China Hi-Tech Fair 2023 Showcases China’s Technological Strength
China Hi-Tech Fair (CHTF) 2023, held in Shenzhen, China, concluded on Sunday, featuring China’s technological innovation and drawing global companies looking to engage in cooperation. The event, inaugurated in 1999, is the largest and most influential science and technology fair in China, attracting 4,925 exhibitors from 105 countries and regions.
Biggest and Most Successful Fair Yet
The 25th iteration of CHTF came to a close with record-breaking numbers. More than 680 new products were unveiled, with a negotiated transaction amount surpassing 37 billion yuan ($5.13 billion). With a sprawling 500,000 square meters of exhibition space, 4,925 companies showcased their technological capabilities, fostering collaboration and achieving an all-time high in participation.
Technological Breakthroughs at the Fair
The fair showcased a number of cutting-edge Chinese technological breakthroughs. The Chinese Academy of Sciences presented a domestically developed computer numerical control system, known as an industrial mother machine. This system, characterized by its fast response speed and high precision, will provide reliable technical support for strategic emerging industries such as aerospace and new-energy vehicle manufacturing.
Xpeng Aeroht, the largest flying carmaker in Asia and an affiliate of XPeng Inc., unveiled a futuristic “flying car” at the event. This car can seamlessly switch between driving and flying modes, vertically take off and land, and fly over congested areas, obstacles, and rivers, catering to the demand for short-distance low-altitude travel.
Siemens Energy introduced its hydrogen solution, the Silyzer 300, at the fair. This modular hydrogen electrolysis system offers the latest and most powerful proton exchange membrane electrolysis portfolio available from Siemens Energy, catering to China’s significant energy transition.
Global Participation and Interest
The fair saw participation from companies and visitors representing 105 countries and regions, setting new records with the event’s scale and participation. This demonstrated China’s growing strength and attractiveness in the field of technology. Global companies expressed their desire to collaborate with Chinese enterprises, affirming their confidence in the Chinese market and showing a willingness to actively engage in technological cooperation.
US carmaker Tesla used the platform to showcase the refreshed Model 3 and the upgraded Model Y, highlighting China’s manufacturing prowess and cutting-edge technology. The Shanghai Gigafactory, Tesla’s major export hub, delivered 771,000 vehicles from January to October this year, surpassing the projected annual delivery figure for 2022.
The event also played host to the annual Consumer Electronics Show in North America in January this year.
Conclusion
The China Hi-Tech Fair 2023 serves as a critical platform for companies from around the world to share opportunities in China. With its large-scale exhibition and participation, the fair facilitates exchanges and cooperation, promoting the industry chain and technological collaboration. It encourages companies and institutions from different countries to showcase their latest technologies, seek partners, and foster exchange and collaboration.
During the fair’s opening ceremony, Guo Tingting, a vice minister of the Ministry of Commerce, emphasized China’s commitment to strengthening its high-standard opening-up and fostering a more dynamic and inclusive innovation ecosystem.
The China Hi-Tech Fair continues to play a crucial role in driving global technological advances and innovative development, paving the way for China’s integration into the global innovation system and deeper trade and investment cooperation.
