Day: April 19, 2022

GUANGZHOU, China, April 19, 2022 /PRNewswire/ — The 131^st Canton Fair kicked off online on April 15. On the online event, a number of handicraft and gift exhibitors from Taizhou, Zhejiang Province will release their new series aimed at young consumers, in the hopes of increasing sales in the overseas markets.

Xianju County, which is administered by Taizhou and is recognized as China’s Best Producer of Handicrafts and Gifts, has focused on creating handicrafts and gifts since the 1960s. However, the County originally lacked all of the essential components to become what it is today: it was short of innovative technology, and local brands with their own IP merchandise. Fortunately, with the help of the Canton Fair and other major foreign trade and commerce platforms, local businesses have increased their R&D and product design spending step by step. As a result, they’ve continued to develop a large number of fascinating products characterized by cutting-edge technology and classic attractions. These innovative goods are gaining popularity among young people both at home and abroad. For example, thanks to their unique and fashionable styles, high-tech lighting products that can be controlled remotely or with inductors and sensors are a big hit with young adults worldwide.

China is not only a country that values etiquette, but it is also the world’s largest producer of gifts. In 2008, China accounted for over 60% of the global market share in the gift sector. In recent years, led by the “Intelligent Manufacturing in China” strategy, China’s handicraft and gift businesses have focused even more on product innovation and brand upgrading. Therefore, in previous Canton Fair sessions, products that incorporated Chinese traditional and cultural styles, educational toys for small children, festive lightings and many other creative products manufactured in China were quite popular and sold well.

Alan Liu, Deputy Director General of the Foreign Affairs Office of the Canton Fair, told the press that as young adults’ spending power increases, many domestic gift exhibitors made it a priority to adjust their brand strategies to better suit young customers. The Canton Fair will continue to serve as a bridge for global trade, promoting more novel and fashionable China-made gifts that appeal to the young population in the world.

Visit https://www.cantonfair.org.cn/en-US/register/index#/foreign-email for more opportunities.

GUANGZHOU, China, April 19, 2022 /PRNewswire/ — Two events of the 131^st Canton Fair Virtual Promotion, with one between China and Argentina and the other between China and Colombia, were recently held to promote trade in electronics and household appliances.

Such distinguished guests attended and addressed the meeting as Xu Tianshu, Third Secretary at the Economic and Commercial Counsellor’s Office, Embassy of the People’s Republic of China in Argentina and Yu Yi, Deputy Director General of the Foreign Affairs Office of the Canton Fair. Around 300 Argentine and Colombian representatives of industry and commerce associations, buyers and suppliers took part in the online events.

Mr. Yu presented what’s new about the 131^st Canton Fair during the online events, with a focus on the official website’s latest functions and updates. He also extended a warm welcome to all participating Latin American businesses and looked forward to active engagement. In addition, several guests gave individual speeches in the virtual promotion events, expecting broader exchanges, deeper friendship and more common development between Chinese and Latin American industrial and commercial communities.

Electronics and household appliance manufacturers based in Yibin, Sichuan Province and Zhuhai, Guangdong Province connected with Latin American buyers online to promote their products. The Chinese companies and their Latin American counterparts discussed a variety of topics, including product functionalities and import and export regulations. The two virtual promotion activities saw active interaction and heated discussions among the participating suppliers and buyers on a wide range of matters, garnering positive feedback from the attendees.

Trade and investment cooperation is booming between China and Latin America, two major emerging market economies. Despite the global spread of the COVID-19 pandemic and a slow recovery of the global economy, the total China-Latin America trade volume set a new record in 2021, exceeding 450 billion US dollars. Meanwhile, China remains Latin America’s second-largest trading partner, demonstrating the resilience and great potential of economic cooperation between the two economies. The 131^st Canton Fair intends to support China’s all-round opening-up to the world, high-quality international trade and facilitate the dual circulations of domestic and international markets. As a result, the Fair will continue to showcase the market potential of China’s major trading partners, with a focus on expanding partnerships between China and Latin America and other emerging markets.

Visit https://www.cantonfair.org.cn/en-US/register/index#/foreign-email  for more opportunities.