Fifteen enterprises from Luozhuang district, Linyi, Shandong participated in the just-concluded first phase of the 137th Canton Fair, covering nine major exhibition areas including machinery, agricultural machinery, and light industry. On-site transactions reached $2.1 million, with intended orders exceeding $4.35 million.

Diversified market expansion shows results

At this Canton Fair, Luozhuang enterprises have been actively exploring new markets while continuing to deepen relationships with existing customers, leading to a significant shift in their customer bases. The proportion of buyers from Belt and Road countries has greatly increased, with customers from Southeast Asia, Central Asia, South America, Russia, India, and other regions becoming the driving force.

Innovation drives product upgrades

Enterprise innovations have become a highlight of the exhibition. For example, Shandong Huasheng Pesticide Machinery Co Ltd unveiled various new products, with its independently developed lithium battery products attracting many buyers with their green and energy-saving characteristics.

Policy support aids new development

Luozhuang has taken measures like expanding the exhibition area of local enterprises at the Canton Fair and addressing practical difficulties in production, taxation, and foreign exchange collection. Additionally, the district assists traditional foreign trade enterprises in the region in connecting with platforms such as Pinduoduo, leading to a 30-percent increase in domestic sales channels.