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The 133rd Canton Fair will close on May 5. The Canton Fair attracted 35,000 domestic and foreign buyers from more than 220 countries and regions to register and participate in the exhibition, with a total of more than 2.83 million people entering the exhibition hall, and the export turnover reached 21.69 billion US dollars, a record high. Wang Jing, a researcher at the Bank of China Research Institute, said that this year's Canton Fair will focus on industrial themes, with nearly 9,700 electromechanical companies participating. Among them, the emerging industry "overtaking on a curve" promotes the optimization and upgrading of the export structure. Electric vehicles, lithium batteries, and solar batteries have become the most popular booths with the longest queues in the exhibition hall, which confirms that my country's foreign trade exports are transforming and upgrading from the "old three items" - clothing, small household appliances, and furniture - to the "new three items".
At present, my country occupies an important position in the production link of the global new energy automobile industry chain, such as raw material processing, electrode materials, batteries and vehicle manufacturing links, and our country occupies more than 50% of the share; occupies an important position in the entire photovoltaic industry chain, and in 2021 my country's polysilicon production capacity accounts for 79.4% of the world's total, silicon wafers account for 96.8%, batteries account for 85.1%, and photovoltaic modules account for 74.7%. According to data from the General Administration of Customs, in the first quarter of 2023, the export of the "new three items" increased by 66.9%, with an increase of more than 100 billion yuan, driving a 2% increase in exports. Wang Jing said that high-tech, high-value-added products that lead to green transformation represented by the "three new products" have gradually become new drivers of my country's export growth.
At present, under the background of severe and complicated foreign trade situation, increasing uncertainty of external demand, slowdown of economic growth in developed countries, and continuous decline in export growth of major foreign trade countries, my country's exports have grown against the trend, with a year-on-year growth rate of 8.45% in the first quarter. Judging from the export orders of the first phase of the Canton Fair, medium and long-term orders of more than three months accounted for nearly 60%. The wide range of products reflects the strong productivity of Chinese manufacturing.
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