Valu­able in­sights, views and so­lu­tions ex­pected at fair

China Daily European Weekly - - Comment - By CHEN HONG chen­[email protected]­nadaily.com.cn

A lead­ing fair for small and medium-sized en­ter­prises in Guangzhou in South China’s Guang­dong prov­ince is ex­pected to of­fer valu­able and dy­namic so­lu­tions for the in­no­va­tion and trans­for­ma­tion of the vul­ner­a­ble but bur­geon­ing group in China.

The 15th China In­ter­na­tional SME Fair, to be held this year on Oct 10-13 in the Poly World Trade Cen­ter Expo — shortly af­ter China’s week-long Na­tional Day hol­i­day — will also pave the way for in­ter­na­tional SMEs to en­ter Chi­nese mar­kets, ac­cord­ing to the event’s or­ga­niz­ers.

“The fair’s themed fo­rums will in­vite of­fi­cials from cen­tral and pro­vin­cial gov­ern­ment to give au­thor­i­ta­tive in­ter­pre­ta­tions of the lat­est laws, reg­u­la­tions and poli­cies on how to sup­port SMEs,” said Deputy Di­rec­tor-Gen­eral of the Guang­dong SME Bureau He Zuox­ian.

He gave his views on Wed­nes­day at a me­dia brief­ing on the fair, not­ing that the in­ter­pre­ta­tions of the rules and poli­cies will take place at the sum­mit on Oct 10. That event will aim to help SMEs bet­ter un­der­stand eco­nomic trends, solve prob­lems that arise amid the in­dus­trial trans­for­ma­tion and en­lighten com­pa­nies with fresh views and ideas.

Dur­ing the sum­mit, the fair’s or­ga­niz­ing com­mit­tee — to­gether with an eco­nomic think­tank from the Nan­fang Daily, a lead­ing Chi­nese-lan­guage news­pa­per based in Guangzhou — will re­lease an eval­u­a­tion re­port for the first time. The re­port will an­a­lyze the sta­tus quo of SMEs in Guang­dong and their chal­lenges, as well as look­ing at the char­ac­ter­is­tics of cur­rent in­cen­tive poli­cies.

There will be an­other two im­por­tant fo­rums at the fair. Ac­cord­ing to He, one fo­rum will fo­cus on new fi­nanc­ing modes to broaden fundrais­ing chan­nels for SMEs. The other is to pro­mote the wider ap­pli­ca­tion of in­ter­net and trans­bound­ary tech­nolo­gies, com­monly known as In­ter­net Plus, to the ad­vanced man­u­fac­tur­ing of SMEs and en­cour­age small and medium-sized in­for­ma­tion ser­vices com­pa­nies to build ser­vices plat­forms.

In­ter­na­tional ties fruit­ful

As an in­flu­en­tial SME fair that car­ries weight in the in­ter­na­tional busi­ness com­mu­nity, He said the event will strengthen ex­changes and co­op­er­a­tion be­tween SMEs around the world and cre­ate op­por­tu­ni­ties for SMEs in over­seas mar­kets to ben­e­fit from China’s Belt and Road Ini­tia­tive.

The or­ga­nizer will stage cross­bor­der busi­ness match­mak­ing events, a pro­mo­tional tour in coun­tries and re­gions in­volved in the Belt and Road Ini­tia­tive— which will step into the Mid­dle East this year— and eight on-site pro­mo­tions launched by a swag of coun­tries and re­gions. These will in­clude the United Arab Emi­rates, the co-host coun­try of the fair for the first time, Sri Lanka, South Korea, Nepal, Rus­sia and Malaysia.

Eight as­so­ci­a­tions, com­mis­sioned by the or­ga­niz­ing com­mit­tee, are ex­pected to hold sourc­ing and sup­ply match­mak­ing ac­tiv­i­ties dur­ing the fair on smart man­u­fac­tur­ing, en­ergy-sav­ing and en­vi­ron­men­tal pro­tec­tion, cold chains, the ap­parel and gar­ment sec­tor, healthcare for the aged, as well as spe­cial lo­cal foods and bev­er­ages.

“All the match­mak­ing ac­tiv­i­ties and pro­mo­tions aim to im­prove the ef­fi­ciency of the ex­hibitors, as­sist­ing them to tap new mar­kets and take part in global in­dus­trial and value chains,” He noted.

Huo Jiang­tao, di­rec­tor of SME. gov.cn, said the Mid­dle East pro­mo­tional ac­tiv­i­ties dur­ing the fair, or­ga­nized by his web­site, had in­vited more than 30 com­pa­nies from value of busi­ness agree­ments or pro­pos­als signed at the fair last year coun­tries in the re­gion — in­clud­ing the UAE, Egypt, Iran, Qatar, Saudi Ara­bia and Tur­key — to meet up with at least 300 SMEs from China.

“With the help of the trade ex­perts, com­pa­nies from both sides will have one-on-one talks and match their needs in terms of pro­cure­ments, sales, tech­no­log­i­cal col­lab­o­ra­tion and fund rais­ing,” Huo said.

In ad­di­tion, an­other fo­rum will see schol­ars, ex­perts and en­trepreneurs share their views on the busi­ness en­vi­ron­ment, le­gal en­vi­ron­ment and op­por­tu­ni­ties in Mid­dle Eastern mar­kets, ac­cord­ing to Huo.

In the fo­rum, de­tails will also be re­leased on a Mid­dle Eastern man­u­fac­tur­ing ca­pac­ity co­op­er­a­tion pro­gram and the World Expo 2020, which is to take place in Dubai, will be pro­moted.

“Last year, we suc­cess­fully or­ga­nized the pro­mo­tional event in Africa...and busi­ness agree­ments or pro­pos­als val­ued at $97 mil­lion were reached be­tween 30 African com­pa­nies and 300 Chi­nese com­pa­nies,” Huo said.

CHINA DAILY PRO­VIDED TO

The or­ga­niz­ing com­mit­tee briefs jour­nal­ists about the lat­est China In­ter­na­tional SME Fair, to be held in Guangzhou, Guang­dong prov­ince in Oc­to­ber.

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