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March 2, 2017

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Home » Business » Finance

Buyers seek high-quality products at trade fair

By Feng Jianmin | March 2, 2017, Thursday | Print Edition

BUYERS are seeking high-quality products at the 27th edition of the East China Fair, the country’s largest regional trading fair, which opened yesterday in Shanghai.

Fair organizers have expanded areas for foreign exhibitors to meet the country’s rising demand for quality imported goods.

A total of 449 companies from 18 countries and regions including Japan, South Korea, Russia and Poland showed a wide range of products from food, electric appliances to skin-care products and artifacts.

Tsubasa Corp, which displayed kitchenware, said it has attended the fair for the second time because of the good results it achieved last year, a representative said.

Organizers said the quality of products offered by domestic exhibitors improved this year, with several award-winning companies showcasing advanced materials, batteries and textile production lines.

Responding to the rapid digital growth, the fair has allocated more space for cross-border e-commerce platforms.

A forum on cross-border e-commerce will be held today and tomorrow to facilitate exchange of information between traders and buyers.

This year’s fair boasts 5,670 booths, nearly 200 more than last year’s.

Over 3,900 domestic and foreign traders and an estimated more than 40,000 professional visitors, of whom half hail from overseas, will attend the five-day event, organizers said.

Organizers see the number of buyers attending to rise 10 percent from last year’s fair.

The combined value of exports and imports in Shanghai and six provinces in east China hit 11.6 trillion yuan (US$1.7 trillion) last year, accounting for 47.7 percent of China’s total foreign trade.

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