Canton Fair's Sourcing Trip to Dongguan Empowers Local Economy and Global Trade
The Canton Fair, recognized for its pivotal role in boosting foreign trade, recently organized a strategic sourcing trip to Dongguan, specifically focusing on the Dalang and Songshan Lake regions. Held from December 19 to 20, 2024, this event aimed to enhance the quality of foreign trade and positively influence the local economy. This initiative resulted in an impressive total of 24 prominent multinational purchasing companies engaging with more than 70 local manufacturing firms, leading to an anticipated purchase order value of approximately USD 62 million.
The event was a collaborative effort between the Canton Fair, the Department of Commerce of Guangdong Province, and the Bureau of Commerce of Dongguan City. Noteworthy attendees included leading enterprises hailing from countries such as the Netherlands, Germany, Spain, India, and the United Arab Emirates.
Dongguan is globally recognized as a major manufacturing hub in China. It sports robust industrial foundations, comprehensive supply chains, and efficient logistics systems vital for international trade. Particularly, Dalang, renowned as the 'Wool Capital of the World,' and Songshan Lake, known for its thriving high-tech zone, underscore Dongguan's importance in the global manufacturing landscape.
Throughout the sourcing trip, participants had the opportunity for factory visits, on-site promotions, and negotiations, all of which facilitated direct interactions between local suppliers and overseas buyers. A dedicated product exhibition zone showcased household appliances and textile products, featuring over 300 samples from local suppliers. This setup not only highlighted the diversity of products available in Dongguan but also offered buyers a tangible sense of the local manufacturing capabilities.
In 2024 alone, the Canton Fair hosted more than 700 'Trade Bridge' activities, illustrating its commitment to fostering direct communication between buyers and manufacturers. Such interactions are crucial for businesses to showcase their strengths effectively and gather insights about market demands and consumer preferences. These interactions are vital for developing future products and adjusting market strategies.
Zhang Sihong, Deputy Secretary-General of the Canton Fair and Deputy Director at the China Foreign Trade Centre, emphasized the Canton Fair's role as a significant platform for fostering international trade relations. He stated that it plays a key role in promoting economic cooperation between China and foreign countries. Looking ahead, the 137th Canton Fair is scheduled to occur from April 15 to May 5, 2025, in Guangzhou, continuing its mission to connect domestic business entities with global markets.
Furthermore, the Canton Fair recently launched an app designed to enhance engagement and facilitate easier access to trade opportunities. This technological advancement reflects the fair's dedication to evolving with the needs of global trade and the convenience of its international clientele. Prospective participants are encouraged to download the app and immerse themselves in the opportunities that lie ahead.
In summary, the Canton Fair's sourcing trip to Dongguan not only exemplifies the ongoing efforts to enhance local economic growth but also underscores the vital links between international buyers and local manufacturers. By building and maintaining such trade bridges, the Canton Fair positions itself as an indispensable player in the landscape of global commerce.
The event was a collaborative effort between the Canton Fair, the Department of Commerce of Guangdong Province, and the Bureau of Commerce of Dongguan City. Noteworthy attendees included leading enterprises hailing from countries such as the Netherlands, Germany, Spain, India, and the United Arab Emirates.
Dongguan is globally recognized as a major manufacturing hub in China. It sports robust industrial foundations, comprehensive supply chains, and efficient logistics systems vital for international trade. Particularly, Dalang, renowned as the 'Wool Capital of the World,' and Songshan Lake, known for its thriving high-tech zone, underscore Dongguan's importance in the global manufacturing landscape.
Throughout the sourcing trip, participants had the opportunity for factory visits, on-site promotions, and negotiations, all of which facilitated direct interactions between local suppliers and overseas buyers. A dedicated product exhibition zone showcased household appliances and textile products, featuring over 300 samples from local suppliers. This setup not only highlighted the diversity of products available in Dongguan but also offered buyers a tangible sense of the local manufacturing capabilities.
In 2024 alone, the Canton Fair hosted more than 700 'Trade Bridge' activities, illustrating its commitment to fostering direct communication between buyers and manufacturers. Such interactions are crucial for businesses to showcase their strengths effectively and gather insights about market demands and consumer preferences. These interactions are vital for developing future products and adjusting market strategies.
Zhang Sihong, Deputy Secretary-General of the Canton Fair and Deputy Director at the China Foreign Trade Centre, emphasized the Canton Fair's role as a significant platform for fostering international trade relations. He stated that it plays a key role in promoting economic cooperation between China and foreign countries. Looking ahead, the 137th Canton Fair is scheduled to occur from April 15 to May 5, 2025, in Guangzhou, continuing its mission to connect domestic business entities with global markets.
Furthermore, the Canton Fair recently launched an app designed to enhance engagement and facilitate easier access to trade opportunities. This technological advancement reflects the fair's dedication to evolving with the needs of global trade and the convenience of its international clientele. Prospective participants are encouraged to download the app and immerse themselves in the opportunities that lie ahead.
In summary, the Canton Fair's sourcing trip to Dongguan not only exemplifies the ongoing efforts to enhance local economic growth but also underscores the vital links between international buyers and local manufacturers. By building and maintaining such trade bridges, the Canton Fair positions itself as an indispensable player in the landscape of global commerce.
Topics General Business）
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