China had a very big technology show in the city of Hangzhou. It was a global event with many visitors. Companies from all over the world came to see the new technology. The show was called the Global Digital Trade Expo.
At the expo, Chinese companies showed many new things. They showed robots, smart home devices, and new ideas for digital entertainment. China wanted to show the world that it is a leader in technology. This was an important message for other countries, like the U.S.
The expo also showed the ambition of Chinese businesses. They want to sell their products everywhere. This helps trade between China and other countries. The event was very big and looked successful from the outside.
But inside China, companies have a big problem. Many companies make the same things. This means it is very hard to make money. The competition is strong, and this makes business difficult for everyone.