Day: April 5, 2022

GUANGZHOU, China, April 5, 2022 /PRNewswire/ — This April, merchants in Guzhen Town, Zhongshan City, will be hustling hard during the 131^st Canton Fair. The town is famous for occupying a 70% market share of the domestic lighting industry and sells to more than 130 countries and regions, making it a vital participant of the Lighting Equipment section of the Canton Fair.

As a window of China’s foreign trade, the Canton Fair has witnessed firsthand the transformation of Guzhen Town, where farming was replaced by decorative lighting manufacturing, simple table lamps by high-end products sold at home and abroad. It also has attested to the transformation of China’s lighting industry from traditional manufacturing to a smart one. According to the China Association of Lighting Industry, the Chinese lighting industry showed strong resilience and potential in 2021 despite COVID-19. The export of lamps in 2021 amounted to US$65.47 billion, an increase of 24.5% year-on-year and of 44.09% over that in 2019, indicating a two-year average growth of 12.95%. The rising share of intelligent, integrated, networked lighting products boosted exports to hit a new high.

With overseas demand for diversified products, the innovation of China’s lighting industry is accelerating with improved service. New products showcased at the Canton Fair include the space station series, APP remote controlled solar lawn lights, alternative energy-saving lamps for high-powered products, smart lighting without main light, and solar spotlights. The Fair also brings plant lighting, UV lighting, immersive lighting, and cultural tourism lighting into people’s horizons. Considering various situations, the supplier offers user-friendly and all-in-one solutions through automated control and smart home connectivity.

The success of the winter games in Beijing refreshed the world’s memory, with hashtags such as #300millionWinterSportsParticipants and #Countdownfrom24SolarTerms trending on social media. Various market-sensitive manufacturers put traditional Chinese cultural elements into their designs, creating high-end ‘Chinese retro’ lighting that is of interest to overseas buyers.

Smart Manufacturing in China aims to illuminate every corner of the world with its intelligence. According to Alan Liu, Deputy Director General of Foreign Affairs Office of Canton Fair, well-known Chinese lighting brands have registered for the 131^st Canton Fair and will release their new smart lighting products online. Exhibitors also said they expected to secure more overseas orders via the Canton Fair.

Visit https://www.cantonfair.org.cn/en-US/register/index#/foreign-email for more opportunities.

GUANGZHOU, China, April 5, 2022 /PRNewswire/ — Recently, news from its official website heralds the opening of 131^st Canton Fair.

One can analyze the heatmap and see that Consumer Electronics and Information Products is perennially the most-visited area of the Fair. To mitigate the impact of COVID-19 on China’s foreign trade and the world economy, the Canton Fair has paused the on-site business and innovated an online trading platform, starting from the 127^th session, which has led to an upsurge of consumer electronics exports.

China is the world’s leading manufacturer and exporter of electronics and information products, holding a foremost position in enterprise quantity, employment scale and business revenue. Yet, long has China been subdued to the assembly role, where foreign multinationals dominate the industrial and value chain and foreign trade. Worse still, consumer electronics always face fierce market competition due to rising homogeneity and industry concentration.

Since the reform and opening up in the late 1970s, Chinese brands have tapped into independent innovation to turn the situation around. According to a survey, the median R&D investment of Chinese consumer electronics and electrical companies was RMB102 million in 2021, indicating that half of them have invested over RMB100 million in R&D. China also has the most patent applications in the consumer electronics and electrical industry.

The Internet of Things (IoT) steals over the consumer market, making smart consumer electronics and IoT products the “new blood” of China’s consumer electronics and electrical industry. You can find cross-industry creation of intelligent living scenarios in living rooms, balconies, kitchens, and bathrooms, meaning a richer experience and increased interactivity for global users. According to Maggie Pu, Deputy Director General of Foreign Affairs Office of Canton Fair, the number of intelligent and personalized consumer electronics at the Canton Fair is increasing year by year. China’s consumer electronics brands now have to win the global competition through technological innovation instead of price efficiency, as has been the case during the past decades.

China is also a huge consumer market for consumer electronics and information products. China contributes more than 50% of the world’s production of complete appliances such as phones, computers, and LCD TVs, and key components such as LCDs and integrated circuits. Chinese entities, backed by a huge home market, are enhancing their presence in the international market through technological innovation and more energy-efficient and eco-friendly products.

Visit https://www.cantonfair.org.cn/en-US/register/index#/foreign-email for more opportunities.

GUANGZHOU, China, April 5, 2022 /PRNewswire/ — Guangzhou is expecting the 131^st Canton Fair. At present, many hardware manufacturers are preparing for the world-renowned trade event.

