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The 2021 Dongying Export Commodity Cloud Expo (RCEP Special Session) was successfully held

06-10

       To seize the window of opportunity for the implementation and entry into force of the RCEP agreement and leverage policy benefits such as tariff reductions in the RCEP region, supporting foreign trade enterprises in developing markets in ASEAN, Japan, South Korea, and Australia and New Zealand through online means, the Dongying Municipal Bureau of Commerce held the "2021 Dongying Export Commodity Cloud Expo (RCEP Special Session)" on June 3rd.

         A total of 21 domestic foreign trade enterprises and 19 international purchasers participated in this cloud expo. Overseas purchasers came from countries such as Vietnam, Indonesia, Malaysia, South Korea, and Australia. Products exhibited by participating enterprises involved three major categories: auto parts, food and agricultural products, and hardware castings.

       Cai Yinsong, Deputy Director-level Investigator of the Dongying Municipal Bureau of Commerce, and Guo Xinfeng, Deputy Director, attended the opening ceremony and watched the business negotiations. Cai Yinsong, Deputy Director-level Investigator, and Zheng Shixuan, Chairman of the Korea Industrial Sales Research Institute, delivered speeches. Subsequently, based on the needs of both supply and demand and on the basis of precise matching in the early stage, 85 one-on-one online negotiations were conducted between Chinese and foreign enterprises.

       This cloud expo is the second cloud expo held by Dongying City in 2021. Through cloud display and cloud docking, it helps enterprises expand markets, find orders, and maintain market share, effectively alleviating the adverse effects of the continued COVID-19 epidemic on enterprises' participation in overseas exhibitions.

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Zhenghe Exhibition visited Nigerian automotive technology and other industry associations to promote cooperation on the 2025 Nigeria (Lagos) China Goods Expo.

From January 3rd to 6th, 2025, representatives of Zhenghe Exhibition's overseas staff successively visited the secretariat of the Nigerian Automotive Technicians Association (NATA), the Amalgamated Union of Automobile Motor Mechanics and Technicians of Nigeria (AUOMMATON), and the Motor Mechanics and Technicians Association of Nigeria (MOMTAN). This visit primarily focused on in-depth discussions and exchanges regarding cooperation for the 2025 Nigeria (Lagos) China Commodities Fair. During the meetings, representatives of Zhenghe Exhibition's overseas staff introduced the basic situation of the Nigeria (Lagos) China Commodities Fair to the heads of the business associations. The heads of the various business associations acknowledged the significant achievements made by the exhibition in recent years. During the discussions, the three industry association leaders provided detailed information about their respective associations. As leaders and promoters of associations related to the automotive industry in Nigeria, these three associations have a wide influence in Nigeria and even West Africa. Against the backdrop of continuously deepening and upgrading China-Africa cooperation, they expressed high expectations for actively promoting trade cooperation between Nigeria and China in the automotive industry. The heads of the associations also stated their willingness to work with Zhenghe International Exhibition to jointly promote the continuous development of the Nigeria (Lagos) China Commodities Fair, uniformly organize member units to participate in the exhibition, and conduct one-on-one matchmaking discussions with Chinese exhibitors. As Africa's second-largest economy and most populous country, Nigeria has a huge demand for automotive and auto parts products, largely relying on imports. In Nigeria, over 90% of Nigerians tend to choose 'tokunbo' (used cars), which makes the 'tokunbo' distribution business very profitable in Nigeria. With the Nigerian government relaxing age restrictions on imported used cars, the volume of used car imports will further increase. Consequently, the auto parts market, both upstream and downstream of Nigeria's used car industry chain, will also see more opportunities. After years of operation by Chinese automakers, Chinese cars have established considerable 'prestige' in Nigeria. At the same time, the scarcity of local car repair outlets and the high cost of spare parts in Nigeria also indicate immense potential for Chinese auto parts exports to the Nigerian market.

01-09

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Deep cultivation of fertile soil ensures abundant blossoms - The 2025 Nigeria Lagos China Commodities Fair embarks on a new journey!

