122nd Canton Fair Embraces Christmas: Retailer Confidence Recovers with Chinese Suppliers# Maturing Design Capabilities

Stocks and Financial Services Press Releases Tuesday November 7, 2017 10:04
GUANGZHOU, China--7 Nov--PRNewswire/InfoQuest

The 122nd China Import and Export Fair (Canton Fair) has reported brisk transaction at phase two of the exhibition, which focused on consumer goods, gifts and home decorations. Statistics provided by Tianjin Trading Delegation show that trade volume by Oct 25 has increased by 60% year-on-year; Nanjing Trading Delegation witnessed trade volume by Oct 26 up by 12.33% over the previous session. Exhibitors have also reported that design quality and smart manufacturing are the most important core competences of vendors that buyers are evaluating in the areas of consumer goods, gifts and home decorations.

https://photos.prnasia.com/prnvar/20171106/1984324-1
Gao Xiaolin, General Manager of Graceful Arts Industrial, a leader in the home decorations industry, noted that the brand has emphasized creating its own style of home decorations since it was founded in 1990.

"In the early days, most companies relied mainly on manufacturing, but more clients have started to appreciate and recognize our strength in design over the past two years," said Gao, "The Canton Fair offers a great opportunity for us to connect with clients while gaining useful information for our future designs."

Victor Zhou, CEO of Eagle Gifts, a leading holiday gift manufacturer, explained that the company is now capable of providing one-stop complete solutions worldwide, a highlight of which is customized design proposals.

"There are many companies in Europe, like England, that are using our design plans, including top British retailers. They have very specific requirements for holiday gift products and we can accommodate their needs from the beginning to the final stage of sales," Zhou said.

According the Zhejiang Trading Delegation, 90 percent of the companies that produce household supplies, kitchenware and tableware products are predicting that they will see steady or increased export growth. Even though problems like increased costs, exchange rate fluctuations and increased competition are still faced by the exporters, more and more companies are starting to emphasize their products' value-added components, and that they are not just providing products for clients, but also data, information and personalized management.

"We think that ideas are the soul of products," said Maggie Pu, Deputy Director General of the Foreign Affairs Office of the Canton Fair. "Canton Fair offers a platform for everyone to share inspirations, allowing worldwide merchants and buyers to exchange with suppliers at minimal time and economic cost while staying on top of the latest trends. We are also very open to suppliers and sincerely hope that more exhibitors and buyers can catch up with old friends and meet new friends at Canton Fair every year."

About Canton Fair

The China Import and Export Fair, also known as the Canton Fair, has been held biannually in Guangzhou since 1957. It is the largest exhibition with the widest array of products, most diverse selection of buyers and highest business turnover in China.

For more information, visit: http://www.cantonfair.org.cn/en/index.aspx
Photo - https://photos.prnasia.com/prnh/20171106/1984324-1

Latest Press Release

Photo Release: KBank joins forces with Electronics Extreme for online gaming top-up via K-Payment Gateway

Mr. Akaranant Thitasirivit (third from right), KBank First Senior Vice President, and Mr. Thanin Piromward (third from left), Chief Executive Officer of Electronics Extreme Co., Ltd., Thailand's leading provider of online games including Ragnarok Online,...

Photo Release: EXIM Thailand Joins Berne Union Spring Meeting 2019

Mr. Pisit Serewiwattana (third right), President of Export-Import Bank of Thailand (EXIM Thailand) and EXIM Thailand's executives recently presented export direct lending and outlook for CLMV market as well as discussing various issues with more than 80...

Thanachart Bank posts strong first quarter profit growth

Thanachart Bank Public Company Limited reported net profit of 3,650 million baht for the three months ending 31 March 2019, with pre-tax earnings increasing 18.7% compared to the same period last year. Mr. Praphan Anupongongarch, CEO and President of...

Bangkok Bank reports first quarter 2019 net profit of Baht 9,028 million

Thailand's economic growth in 2019 is expected to be 3.8 percent, decreasing from 4.1 percent in 2018. Amid slower world trade and risks from the US trade policies, exports declined for the first two months of the year. This has squeezed manufacturing...

KASIKORNBANK announces the first quarter of 2019 net profit of Baht 10,044 Million

Mr. Predee Daochai, President of KASIKORNBANK, said although domestic economic activities continued to grow during the first quarter of 2019, the overall economic recovery remained weak on the back of the slowing growth in the export and tourism sectors...

Related Topics