The 120Th Canton Fair: China'S Foreign Trade Is Accelerating To Form A New Competitive Advantage.

At the closing news conference held on the 4 day of the 120th Canton Fair,

Xu Bing, deputy director of China Foreign Trade Center, said that China's foreign trade development is changing from factor driven to factor driven and innovation driven. The new competitive advantages of foreign trade structure and technology, brand, quality and service are accelerating.

The number of purchasers at the Canton Fair was 185704, from 213 countries and regions, with an export turnover of US $27 billion 890 million, up from the same period last year. Exhibitors generally reflected that the turnover of this Canton Fair was better than expected.

This year,

The recovery is weak, the international market demand is low, and Global trade continues to slow down.

According to customs statistics, in the first three quarters of this year, the total value of imports and exports of China's trade in goods has declined, but import and export have shown a steady trend. The import and export in the third quarter have been increasing synchronously, and the signs of stabilizing the bottom of China's foreign trade are gradually showing signs.

However, judging from the relevant reflection of this Canton Fair, the current world economic and trade environment is more severe and complex, and the foundation for stable foreign trade is still not solid, and the downward pressure is still greater.

Goals and tasks are arduous.

Judging from the order of the Canton Fair, the proportion of short and medium bills is still high, and the long list ratio is still low.

The proportion of short to medium term accounts for 81.6% in 6 months, and only 18.4% in long bills.

Compared with the previous sessions, buyers' willingness to purchase has been enhanced, the price sensitivity has been reduced, and the quality and service of products have been more concerned.

Xu Bing said that from the perspective of the 120th Canton Fair, enterprises have been making persistent progress in innovation, structural adjustment and pformation and upgrading. They have made positive progress, improved international competitiveness and anti risk capability, and accelerated the pformation of new and old kinetic energy. This also reflects the future trend of China's foreign trade.

The stage of China's foreign trade mainly depends on the scale and cost support for rapid development, and the journey from a foreign trade power to a strong foreign trade has begun.