Xinhua Economic Essay: Unlocking China’s Economic Resilience at the Canton Fair

The 139th Canton Fair concluded on May 5, attracting 314,000 overseas buyers from 220 countries and regions, marking a year-on-year increase of 1.1%. Against rising trade protectionism and global industrial restructuring, the 70-year-old fair maintained strong popularity, reflecting the enduring appeal of China’s trade opportunities and steady economic momentum.

The fair demonstrates China’s sound industrial and supply chains. Both long-term and new foreign buyers recognize China’s reliable production capacity. They highly praised China’s complete product categories, stable supply capacity and flexible manufacturing capability.

Chinese enterprises showed strong momentum for innovation and transformation. A total of 4.65 million exhibits were displayed, with new products, green products and products with indepe

ndent intellectual property rights accounting for 23%, 22% and 25% respectively. More enterprises shifted from merely selling goods to providing integrated solutions covering hardware, software and services. Many exporters further expanded their presenc

e in emerging markets such as Belt and Road economies.

To facilitate global trade cooperation, authorities optimized exhibition services throughout the fair. Multiple matchmaking sessions, live broadcasts and themed forums were organized. Digital tools including the official Canton Fair App greatly improved negotiation efficiency. Local professional markets were interconnected with the fair to create expanded procurement channels. Exclusive online services were also offered for remote buyers.

Beyond trade deals, cultural experiences and diversified activities enriched buyers’ visits. The fair generated substantial online and offline traffic, highlighting integrated economic and cultural development. Although the exhibition closed, its long-term influence continues. Factory visits and follow-up procurement events will further strengthen business cooperation.

With stable strategic determination and continuous innovation, China has maintained strong economic resilience. Evolving from a traditional exhibition into an all-round cooperation platform, the Canton Fair presents an open, dynamic China and reveals the core driving forces behind the country’s sustained economic growth.