A massive trade fair is underway in China, as the world's second-largest economy looks to shore up sagging exports.
About 28,000 firms are pitching their wares at one of the country's largest trade fairs, which opened on Sunday in Guangdong Province.
Chinese firms are facing a difficult business environment. Turmoil in the property market is hurting domestic demand, and exports are down.
A representative of a home appliance maker says, "Orders from foreign markets are falling. Kitchen appliances usually do well in Europe, but demand has dropped off significantly this year."
Another manufacturer said Chinese firms face trying times, and they have no choice but to rely on exports.
Organizers of the fair expect over 100,000 foreign buyers from Southeast Asia, the Middle East, Europe and elsewhere.
About 28,000 firms are pitching their wares at one of the country's largest trade fairs, which opened on Sunday in Guangdong Province.
Chinese firms are facing a difficult business environment. Turmoil in the property market is hurting domestic demand, and exports are down.
A representative of a home appliance maker says, "Orders from foreign markets are falling. Kitchen appliances usually do well in Europe, but demand has dropped off significantly this year."
Another manufacturer said Chinese firms face trying times, and they have no choice but to rely on exports.
Organizers of the fair expect over 100,000 foreign buyers from Southeast Asia, the Middle East, Europe and elsewhere.
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Summary
A large trade fair is ongoing in Guangdong Province, China, aiming to boost sagging exports amid challenging business conditions. Approximately 28,000 companies are participating, with organizers expecting over 100,000 foreign buyers from various regions. Chinese firms, experiencing a drop in
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ID: f5fd5afa-2175-4a7b-a9de-f6458021a8c4
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20231016_16/
Date: Oct. 16, 2023
Created: 2023/10/16 13:53
Updated: 2025/12/08 22:32
Last Read: 2023/10/16 15:02