Xin Shiping: Where does the strong 'magnetic attraction' of the Chinese market come from

After 69 years, the "China's First Exhibition" Canton Fair remains extremely popular, with the 8th China International Import Expo reaching a new high in annual intended transaction volume. The "Double 11" event has attracted numerous overseas brands to settle on the platform... Recently, the "two-way rush" between China and the world has made people feel the waves of cooperation and win-win, witnessing the vigorous vitality and vitality of China's super large market.

Here are the latest products: AI hearing aids, Cyber unmanned electric vehicles, Peru's "Desert Crispy Berry"... At the CIIE, companies from various countries brought 461 new products, technologies, and services, of which more than 200 were global debuts. There is a high popularity here: at the Canton Fair, more than 310000 overseas purchasers from 223 countries and regions attended the fair, among which the number of purchasers from countries jointly building the "the Belt and Road" increased by nearly 10%; This year, 155 countries, regions, and international organizations, as well as 290 Fortune 500 companies and industry leaders, participated in the CIIE. The number of participating companies increased by more than 600 compared to last year, and the exhibition area and total number of companies reached new highs. Through open collaboration platforms, numerous stories of mutual benefit and win-win outcomes are being written.

An exhibitor exclaimed, 'At the Canton Fair, you can find anything you want.'; A foreign media outlet bluntly stated that the success of the CIIE cannot be measured solely by its area or transaction volume, but by the willingness of countries to participate, invest, and contribute to a shared future. Amidst the influx of guests from all directions and the participation of exhibitors from various countries, China's value as a "fertile ground for global business investment and development" continues to rise. "Believing in China means believing in tomorrow" has become a widely recognized consensus in the international community.

Someone once used the term 'magnetic attraction effect' to describe the enormous charm of the Chinese market. With a population of over 1.4 billion, the world's largest middle-income group, nearly 190 million business entities, the total retail sales of consumer goods expected to exceed 50 trillion yuan this year, the world's second largest consumer market and import market... These all vividly illustrate the "super large scale" of the Chinese market. Here, from segmented fields to potential demands, there are vast business opportunities. Market space and development opportunities can be found both in high-tech services such as small diameter controllable dilating stent, industrial scene application of humanoid robot AEON, and in "local products" such as Gambian cashews, Burundi avocados, and Honduran shrimp.

The 'vastness' of the Chinese market lies not only in its enormous size, but also in its broad mindedness and broad wisdom of' benefiting the world '. Promoting reform and development through opening up, and sharing opportunities and common development with countries around the world "is an important strategic deployment made at the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China, a pragmatic measure continuously introduced, and a vivid practice of mutually beneficial cooperation.

As a foreign company once said, "There are opportunities for green transformation as a 'necessity', opportunities for industrial upgrading as a 'new quality', and opportunities for Chinese companies to 'go global' as a 'synergy'. From the intelligent farmland where drones soar, to the smart factory where robotic arms dance; From busy cross-border e-commerce platforms to vibrant low-carbon future communities; From the continuously shrinking negative list for foreign investment access to the constantly expanding visa free "circle of friends"... Looking towards the practice of high-quality development, we can find that under the turbulence of the reform and opening up tide and the pulse of new quality productivity development, China provides more development opportunities, a good business environment, a broad innovation stage, and green growth conditions for the global business community, providing solid support and sufficient nutrients for the vigorous growth of enterprises in various countries.

China embraces the world with an open attitude, and the world moves towards China with firm steps. The Chinese market is large enough and open enough, and it is a market that we are confident in deeply cultivating. Giving up the Chinese market is equivalent to giving up the ticket to growth in the next decade. Sincere words express the voice and consensus of the industry. Since the beginning of this year, a number of major foreign investment projects have landed in China one after another, from "group signing" to opening the "double speed" mode. From January to September, 48921 foreign-invested enterprises were newly established nationwide, a year-on-year increase of 16.2%. Many foreign-funded enterprises have shown through practical actions that walking with China is walking with opportunities, and investing in China is investing in the future.

Gathering hundreds of rivers and streams, only then can there be the magnificent waves of the sea. From the Canton Fair on the coast of the South China Sea, where the saying 'Canton with the world, mutual benefit for the world' is performed, to the 'Four Leaf Clover' on the banks of the Huangpu River, witnessing the covenant of the East; From the "Double 11" e-commerce transactions going global, to the official launch of the island wide closure of Hainan Free Trade Port on December 18th... The advantages of China's large market continue to be demonstrated, the potential continues to be released, and the vitality is even more surging. The story of win-win cooperation between China and the world will write a more exciting chapter.