Canton Fair Hopes Domestic Buyers Offset Export Fall

Source: Xinhua | April 27, 2009, Monday |

Print Edition

FOR the first time in its half-century history, the Canton Fair, known as China's largest export event, welcomed a group of domestic buyers on Saturday, as the organizers hoped domestic deals could offset a fall in export demand.

Representatives of 200 domestic retailers attended the second phase of the fair, which featured consumer goods, gifts and home decorations. "The fair organized these domestic trade companies to make purchases here to support Chinese exporters to stabilize production and employment," said Jiang Zengwei, vice minister of commerce, at the fair held in Guangzhou, capital of Guangdong Province.

Jiang said the move also opened a new purchase channel for domestic retailers.

A purchasing agent of Guoguang Supermarket said many China-made products for export have met strict quality requirements in the United States and Europe. They are recognized as high-quality products domestically.

"Many Chinese exporters used to be satisfied with a booming foreign trade, and were reluctant to do domestic business," said Shang Jinsong, chairman of the board of Shandong Sinoglass Group.

Some exporters apparently felt a bit "at loss" to cope with the crowd of domestic customers. "Our products were designed to cater to European customers. We have not made market surveys to pitch in domestic trade," said Ye Chang'e, manager of an exporter of decoration and ornaments goods.

Economy

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Canton Fair Hopes Domestic Buyers Offset Export Fall

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