112th Canton Fair New Trend: the emerging market merchants increased significantly

The 112^th China Import and Export Fair have been opened for several days. China Import and Export Fair were known as “China Trade Wind Vane.” There is a huge change caused by European debt crisis continued effect, foreign trade enterprises which relying on low-cost winning strategy feel the cold wind, so you can see the number of merchants come from European and America is down. 

People from Europe and the United States decrease but many emerging markets increase

"The familiar faces of the buyers in Europe and the United States basically have not, but the emerging markets like Africa, Middle East, South America and other customers getting much." Yesterday, a client of our ECVV international trade platform which operate a motorbike company told to me that their motorcycle export in the first half of this year more than one hundred million U.S. dollars decline over the same period last year. And the General Administration of Customs recently announced foreign trade data, which seems to corroborate: September, exports grew by 9.9% and compared to the months of July and August has been warmer, but still negative, the growth rate of China's exports to the EU is -10.7%.

Zhang, another general manager client of the ECVV international trade platform have been participated 32 times of Fair. Yesterday, he told reporters that afternoon two or three, actually customers queuing up to talk about the order which is too strange. In previous years, the Canton Fair the next day will gradually hilarious. This year, a 20% decline in orders from Europe Fortunately, emerging markets is rising.

The past two months, orders rebounded significantly from Africa and Southeast Asia. The biggest is order up to 5,000 units, approximately $ 2 million. "Mr. Zhang said, and, relative than last year the largest single order up to tens of millions of dollars there is still a gap, but after all, is a positive signal.

Zhang said that the day yesterday alone, they have gains of $ 2.05 million agreement orders, all from the emerging markets, including tool orders of $ 750 000 (South America, Eastern Europe), farm machinery orders $ 500,000 (former Soviet Union), parts orders 45 million (the Middle East), and other machinery products, $ 350,000. Estimate in Fair 5 days, the turnover will up to $ 15 million.

Last month, the State Council passed the eight policy measures to promote the steady growth of foreign trade (referred to as "the country's eight"); subsequently issued a number of opinions "to promote the steady growth of foreign trade. Yesterday, the Municipal Foreign Economic and Trade Commission said the above combination in time before the introduction of the Fair opened, the meaning of "testing the waters" is obvious. These policies are based on the relief burden on SMEs, enterprises dare to make orders. Some enterprises orders’ will and confidence is significantly enhanced.