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East China Fair to open in city on Sunday
Online Edition
DESPITE being close to the Spring Festival holiday, the East China Fair has been fully prepared and will open on Sunday as the original schedule, according to the fair organizers.
So far, 3,378 companies have booked 115,000 square meters of booths, the same as last year, among which 204 are overseas exhibitors.
"Some small companies decided to quit the fair this year because of limited time for preparation as the Spring Festival holiday has just concluded," said You Yongsheng, an official at the Shanghai Commission of Commerce. "But the majority of the exhibitors managed to overcome the difficulties and tried to present their best products at the fair."
The East China Fair, the country's earliest and biggest regional trade show initiated in 1991, will run from Sunday to Thursday at the Shanghai New International Expo Center in the Pudong New Area.
Visitors can expect better services at the fair this year, ranging from online registration, e-tickets to digital guides in Chinese, English, Japanese and Korean languages.
Export orders worth US$2.8 billion were clinched at 2014's fair, which attracted 21,433 visitors from 117 countries and regions to attend.
"It has become a branded fair and an instrument to predict China's trade performance in the following months," You said.
The weakening yuan may serve as an incentive for exporters this year, You said, especially for the targeted exhibitors at the fair, which focuses on clothes, textile, gifts and daily consumer goods.
The fair used to be slated towards exports. It transited into a platform for both exporters and importers two years ago as a response to China's strategy of balancing trade.
This year, exhibitors from Japan and South Korea have registered for large spaces to showcase their products, while those from Lithuania, Columbia, Nepal, Thailand, Pakistan, Sri Lanka, Zambia, Western Samoa and China's Hong Kong, Taiwan and Macao will also take part.
China's trade plummeted in January with exports declining 3.2 percent and imports tumbling 19.7 percent -- both worse than expected.
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