Premier Li Qiang opened the milestone session by pledging continued support for high-standard market access, emphasizing that China aims to move beyond simple commodity exports. The fair, which has grown from a 9,600-square-meter venue to a sprawling 1.55 million-square-meter exhibition, now hosts over 340,000 buyers. This shift reflects a broader strategy to position China as a "factory of factories," where the export of intermediate goods and intelligent solutions helps overseas partners upgrade their own industrial capabilities.
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Canton Fair marks 70 years as China pivots to global supply integration
The 140th China Import and Export Fair opened in Beijing this week, marking seven decades of trade evolution. What began as a modest export showcase in 1957 has transformed into a massive industrial hub, now serving as a critical engine for global supply chain stability and high-tech manufacturing cooperation.
Industrial evolution and global reach
Participants describe the event as the "World Cup of business," noting that the transition from a one-way export platform to a two-way trade hub has made it indispensable for firms across the Middle East, Southeast Asia, and Latin America. With 17 emerging industry zones showcasing drones, AI visualization, and brain-computer interfaces, the fair highlights a move toward high-end manufacturing. Companies like iROOTECH are already leveraging this ecosystem to export software-hardware integration, helping international clients boost maintenance efficiency and reduce operational downtime. Economists view this as a stabilizing force, providing a consistent, full-chain supply capacity that helps mitigate the volatility and fragmentation currently seen in global trade networks.
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