Nigeria is an important trade partner and investment destination for China in Africa, and also China's largest contracted project market in Africa. In 2023, the new contract value for Chinese enterprises' contracted engineering business in Nigeria reached 10.45 billion USD, with a turnover of 3.98 billion USD. On September 3, 2024, China and Nigeria issued a joint statement announcing the establishment of a comprehensive strategic partnership, promoting the building of a high-level China-Nigeria community with a shared future, and explicitly strengthening cooperation in areas such as infrastructure construction. Chinese Products are Hot-selling in the Nigerian Market under the Framework of China-Africa Cooperation According to data from the General Administration of Customs, from January to July 2024, China's imports and exports with Africa totaled 1.19 trillion CNY, a year-on-year increase of 5.5%. In 2023, China-Africa trade reached a historical peak of 282.1 billion USD, a year-on-year increase of 1.5%, demonstrating the strong resilience of China-Africa trade. Among them, trade between Nigeria and China is booming. In 2023, the total trade volume between China and Nigeria soared to an astonishing 281.777 billion USD, with China's exports to Nigeria reaching 172.469 billion USD, highlighting the immense appeal of Chinese products in the Nigerian market. The main hot-selling products fall into the following major categories: 1. Electromechanical Products and Agricultural Machinery Products From efficient power generation equipment to reliable electrical products, China's electromechanical products have continuously met Nigeria's growing needs and directly promoted the rapid development of its infrastructure construction. In addition, hardware tools, power tools, construction machinery, and other electromechanical products are also very popular. The import of agricultural machinery, food machinery, and packaging machinery has adapted to the development needs of Nigeria's agriculture and food processing industries. At the same time, industrial manufacturing-related electromechanical products such as machine tools provide strong support for Nigeria's industrial development. 2. Textile and Garment Products Nigeria is Africa's most populous country, with a current population exceeding 227 million, leading to huge domestic market demand. Textiles and clothing are major export items from China to Nigeria, accounting for 15% of China's total exports to Nigeria. Statistics show that in 2022, Nigeria's textile and garment imports reached 110 million USD, with China being its largest source country, accounting for approximately 47% of the total imports, almost half. As Nigeria's urbanization accelerates, more young people are eager to express themselves. In terms of fabrics, wax prints with unique craftsmanship and patterns, and brightly colored African jacquard fabrics are popular; for finished garments, shirts and sportswear with Chinese cultural elements or designs that align with local aesthetic preferences are highly sought after; regarding accessories, exquisite embroidery and unique buttons could also be among the featured products. 3. Auto Parts Products Nigeria is considered Africa's largest potential automotive market. In Nigeria, over 90% of Nigerians prefer "tokunbo" (used cars), making the "tokunbo" distribution business very profitable in Nigeria. With the Nigerian government relaxing age restrictions on imported used cars, the volume of used car imports will further increase. Therefore, the auto parts market, both upstream and downstream of Nigeria's used car industry chain, will also see more opportunities. 4. Wigs and Hair Products Eight out of every 10 Nigerian women wear wigs. Nigerian women have a particular preference for wigs and hair extensions, creating a substantial market for hair products of various sizes and prices. Furthermore, there is also significant demand for hair care products such as shampoos, relaxers, hair creams, and detangling brushes. 5. Building Materials, Hardware Accessories With the acceleration of urbanization and the continuous advancement of infrastructure construction in Africa, the African building materials and hardware market is showing vigorous development. 70% of hardware products in the African market rely on imports. The demand for hardware products is mainly concentrated in saw blades, steel pipes, and various types of mechanical hardware. From "Whether to Go" to "How to Go," Enterprises "Have a Soft Spot" for the African Market From surveying the Nigerian market in 2002 to bringing the Nigeria (Lagos) China Commodities Expo to the public's attention in 2007. In the blink of an eye, Zhenghe Exhibition has been organizing the Nigeria (Lagos) China Commodities Expo for over 17 years. Throughout the 53 years of China-Nigeria diplomatic relations, Zhenghe Exhibition has made every effort to actively assist in deepening the economic and trade relations between enterprises of both countries! Over these 17 years, we have organized thousands of enterprises from over 20 provinces and cities, including Hebei, Jilin, Liaoning, Shandong, Fujian, Zhejiang, Henan, Hubei, Hunan, Jiangsu, Anhui, Guangdong, Beijing, Shanghai, Tianjin, and Chongqing, to participate in the exhibition. Exhibits covered various fields such as agricultural machinery, vehicles and parts, construction machinery, hardware building materials, power equipment and new energy products, textiles and garments, beauty products, and daily necessities. With the strong support of the nation, we worked together with the participating enterprises to overcome difficulties, enabling each exhibiting enterprise to take root, blossom, and bear fruit in Nigeria! According to incomplete statistics, the 2024 Nigeria Lagos China Commodities Expo achieved an intended transaction volume of 82 million USD on-site, with many popular products signed on the spot. 2025, Embarking on a New Journey In nearly two decades of deeply cultivating Africa, we have witnessed the beautiful scenery and unique charm of the African continent, and even more strongly felt the African people's fervent aspiration and passionate pursuit of a better life. We have also jointly witnessed the transformation of Chinese enterprises in Africa from scratch to growth, from daily necessities to steel, aluminum, and mechanical equipment. The African market has demonstrated unprecedented investment potential and development opportunities. At this critical period in the development of China-Africa relations, Zhenghe Exhibition will actively combine our "first-mover advantage" with "African endowments," act as a bridge, and facilitate more "Made in China" products entering and becoming popular in Africa.

