Taizhou businesses tap opportunities at canton fair

chinadaily.com.cn | Updated: 2019-04-17

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The 125th China Import and Export Fair is held in Guangzhou, East China's Guangdong province on April 15. The photo shows an exhibitor introducing his product to a foreign purchaser at the fair. [Photo by Deng Hua/Xinhua]

A total of 594 companies from Taizhou, East China's Zhejiang province, are participating in China's largest trade fair in Guangzhou in an attempt to expand markets.

The 125th China Import and Export Fair, also known as the Canton Fair, is taking place in Guangzhou, capital city of East China's Guangdong province from April 15 to May 5.

On the fair's first day Taizhou businesses sealed deals worth $39.62 million, a slight uptick of 0.8 percent over the fair's last session.

The spring session of the biannual fair set up 60,651 booths booked by 25,500 enterprises from 210 countries and regions during its three phases.

The Taizhou delegation has booked 1692 booths, including 698 brand booths, accounting for 21.8 percent of the total brands taking part. The figure placed the city in second place in terms of attending brand numbers, the highest ever recorded so far.

A wide range of products covering large machinery, auto parts, household appliances, bathroom equipment and outdoor leisure facilities from Taizhou are exhibited.

Notably, two special sections, occupying 600 square meters in total, are established to display intelligent toilets and new energy e-bikes, two pillar sectors in the city.

Numerous participating companies from Taizhou said that they still have a lot of confidence about tapping markets despite the complex global economic landscape, a feeling largely buoyed by a flurry of measures taken by the nation including slashing of tax and fees, optimizing the business climate and facilitating customs clearing.

Hosted by the Ministry of Commerce and the Guangdong provincial government, the fair has been held every spring and autumn since 1957 and is China's oldest, largest, and most important international trade event.

By the 124th Canton Fair, the event had reached a total value of $1.36 trillion in exports and attracted 8.61 million overseas purchasers.