Each session of Canton Fair welcomes many top hardware sellers including Tianjin Minmetals, Shanghai Minmetals, and Chaozhou Three-Circle , who, as regular exhibitors, went global quite early via the Fair. Their small items such as tools, locks, faucets, lighters, zippers, and razors are not eye-catching but essential for the international market. The ubiquitous locks sold around the world are as popular as the globe’s most well-known brands, reflecting the momentum of the ” Hardware & Tools ” category at the Canton Fair in accessing the massive international market.

Regular buyers still recall that there were only around 40 categories of Chinese hardware products at the beginning of the reform and opening up in the late 1970s, far less than today’s 10,000 categories. China’s hardware and tools industry has experienced tough decades: starting from scratch, it has transformed production from underdeveloped manual workshops to intelligent ones, transitioning from isolated development to innovation and opening up.

Structural imbalance in production leads to an oversupply of cheap hardware accessories. Fierce competition and changes in consumer perceptions make the extensive production model unsustainable. As the market demands finer products, leading Chinese hardware manufacturers, benefiting from new digital infrastructure such as 5G, are tapping into productivity gains with digitalization. Local governments also encourage SMEs to invest in R&D and make branding and differentiation permanent solutions.

According to the official Canton Fair official website, more than 129,600 hardware and tools have been uploaded as of now. “With higher enterprise innovation awareness and capabilities, light, thin, short, and small products are beginning to trend,” said Alan Liu, Deputy Director General of the Foreign Affairs Office of the  Canton Fair. For example, there are hand tools of bold, creative, and ergonomic design, made of exquisite materials, possessing aesthetic and functional values. When it comes to production, advanced processes such as digital control, one-time clamping, and multi-station integrated machine completion offer great progress in accuracy. Products such as pneumatic tools and gardening tools have gradually outperformed well-known European and American brands.

China is the world’s giant hardware producer, processor, and exporter. Driven by innovation, characteristic industry bases have been established in coastal provinces including Zhejiang, Guangdong, Jiangsu, Shanghai, and Shandong. With the further tapping of industrial clusters, China is becoming the global center for intelligent  hardware manufacturing.

Visit https://www.cantonfair.org.cn/en-US/register/index#/foreign-email  for more opportunities.

GUANGZHOU, China, April 5, 2022 /PRNewswire/ — The 131^st Canton Fair is around the corner. According to China Foreign Trade Centre (CFTC), the New Product Launch at Canton Fair will be unveiled this session. New products, technologies, brands, services will be selected and showcased in the event. As the electric era heats up, much of the attention goes to New Energy Vehicle (NEV) innovations.

Though frustrated by COVID-19 and plummeting subsidies, the NEV market in China has shown strong momentum as both production and selling surpassed 3.5 million in 2021, topping the world for 7 consecutive years. The penetration rate of NEV sales in China is also increasing, which will reach 22% in 2022, predicted by China Passenger Cars Association (CPCA).

Overseas buyers have expressed their amazement that China’s auto industry has become as good as some centuries-old established markets in just a few decades. The core components of NEV, such as power batteries, drive motors, and electronic control systems, are all emerging products. The concerted efforts of the Chinese government and companies have given themselves a pole position on NEV market competition.

The rapid growth of China’s NEV industry is clear in the scale and focus of the displays. At the 130^th Canton Fair, nearly 20 NEV exhibitors brought 186 products, including cars, trucks, sightseeing vehicles, buses, vans, and accessories & components of NEVs. The exhibition section was under the spotlight with new technologies capturing much attention. Premier Li Keqiang inspected the exhibition halls and remarked that China is the largest market for traditional vehicles and NEVs. He encouraged companies to seize opportunities, rise to market competition, follow business rules, and invest more in R&D, thus leading an innovative and sustainable NEV industry.

For consumers, NEVs bring a new mode of transportation. China is a leader in NEVs with advantages in battery charging/switching stations, 5G communications, and mega markets. These merits will facilitate national NEV industrial advancement. According to Alan Liu, Deputy Director General of Foreign Affairs Office of Canton Fair, As “Belt and Road Initiative (BRI) countries are investing in infrastructure, and the Regional Comprehensive Economic Partnership (RCEP) is boosting export volumes, it’s a perfect time to overtake the competitors. At the 131^st Canton Fair, we will encourage NEV exhibitors to self-innovate and deliver a more enjoyable, convenient, and smart driving experience to customers at home and abroad.

Visit https://www.cantonfair.org.cn/en-US/register/index#/foreign-email  for more opportunities.