News this week: The 117th China Import and Export Fair (Canton Fair) concluded its spring edition on 5th May at
the China Import and Export Fair Complex. Organised by the China Foreign Trade Centre (CFTC), the organiser reported a
year-on-year increase of 3% in the number of regular buyers to over 52,000. Compared
with the autumn session in 2014, the number of overall buyers was mostly flat
at 184,801 – originating from 216 countries and regions.
The CFTC reported
the number of buyers from Asia, the Americas, Africa and Oceania showed
encouraging year-on-year growth. Additionally, the number of buyers from
countries relevant to China’s “One Belt, One Road”
amounted to more than 80,000. Market weakness saw attendees from Europe drop by
18% compared to the autumn session to 30,383.
Chinese
manufacturers of smart appliances used the Canton Fair to showcase their latest
hi-tech products. Smart products by the likes of Haier, Midea and Chigo
accounted for roughly half of the products exhibited by leading home appliance
brands, in response to Beijing’s call for increased innovation.
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