, marking a 120% year-on-year increase, setting a historical record [1] Group 1: Impact of the Canton Fair - As one of the first pilot cities for tax refunds for foreign travelers, Guangzhou has nearly 800 tax refund stores, covering all 11 districts [3] - Many foreign buyers are taking advantage of the fair to shop in major commercial areas, with noticeable increases in foreign customer presence in shopping malls [3] Group 2: Sales and Consumer Behavior - A shopping mall manager reported a 30% increase in foreign customers since the fair began, with tax refund business growing over five times year-on-year [5] - Popular products among foreign customers include high-tech digital products, luxury watches, and trendy clothing, with digital products accounting for approximately 41% of sales [5] Group 3: Tax Refund Process Improvements - To enhance the development of outbound consumption, Guangzhou Customs has launched a "one order, one package" convenience service for tax refunds, improving efficiency by about 70% [7] - From October 1 to October 20, Guangzhou Customs verified 3,500 tax refund applications, with amounts exceeding 27 million yuan, representing year-on-year increases of nearly 7.5 times and 1.2 times, respectively [9]

Group 1 - The 137th Canton Fair opened on April 15, showcasing the resilience and competitiveness of Chinese foreign trade enterprises amid the backdrop of a tariff war initiated by the United States [1] - As of April 15, 64,530 overseas buyers attended the fair, with a daily average of nearly 50,000 people entering and exiting Guangzhou port, marking a year-on-year increase of approximately 21.7% [1] - Over 200,000 overseas buyers from 215 countries and regions pre-registered for the fair, including 255 large enterprises such as Walmart, Carrefour, Tesco, and Metro [1] Group 2 - Chinese foreign trade enterprises are actively adjusting strategies and increasing R&D investments to meet new market demands, showcasing a variety of innovative products at the fair [2] - The foundation of Chinese foreign trade remains strong, with nearly 700,000 enterprises engaged in import and export activities in 2024, demonstrating resilience and capability [2] - Innovation has become a defining characteristic of Chinese foreign trade, with products increasingly recognized by global consumers due to ongoing transformations towards smart, digital, and green solutions [2] Group 3 - The lively atmosphere at the Canton Fair serves as a vivid demonstration of China's foreign trade strength, instilling confidence in the industry despite external challenges [3] - The fair sends a clear message that Chinese foreign trade can steadily progress regardless of changing external environments, supported by product advantages, innovation capabilities, and a robust industrial chain [3]