12-06

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Helping companies expand into the North American market, the dates for the 2025 Las Vegas International Auto Parts (AAPEX SHOW) and Custom Car Show (SEMA SHOW) have been set!

The Automotive Aftermarket Products Expo (AAPEX) in Las Vegas, USA, is a professional auto parts exhibition organized by the Automotive Equipment and Parts Market Association of the United States. As the largest automotive manufacturing trade fair in North America, it receives strong support from the US Department of Commerce. AAPEX SHOW is a gathering place for high-quality buyers and sellers of auto parts and other markets from all over the world, and it is also an essential path for Chinese businesses to enter the North American and even European auto parts markets. 2024 Exhibition Data The 2024 AAPEX exhibition covered an area of 40,000 square meters, attracting approximately 2,700 exhibitors and more than 60,000 professional visitors. It represents the leading event in the global automotive aftermarket industry, valued at over \$2.3 trillion. In 2024, there were over 1,300 exhibitors from China, with an exhibition area of nearly 13,000 square meters. The number of Chinese exhibitors accounts for approximately 50% of the total number of exhibitors. Zhenghe and AAPEX From 2007 to 2024, Zhenghe International Exhibition Co., Ltd. has served as a first-level agency, organizing VIP companies to participate in the exhibition for 18 consecutive years. In 2024, Zhenghe Exhibition organized participating companies to showcase products including gears, bearings, springs, automotive mufflers, automotive exterior parts, brake discs/pads, radiators and their components, automotive electrical appliances, and other related auto parts. Zhenghe Exhibition's professional services and meticulous organization provide participating companies with a high-quality platform to showcase their products and expand international markets. 2025 Exhibition Schedule Exhibition Name: 2025 USA Las Vegas International Auto Parts (AAPEX SHOW) and Modified Car Show (SEMA SHOW) Date: November 4-6, 2025 Location: Las Vegas, USA Exhibit Range 1. Automotive aftermarket service market product series: various auto parts, seat belts, brake parts, chassis, clutches, transmissions and gearboxes, lifting equipment, service equipment, debugging equipment, special tools, repair equipment, automotive electrical appliances, audio, electronic equipment, air conditioning, anti-theft products, automotive lighting, automotive beauty supplies, automotive decoration supplies, tires and wheels, transportation vehicles, etc. 2. Special exhibition areas include: mechanical repair shops; paint, body and equipment; tools and equipment; medium and heavy trucks; sport utility vehicles, automotive technology, mobile electronics/e-commerce, and international automotive associations. Market Analysis The North American market is the world's largest auto parts demand market. The market capacity for auto parts products in the United States alone is \$60 billion, with more than half relying on imports. Automotive bearings, axles, and hydraulic components are advantageous products in the North American market, with huge development potential. From the data of the US aftermarket, the growth of the average vehicle age is robust and irreversible, maintaining sufficient resilience even in years of declining new car sales or economic downturns. This demonstrates strong counter-cyclical attributes and sufficient growth space. From the market structure, the US auto parts industry has experienced large-scale mergers and acquisitions, resulting in a continuous increase in concentration. The proportion of the top four auto parts companies' stores increased from 7.3% in 1995 to 49.3% in 2023. Although the US market is very large, tariff issues are worth considering for businesses. Businesses can: Diversify market layout: By diversifying market layouts, tariff risks can be dispersed, and overall risk resistance can be improved. Strengthen localized production: In response to tariff issues in the US market, companies can consider establishing production bases in the US or neighboring countries to achieve localized production. This not only avoids tariff risks but also reduces logistics costs and improves product competitiveness. Utilize free trade agreements: Trading through countries or regions that have signed FTAs with the US can enjoy lower tariff rates, or even zero tariffs. Improve product added value: Improve product added value through technological innovation and brand building to enhance product competitiveness. With the prosperity of the global automotive market, the overseas expansion of the auto parts industry chain has also attracted much attention. From January to September 2024, the cumulative export value of Chinese automotive parts products reached \$78.2 billion, a year-on-year increase of 4.6%. The data shows that despite global economic challenges, China's auto parts exports have maintained a stable growth trend.

11-20

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