Tag Archives: canton fair

Canton Fair down in numbers, up in spirits

The country’s biggest trade fair wrapped up this week with disappointing numbers but buoyant hopes for an upturn, according to local media. This was for two reasons: the US-China trade talks appeared to be edging toward an agreement that could see tariffs start to be lifted; and there had been a surge in orders from Asean countries, i.e., the Belt and Road Initiative appears to be working.

Nothing could dampen the mood of the fair’s irrepressible spokesperson, Xu Bing, deputy director of the China Foreign Trade Centre, who pointed out that although orders were down 1.9% in comparison to last year’s Fall session, they were up from the Spring session held earlier this year: RMB 207.09 billion vs RMB 199.5 billion.

Moreover, although attendance of 186,000 was the lowest since 2017, the 2% decline was less than the 3.9% year-over-year drop at the Spring session.

Continue reading Canton Fair down in numbers, up in spirits

Canton Fair off to slow start

Organizers of the 125th Canton Fair have acknowledged a slow start to this year’s event, amid a challenging global environment. Xu Bing, deputy director general of the China Foreign Trade Center, was quoted by Global Times as saying the fair “is expected to face a bit of pressure” and buyer attendance is likely to disappoint.

The Spring session of the fair, China’s largest trade promotion platform, kicked off today in Guangzhou. It will run in three sessions until mid-May.

As global economic growth is slowing and trade protectionism is on the rise, China’s foreign trade development is facing a more complicated and severe external environment, and the task of stabilizing foreign trade is “arduous,” Xu said. This was evident from invitations, hotel booking rates, and ticket bookings in the runup to the opening this week.

When: April 15-19, April 23-27, May 1-5

Where: China Import and Export Fair Exhibition Hall, Pazhou, Guangzhou

More info here.

Canton Fair to kick off next week

China’s oldest and largest trade fair, Canton Fair (officially named China Import and Export Fair) is to kick off on Monday next week. This latest edition of the biannual event (in Spring and Autumn) is set to exhibit a record number of new generation products, according to the organizer.

Covering 1.2 million square meters of display space, the famous trade fair will feature more than 25,000 exhibitors throughout its three phases. Phase 2 and Phase 3 of the fair will bring more innovative, high-end, unique and diversified products in the consumer products and textiles zone.

Home appliance leaders such as Haier, Midea, TCL, Gree and Changhong will showcase their latest product innovations and technological breakthroughs designed to meet customer needs in the IoT and future 5G era. The gathering will also be joined by global companies including Cascade, Time Lab and NUC, who will display smart home functions and digital services.

Serving as a gateway for international companies to explore the Chinese market, the International Pavilion will feature more than 600 companies from 50 countries and regions showcasing their products. For the first time, the Fair will also highlight the establishment and development of the Greater Bay Area with various exchange meetings to promote trade cooperation.

When: April 15-19, April 23-27, May

Where: China Import and Export Fair Exhibition Hall, Pazhou, Guangzhou

More info here.

PLUS:

Places to wine, dine and party It’s that time of the year again in Guangzhou. Whether you’re a visitor to the city or a local looking to try something new, That’s Guangzhou has rounded up a selection of spots to visit over the course of this season’s Canton Fair. It doesn’t matter if you’re looking for epic local eats, a healthy Western meal, a boozy night on the town, or even delicious Mexican food, this list has you covered! Read more.