The 2023 Canton Fair covers an area of over 1.5 million square meters and has approximately 35000 exhibitors
The 133rd China Import and Export Commodity Fair is China's largest trade event, scheduled to open on Friday, with suppliers and buyers from all over the world attending. Experts and industry insiders say that the CIIE is expected to make significant contributions to the recovery and growth of the Chinese and global economies.
The 133rd Canton Fair was the first held in the first year of fully implementing the spirit of the 20th National Congress of the Communist Party of China. It was the first Canton Fair held after China achieved significant decisive victories in epidemic prevention and control. The introduction of tax preferential policies was timely. Firstly, preferential policies will assist in the further development of new pillar industries in the Guangdong Hong Kong Macao Greater Bay Area. The machines, mechanical appliances, electrical equipment and instruments included in the preferential scope, as well as medical or surgical instruments and equipment, all belong to the new generation of information technology, biotechnology, high-end equipment manufacturing, new materials and other new pillar industries that are required to be developed in the Development Plan Outline of the Guangdong Hong Kong Macao Greater Bay Area. The new pillar industries in the Greater Bay Area are currently developing rapidly and have strong strength, and the introduction of policies will help promote the further development of the new pillar industries. Secondly, preferential policies promote Guangzhou to accelerate the cultivation and construction of an international consumption center city. In 2021, five cities including Guangzhou will take the lead in cultivating and constructing international consumer center cities. At the same time, Guangzhou has a profound commercial and cultural heritage, strong consumption power, and strong commercial radiation ability. The introduction of policies is beneficial for Guangzhou to build an international consumption center city, and to drive the upgrading of industries in the Greater Bay Area through consumption upgrading. Thirdly, preferential policies fully showcase the industrial characteristics of Guangdong and Guangzhou. Guangdong is the largest jewelry and jade processing and manufacturing cluster in China, with an industrial volume exceeding 70% of the country. Guangzhou also accounts for 60% of the country's annual jewelry processing and trade volume, and has a good foundation for jewelry processing and a gathering of high-end consumer groups. The policy will include natural or cultured pearls, precious or semi precious stones, precious metals, wrapped precious metals and their products in the preferential scope, fully showcasing the industrial characteristics of Guangdong and Guangzhou. The introduction of policies is conducive to cultivating and strengthening the jewelry and jade industry in Guangdong and Guangzhou, stimulating the potential of mid to high-end consumer markets, and cultivating new economic growth points. Fourthly, preferential policies encourage the Canton Fair to leverage its advantages and become an important window for China to open up to the world. Mechanical equipment, electrical equipment, etc. are all the advantageous themes of previous import exhibitions at the Canton Fair, with prominent characteristics of international exhibitor clusters. In the early stage, multiple Fortune 500 companies have participated in the exhibition. The introduction of policies will attract more exhibitors to participate, making the Canton Fair continue to become an important window for China to open up to the world, and an important bridge and link for expanding openness and strengthening Sino foreign economic and trade cooperation.
