Chinaplas igniting new momentum during challenging times

Chinaplas igniting new momentum…

In today’s unprecedented turbulent times, the global manufacturing industry is undergoing profound and complex changes, facing uncertainties and challenges, while opening up new opportunities under the new normal. Chinaplas 2021, the Asia’s No. 1 plastics and rubber trade fair, themed “New Era · New Potential · Innovation for Sustainability”, will not only stimulate development in the industries, but also keep the momentum going in the exploration of business opportunities in the new era.

New era: get a foothold in dual circulation to adapt to new development model 

In a special period when COVID-19 has brought a lot of uncertainties to the global economy, China has been taking actions to contribute more certainties to the world. China’s economy recovered strongly following the COVID-19 pandemic. After a sharp V-shaped rebound in the first six months of the year, China’s GDP expanded 4.9% in the third quarter. It is predicted that China will be the only major economy in the world achieving positive growth in 2020. When the economy is rapidly recovering, China is leading consumption upgrade, enhancing self-innovation capacity to push forward the high level opening up to the world, and hastening the establishment of a new development model featuring dual circulation in the domestics and international markets where the former plays a leading role.

Chinaplas 2021 will be held from 13 to 16 April 2021 at Shenzhen World Exhibition & Convention Center

The 13th Five-Year Plan is coming to end while the 14th Five-Year Plan is about to start. Chinaplas 2021 will be held at Shenzhen, one of the core driving forces of the Guangdong-Hong Kong-Macao Greater Bay Area, to proactively seize new opportunities arising from China’s swift economic recovery and open up transformation under the dual circulation environment.

New potential: ignite new momentum to reconstruct the industries

An unimpeded domestic circulation is the key. The main focuses are reconstruction of the industrial foundation and upgrade of the production chain. China has a fully equipped industrial system and a complete industrial chain, providing huge room for technological innovation and application.

  • Great potential in domestic market and a persistent growth in exports 

With China’s massive market advantage and the continuous support of domestic market strategies and various stimulus policies, there has been a sustained recovery of the Chinese consumer market. In September 2020, the total retail sales of consumer goods reached 3.5295 trillion yuan, with a nominal year-on-year growth of 3.3%. China has been steadily manufacturing while many countries are still suffering from the pandemic. Relying on its unique advantage in the industrial chain, China’s foreign trade imports and exports have been stabilizing quarter by quarter. China’s exports reached 5 trillion yuan in the third quarter, with an increase of 10.2%.

  • Emergence of new consumption patterns and forms of business stimulating growth potential

In the post-pandemic era, demands for healthcare, smart-tech, eco-friendliness, convenience and comfort have increased sharply. The sales and exports of household products like kitchen appliances and fitness equipment have risen. Demands on fresh food distribution, express delivery and convenience food products have increased in adverse market conditions. A surge in diversified, personalized and high-quality demands will give rise to more new consumption patterns and forms of business.

  • Accelerated construction of infrastructure outlining the blueprint of smart-tech era 

Technologies like 5G, cloud computing, AI and Internet of Things have demonstrated immense development potential in the wave of new infrastructure, providing new impetus for economic recovery and sustainable development, while creating unprecedented opportunities for the plastics and rubber and industries. As the leader of new infrastructure, 5G has been making satisfactory progress since its commercial launch a year ago. China has built more than 690,000 5G base stations by the end of September 2020 and sold more than 100 million 5G mobile phones in the first three quarters this year.

  • Diversified demand in reshaped landscape of global supply chain

The pandemic has diversified the global supply chain and suggested domestic supply chain and backup plans as alternatives to prevent supply chain network from being too extensive and over-dependent on a particular region. Considering all kinds of uncertainties, enterprises will pay more attention to safety and control, collaborative innovation, flexibility, diversification, intelligence and localization in the supply chain in the future. In addition, the development of core technologies has reached bottleneck. To overcome this, it is necessary to develop more original technologies and make up the deficiencies of the domestic circulation.

△ Demands on fresh food distribution and household electronic appliances are igniting new momentum in the market.