The China Import and Export Fair, or Canton Fair, is underway in the southern Chinese city of Guangzhou, Guangdong Province, at a time of dwindling domestic demand in the country.
The large-scale international trade fair, which opened on Tuesday, is aimed at promoting sales of Chinese products, including household appliances, machinery, vehicles and others.
The fair's organizers expect more than 130,000 buyers from regions including Southeast Asia, Europe and elsewhere to visit the event.
The value of Chinese exports has risen for six months in a row through September compared with the same months last year.
But the outlook is uncertain due to moves in the United State and Europe to raise import tariffs on Chinese products, including electric vehicles.
A ranking official of a home security camera exporter said the company is keeping an eye on the trade relationships between China and other countries, and is trying to conduct business globally.
China hopes that exports will help drive its economy, amid dwindling domestic demand due to a prolonged slump in the real estate market.
Economists are waiting to see whether the fair will result in expanding the sales of Chinese products.
The large-scale international trade fair, which opened on Tuesday, is aimed at promoting sales of Chinese products, including household appliances, machinery, vehicles and others.
The fair's organizers expect more than 130,000 buyers from regions including Southeast Asia, Europe and elsewhere to visit the event.
The value of Chinese exports has risen for six months in a row through September compared with the same months last year.
But the outlook is uncertain due to moves in the United State and Europe to raise import tariffs on Chinese products, including electric vehicles.
A ranking official of a home security camera exporter said the company is keeping an eye on the trade relationships between China and other countries, and is trying to conduct business globally.
China hopes that exports will help drive its economy, amid dwindling domestic demand due to a prolonged slump in the real estate market.
Economists are waiting to see whether the fair will result in expanding the sales of Chinese products.
Similar Readings (5 items)
China trade fair seeks to shore up slumping exports
China tourism industry gears up for week-long holiday
China International Import Expo opens in Shanghai
Major motor show in China opens despite coronavirus surge
Philippines hosts naval weapons trade fair
Summary
The Canton Fair, a significant international trade event held in Guangzhou, China, is ongoing amidst decreasing domestic demand. The fair aims to boost Chinese product sales, including household appliances, machinery, vehicles, etc. Over 130,000 global buyers are expected. Despite rising exports
Statistics
192
Words1
Read CountDetails
ID: 0f9fe28d-9ed2-4137-a52a-8e1c947ca8bb
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20241015_18/
Date: Oct. 15, 2024
Created: 2024/10/16 07:00
Updated: 2025/12/08 09:48
Last Read: 2024/10/16 07:30