Innovative Chinese products making their debut at the ongoing 140th China Import and Export Fair, or Canton Fair, are drawing strong interest from international buyers, with many new items already receiving large global pre-orders.
The fair, which opened Thursday in Guangzhou, capital of south China's Guangdong Province, features record shares of new and green products among its exhibits, with 32,000 companies gathered for the three-phase trade show.
Serving as a barometer and wind vane of China's foreign trade, this year's fair, marking its 70th anniversary, features innovation, intelligence, greater specialization and higher quality.
This year's Canton Fair has introduced a dedicated area for new product debuts. It showcases Chinese companies' latest innovations, helping connect their products with the market and allowing foreign buyers to grasp new industry trends.
A newly launched portable folding fan that both cools and heats has won favor with buyers for its dual-use design, drawing a surge of on-site purchase inquiries.
"I'm very interested. I specialize in portable fans, and I've never seen one that can both cool and heat," a foreign buyer said.
The exhibitor that developed the fan said interest from buyers has remained high, pushing the company to shorten its prototyping cycle and improve delivery efficiency.
"Over the past few days, around 30 to 40 customers have expressed intent to do business with us. Our research and development team has about 40 to 50 people, and we are now focused on prototyping this product. Previously, prototyping took about 15 days. Now we have shortened the process to three to five days to deliver a complete sample," said a representative of the exhibitor.
Many new products, before officially hitting the market, have gained early attention at the Canton Fair. One standout is an ultra-thin household ice frying machine that needs no pre-cooling and can automatically make smoothies in minutes. After its debut, it quickly won over international buyers.
"The ultra-thin ice frying machine we've developed has not gone on the market yet. Right after its debut yesterday, it drew interest from multiple chain supermarkets and brands. We have already received prototyping requests from six companies worldwide," said a representative of the ice frying machine exhibitor.
High-end manufacturing products are equally popular. In the two-wheeler exhibition area, the booth of Chinese motorcycle maker ZXMOTO are continuously packed with curious buyers.
When the company first attended the Canton Fair half a year ago, it was still looking for potential overseas distributors. At this fair, a large number of overseas buyers have taken the initiative to discuss regional distributorships and orders.
"Hundreds of people come by every day to take photos with our championship model. Some overseas buyers have directly expressed interest in becoming our brand's local distributor, but because we need to review qualifications, we don't make decisions right away," said an exhibition representative of ZXMOTO.
The company rolled out more than 10 new models, including the prototype that won a world-class motorcycle race, adventure bikes, and off-road dirt bikes at the fair. Their solid quality and design drew praise from many buyers.
"Because in our country we love motorcycles, especially that type of bike, and all our friends -- we do motorcycles. Quality, design, everything is very nice," said a buyer.
The 140th Canton Fair is scheduled to host more than 700 new product launch events, with the number of debut products up 15 percent year on year. Among them, new products in emerging industries such as service robots, smart healthcare, and new energy rose by about 20 percent. New products account for 23.2 percent of all exhibits, a record high.
A staff member of the China Foreign Trade Center (CFTC), which organizes the fair, said that concentrated showcases of new products help companies close deals more effectively.
"We've set up a dedicated zone for new product debuts for the first time. Through exhibitions and events, we hope to present new products in an all-round way, help companies launch products, build brands, and promote deals. Overall, intelligent, convenient, and practical products are more popular with buyers," said Li Qinke, a staff member of the CFTC.
The Canton Fair is held every spring and autumn in Guangzhou since its founding in 1957. It has been seen as a barometer of China's foreign trade. The current edition of the event will last until early November.
Innovative Chinese products gain instant traction among global buyers after debuting at Canton Fair
Innovative Chinese products gain instant traction among global buyers after debuting at Canton Fair
Innovative Chinese products gain instant traction among global buyers after debuting at Canton Fair
