Visiting the Canton Fair Import Exhibition: From Indian Pot to Vietnamese Basket, Foreign Enterprises Form a Group to Seek Business Opportunities

China News Service, Guangzhou, October 25th. Title: Visiting the Canton Fair Import Exhibition: From Indian Pot to Vietnamese Basket, Foreign Enterprises Form a Group to Seek Business Opportunities

China News Service reporter Cheng Jingwei

At the second phase of the 140th China Import and Export Fair (Canton Fair) being held in Guangzhou, Indian exhibitor Prateek Jain brought 12 models of thermal pots. This is his first time to participate in the Canton Fair, and he has already received many intended orders.

In April this year, Pratik Jain came to the 139th Canton Fair to investigate business opportunities. After returning to India, he decided to participate in the 140th Canton Fair. "The Canton Fair is a platform where global buyers gather, and we can quickly find buyers here." He hopes to use the Canton Fair platform to display and promote products and open up market sales.

In recent years, China has become more attractive and valuable as a "world market". Data released by the General Administration of Customs show that in the first eight months of this year, China’s total import value of goods trade was 14.61 trillion yuan, a year-on-year increase of 22%. More and more high-quality global products are entering the Chinese consumer market through platforms such as the Canton Fair and the China International Import Expo, and are integrating into China's industrial chain and supply chain system.

A total of 213 companies from 27 countries and regions participated in the second phase of the Canton Fair, including pavilions from 9 countries including Turkey, South Korea, Japan, India, Egypt, Thailand, Vietnam, Malaysia and Pakistan.

At the exhibition, professional kitchen utensils from India, household products from Thailand, handwoven products from Vietnam and other products are dazzlingly displayed, with both design and practicality.

Exhibitor Min Hyung-ki from South Korea brought more than 30 products including portable cassette stoves and spray guns. He said that the company has participated in the Canton Fair for more than ten consecutive years. Based on the changing needs of Chinese consumers, the company continues to promote innovation and upgrades in product design, performance and other aspects, and continues to obtain purchase orders.

Min Hyung-ki said that the company built a factory in Dalian, China, and established a wholly-owned subsidiary; except for the senior executives of the subsidiary who are Koreans, other employees are basically Chinese locals. "We promote the company's localized operations in China, and also seek more dealers and agents by participating in large exhibitions such as the Canton Fair."

At this Canton Fair, buyers from countries co-building the “Belt and Road” actively signed up, and exhibitors from these countries also actively participated in the exhibition. It is reported that a total of 144 companies from 20 countries jointly building the "Belt and Road" participated in the second phase of the Canton Fair, accounting for nearly 70% of the exhibitors in the second phase of the import exhibition.

At the booth of Artex, a leading company in Vietnamese knitting supplies, many specialty knitted products such as fruit baskets and baskets attracted many buyers to negotiate and place orders on the spot. Company staff said that at the Canton Fair, in addition to connecting with Chinese customers, the company also expanded into the European and American markets.