Written in China and read by professionals
in over 160 countries worldwide





China Briefing is a monthly magazine and daily news service about doing business in China. We cover topics relating to the Chinese economy, the market in China, foreign direct investment and Chinese law and tax. It is written in-house by the foreign investment professionals at Dezan Shira & Associates





Autumn Canton Trade Fair Buyers Increase

GUANGZHOU, Nov. 5 – Overseas visitors to the autumn Canton Trade Fair “appeared 20 percent higher” than the previous two fairs earlier this spring and last autumn according to reports from the local office of Dezan Shira & Associates.

The fair, which is now held every six months, has recently moved to larger premises, while the commodities on offer have also been divided between spring and autumn. The current fair has been textile based.

“Buyers from overseas have shown an increase during this fair over the previous two fairs” said the managing director of Romulus Hong Kong, a major purchaser of textiles and fashion designs for several major Italian brands said yesterday. “It’s still not back to the levels we saw prior to 2007, but it appears healthier than the previous two fairs.”

Textile purchasing in China has taken a hit the past few years due to quota systems being in place on cheap Chinese exports, and the rise of other producers such as India. “The Guangzhou Fair remains an easy way to assess prices and quality” said Romulus, “However we are all keeping an eye open for India to get better organized. But for now Guangzhou is the easiest option.”

An increase in buyers at the fair, the world’s largest, would be considered another small sign that international buyers of some commodities at least, are starting to return to an increase in buying. The previous two fairs had seen the lowest attendance for 20 years.

Buyers at the Guangzhou Fair requiring contractual advice on purchasing and related matters may contact Rosario Di Maggio, regional manager of Dezan Shira & Associates Guangzhou.

This entry was posted in FDI and Foreign Trade, South China. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>



Dezan Shira & Associates


The Asia Briefing Bookstore

Our best selling legal, financial, tax and regional guides to Asia business, industry reports and more…
Click here to view all titles now

China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store

NOW AVAILABLE IN PDF