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136th Canton Fair features digital, green future of global trade

China

China

China

136th Canton Fair features digital, green future of global trade

2024-10-14 17:08 Last Updated At:17:57

The 136th China Import and Export Fair, popularly known as the Canton Fair, is set to open on Tuesday in Guangzhou, the provincial capital of Guangdong in the south, featuring the digital and green future of global trade.

As of last Friday, 138,000 overseas buyers from 209 countries and regions had pre-registered for the 136th Canton Fair, which will take place in three phases through Nov. 4.

And 223 of the world's top 250 global retailers are expected to attend, up 24 percent from the previous edition.

Nearly 4,600 companies from home and abroad will hold exhibitions for the first time, and 8,000 leading Chinese startups and major players in the domestic high-tech and manufacturing sectors will attend.

This year's exhibition will feature 74,000 booths across 55 zones covering a total area of 1.55 million square meters.

"The overseas buyers have traveled across oceans and journeyed thousands of miles to the Canton Fair, which reflects the global business community's trust in Chinese products and their confidence in the Chinese economy," said Chu Shijia, the Canton Fair's deputy director and secretary general, at a press conference in Beijing on Oct. 10.

As many as 390,000 digital and smart products and 1.04 million green and low-carbon ones, a surge of 300 percent and 130 percent from the 135th fair, respectively, will be presented at the fair.

For the first time, the fair will feature hydrogen energy products in its new energy section and dedicate a new section to energy storage solutions, with the expected attendance of 110 enterprises in the related sector.

According to Chu, Chinese products and brands will be in the limelight at this fair.

"At the Canton Fair, Chinese products and brands have reached a new level of high-quality development. Amid the wide array of fine products to be displayed at this fair, Chinese products stand out for their high quality and cost-effectiveness as well as trendiness and high level of safety, indicating that China has the confidence and capability to provide the world with more and better products made and created in China," he said in an interview with China Central Television (CCTV) after the press conference.

Launched in 1957 and held twice yearly, the Canton Fair is considered a major gauge of China's foreign trade.

136th Canton Fair features digital, green future of global trade

136th Canton Fair features digital, green future of global trade

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Chinese shares close higher Monday

2024-10-14 17:14 Last Updated At:17:37

Chinese stocks closed higher on Monday, with the benchmark Shanghai Composite Index up 2.07 percent to 3,284.32 points.

The Shenzhen Component Index closed 2.65 percent higher at 10,327.4 points.

The ChiNext Index, tracking China's Nasdaq-style board of fast-growing enterprises, gained 2.6 percent to close at 2,155.4 points.

The combined turnover of the Shanghai and Shenzhen bourses reached 1.65 trillion yuan, a slight increase of 3.92 percent from Friday's 1.59 trillion yuan. Turnover on the Shanghai Stock Exchange stood at 701.499 billion yuan, and the Shenzhen Stock Exchange saw 933.486 billion yuan in trades.

Leading industry sectors included ground defense equipment, black home appliances, and vertical application software, among others.

Chinese shares close higher Monday

Chinese shares close higher Monday

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