The 34th edition of Chinaplas has been rescheduled to April 13-16, 2021, at a new venue –– Shenzhen World Exhibition & Convention Center. This will be the first time for Chinaplas to be held in Shenzhen. The trade fair will alternate between Shenzhen (odd years) and Shanghai (even years) in the future, continuing to empower upstream and downstream plastics and rubber companies to uncover greater opportunities in the new phase of China’s economic development.
Adsale Exhibition Services Ltd., organizer of Chinaplas 2021, held a press conference at 20:00 (Beijing time) on June 23, leveraging online video conferencing tools for the first time to virtually communicate and interact with more than 100 Chinese and international media. During the press conference, Mr. Stanley Chu, Chairman of Adsale, Ms. Ada Leung, General Manager of Adsale, and Ms. Norris Chu, Project Director of Adsale, announced the latest updates about the trade show, shared word of emerging developments from a new starting point, and discussed post-pandemic opportunities in the plastics and rubber industries.
Focus on Greater Bay Area’s geographic advantages
“Shenzhen combines China’s enormous market potential and its unique geographic advantages, and the upcoming Chinaplas will help to position the plastics and rubber industries to seize new growth opportunities,” Ada Leung said.
Unparalleled advantages of domestic market – Impacted by COVID-19 pandemic, the global economy is in a deep recession. Facing downward pressure from foreign trade, China’s State Council is redirecting the economic focus from export to a domestic-demand-driven model as the new normal. China’s 1.4-plus-billion population and 400-plus-million middle-income consumers represent the largest such grouping in the world, with consumption potential unmatched by any other economy. The expansion of China’s middle class has created tremendous potential for consumption upgrading. In recent years, some labor-intensive and low-end manufacturing work has shifted to other countries. The impact of COVID-19 is reshuffling the global economy and triggering major changes in manufacturing supply chains. China is repositioning itself in the global value chain and climbing toward the higher-end with high-tech products increasingly flowing from China to overseas markets, including such items as communications equipment, high-speed rail systems, and drones. Driven by research and innovation, industries continue to reform and upgrade, in turn increasing the demand for innovation and smart manufacturing in the plastics and rubber industries. In addition, China is actively responding to plastics pollution, accelerating green and sustainable development, and creating market demand for much-needed recycling and green technologies.
Greater Bay Area, major upside for the industries – The Guangdong-Hong Kong-Macau Greater Bay Area is the largest bay area in the world, accounting for 0.6% of China’s land area, 5% of its population, and 12% of the national Gross Domestic Product. Its GDP is expected to reach 28.9 trillion RMB (about US$4.09 trillion) by 2030, ranking among the top 10 economies in the world. The "9+2" cities” are accelerating their coordinated development, building a vibrant world-class city cluster, and stimulating new economic momentum. The Greater Bay Area is not only an international center of scientific and technological innovation, but also the most concentrated region for plastics processing in China. Plastic products output within the nine cities reached 11.17 million metric tons in 2019, representing more than 13.6% of the national total (second only to Zhejiang Province) or 83.4% of Guangdong Province’s total output. The region’s huge market, together with its abundant resources and strong innovation, will help to further advance the plastics and rubber industries.
Shenzhen at full throttle – Shenzhen was made a Pilot Demonstration Area in 2019, as well as being one of the core engines of the Greater Bay Area. In 2018, the total industrial added-value of the Greater Bay Area reached 2.82 trillion RMB (about US$399 billion), of which Shenzhen accounted for the lion’s share of 32.3%. "Technology + Innovation" is Shenzhen’s business profile, with more than 3 million companies located there, including Huawei, ZTE, Tencent, DJI, BYD, TCL and other industrial leaders. In 2018, Guangdong Province invested 270.47 billion RMB (US$38.3 billion) into R&D funding – the highest in China – and Shenzhen was the leading city within Guangdong.