How time flies! With a twinkling of eye, it has been over 50 years since the fist Canton Fair started. Recently, the 109th Canton Fair has been held with great success, attracting merchants from home and abroad. Out of surprise, we can see that China is playing a more important role in trading.
The Canton Fair is short for China Import and Export Fair. It was first held in 1957, with the aim to expand Canton’s trading volume and to attract more investment. It is also a big stage for ambitious corporations to show themselves. At this year’s fair, a large number of merchants gathered at this place to put the best of their products on display. According to the host, the trading volume will be announced recently. It is predictable that this fair has a huge influence on the trading community and thus the popularity it has.
However, problems also exist. According to some analysis, the Canton Fair hasn’t gone out of the shadow of the economic crisis in the western world. One piece of evidence is the slight declining of the foreign trade’s recovery speed but it has something to do with the sharp increase of that number last year. Overall, the 109th Canton Fair reflects that our foreign trade environment is in amelioration. The foreign trade is on the rise.
Many famous companies have joined this fair, for example the MH industry. This firm is one of the biggest companies in China selling garment accessories. It has anticipated in this fair for 18 times. Without exception, MH anticipated the 109th Canton Fair as well. It also gained many achievements.
Not only the MH industry has gained achievements, many other companies have gained something as well. Like the Guizhou province, it has gained a 120 million bill during this fair. Another notable sign of the Canton Fair is that many green products are beginning to control the market. Products which are low-carbon and environmental-friendly are dominant in the market. There are signs indicating that many companies are making great efforts to green their products in order to make themselves more competitive and to enhance their ability to deal with trading barriers. However, many companies become more cautions when making deals. It is mostly influenced by the fluctuating market and the lack of the crude materials and the sluggish economy. For example, Weihai has gained a shrinking profit space because of the lack of labor, the fluctuating interest and the rising price of the crude materials. But luckily, its trading volume has increased by 7.6% compared to last year.
Ningbo MH Industry Co., Ltd. is one of the largest enterprises in China that specializes in manufacture and sales of garment accessories and tailoring materials. The main products vary from lace, threads, tapes, buttons, zippers, fabrics and other tailoring materials. Check our products at http://www.mh-chine.com/
Related Hsbc Merchant Account Articles