As the China Import and Export Fair ("Canton Fair") prepares for its 126th 
session in October, China's General Administration of Customs (GAC) has 
released figures from the first half of 2019 that showcase robust trade 
activity, reflecting the stable state of the national economy and transaction 
trends across the same period. 

Photo - https://photos.prnasia.com/prnh/20190729/2536764-1

(Caption: Canton Fair Readies for Its 126th Session as China Records Healthy H1 
Trade Growth)

While the total value of China's foreign trade increased by 3.9% to reach RMB 
14.67 trillion in the first half of 2019, exports increased by 6.1% to hit RMB 
7.95 trillion. Exports of high-tech and high value-added products led the way, 
most notably thanks to a 91.9% increase in electric vehicle exports, a 57.1% 
increase in solar cell exports, and a nearly two-fold increase in wind turbine 
exports. These three categories of products will also be featured prominently 
at the 126th Canton Fair. 

"Although China's economic growth is facing certain difficulties and 
challenges, the country's overall economic outlook is stable, and long-term 
trends have not changed," said Li Kuiwen, GAC spokesperson and director of the 
GAC Department of Statistical Analysis. "China's resilience, potential, and 
fundamentals remain as strong as ever."

As environmentalism surges around the world, China has seen its export of 
electric bicycles skyrocket as global consumers seek greener forms of 
transportation. While the industry is relatively competitive with high level of 
market orientation and low market concentration, electronic bicycle 
manufacturers have gradually developed when it comes to scaling, profitability, 
competitiveness, and influence, creating a market vibrant with segments. The 
126th Canton Fair will include two electric bicycle zones showcasing bicycles, 
accessories, and supplies. Brand exhibitors will consist of the scooter startup 
Ninebot Inc., creator of the Ninebot, Windrunner, and Ninebot One series.

Moreover, as the consumer market for electricity, cars, and household 
appliances grows, Chinese manufacturing continues to innovate, raising the 
number and quality of exported goods. The 126th Canton Fair will feature motor 
equipment and electric equipment zones that cover electric motors, electrical 
machinery, diesel engines, generators, transmission equipment, and more, with a 
particular focus on high-efficiency and high-output products. Brand exhibitors 
will include Fujian Yanan Power Group.

Solar products are also rapidly diversifying, as integrated and energy storage 
products have brought the industry to new heights. The 126th Canton Fair's new 
energy section will feature mostly solar photovoltaic products, as well as some 
solar thermal, wind energy, other new energy, and energy storage products. 

With the Intelligent Manufacturing in China initiative expands on the 
international stage, more Chinese manufacturers are showcasing the open 
philosophy encapsulated by their products. Chinese brands are set to unveil 
even more innovative products at the 126th Canton Fair. To take part, follow 
the link below to sign-up.

http://www.cantonfair.org.cn/en/index.aspx

SOURCE Canton Fair