113th Canton Fair is the opportunity for rising markets
Canton Fair, being a window for China foreign trading, the most famous exhibition in China is going to be opened on 15th April. Canton Fair is becoming more and more important in rising markets like Latin, Asia and Africa. Buyers and suppliers from those regions are eager for it. They will be gathering in the Spring Canton Fair for business succeeds. The trade amount between rising countries and China had grown by a large margin in the last Canton Fair in China. Business men from all over the world are looking forward to it that would happen again.
Last autumn, 112th Canton Fair had attracted more than 190 thousand of buyers from 211 countries and regions. Besides, there are 522 foreign enterprises from 44 countries participated in it as exhibitors. Most of them came from developing countries, which had a nice wish about the trade with China in the future.
Rafeeque Ahmed, the chairman of Federation of Indian Export Organizations, led trade mission to attend 112th Canton Fair. This mission is consisted of 52 Indian enterprises who had displayed lots of products, such as handmade tool, seasoning and kitchen appliances.
Ahmed explained that Indian enterprises were not only willing to export home electric appliances to China, but they were still working on exporting car parts, medicines, arts and crafts, clothing and so on. He also forecasted that the exporting amount form Indian to China would reach $100 billion before 2018 which with an annual rate of growth about 30%.
Ahmed said that as China is a market with great potential, it would be a challenged but achievable target. Luo Yifeng, a Chinese business man purchased for African retailers during Canton Fair, said the quality products made in China are with competitive price and very popular among wealthy African consumers. He owned some shops in Africa and added that he had purchased products for South African and Tanzanian clients in the last Canton Fair. He also recommended that buyers should notice about the Canton Fair schedule which would be very helpful.
With the development in African continent, the purchase power is changing. In families with income of $5000, they would spend about 50% on Commodity consumption except for food and accommodation. It is estimated that there are about 90 million people are at this level. And it would be 128 million by 2020.
In addition, Canton Fair is a outstanding platform for information collecting. The host welcome all exhibitors to 113th Canton Fair.