Canton Fair: There's No Stopping Opportunity
By China Foreign Trade Centre cftc, PRNESunday, May 9, 2010
Impressive Numbers out for the China Import & Export Fair
GUANGZHOU, China, May 11, 2010 - Those most successful in business tend to see adversity not as an
obstacle, but as an opportunity. Year in and year out, nearly a quarter
million perspicacious sellers and buyers from around the world have the
foresight to look beyond economic conditions and fiscal forecasts to seek
real profit. This year, many headed to the Canton Fair, organized by the
China Foreign Trade Centre, to do just that.
General Manager of Taiwan Star Industrial Inc., Mr. Lee, came to
Guangdong for the seventh time. His insistence on doing business at the Fair,
even in bad fiscal weather, has paid off: since last year alone, his company
has seen a remarkable 10% increase in orders. It's not difficult to see how.
Ranging from industrial machinery to chemical coatings, textiles and
beyond, the 107th installment of the Canton Fair boasted more than 150,000
different types of products on display. For anybody with a knack for
business, such a wide spectrum represents nothing less than a goldmine; it's
be there or be square. Even for those who only have time to visit a fraction
of the 56,000 booths at the Fair — like the busy Mr. Lee — opportunity
usually comes knocking.
When it comes to the international economy, cloudy skies are often the
topic of conversation. At the Canton Fair, it's all about the silver lining.
Here, not only are Chinese products of first-class quality, but foreign
products possess unprecedented demand in the Chinese market. Unsurprisingly,
a growing number of people have begun to figure this out.
The number of foreign buyers in attendance maintained steady growth this
year, coming from most all major markets including Asia, the Americas, Africa
and Oceania. But according to what President of the Malaysia-China Chamber of
Commerce Datuk Yong Ah Pwi had seen, the increasing number of participants
from smaller, emerging markets shows that the world economy has already
undergone an initial rebound, as has consumer confidence.
As of May 4, figures counted an impressive 203,996 buyers from 212
countries and regions in attendance. Meanwhile, export turnover has already
climbed to $34.3 billion USD. The Canton Fair has indeed become the choice
destination for active participants in the global economic recovery.
Mr. Xiaoying Wu, +86-20-8913-8628
Tags: China, China Foreign Trade Centre (CFTC), Europe, Guangzhou, May 11, Middle East