China’s so­lu­tions up­grade global trade: ex­pert

Guangzhou’s ‘Can­ton Fair’ brings world’s busi­nesses to­gether

Global Times US Edition - - BIZUPDATE - By Wang Yi in Guangzhou

China’s so­lu­tions are up­grad­ing the global trade lib­er­al­iza­tion, and pro­mot­ing world traders to re­al­ize health­ier busi­ness growth, an ex­pert said dur­ing an in­ter­na­tional trade fo­rum as the 124th China Im­port and Ex­port Fair, also known as “Can­ton Fair”, which kicked off in Guangzhou on Mon­day.

“Over the past 40 years’ re­form and open­ing-up, China’s for­eign trade has made re­mark­able achieve­ments. It has played an in­creas­ingly im­por­tant role in the de­vel­op­ment of global eco­nom­ics and trade,” said Gu Xuem­ing, pres­i­dent of the Chi­nese Academy of In­ter­na­tional Trade and Eco­nomic Co­op­er­a­tion.

“China’s so­lu­tions are to en­hance the level of global trade lib­er­al­iza­tion, and pro­mote the sus­tain­able and healthy de­vel­op­ment of world trade,” Gu added.

He also noted that China is ac­cel­er­at­ing the trans­for­ma­tion to a ma­jor trade power, pro­vid­ing the world with a broader Chi­nese mar­ket and more pub­lic prod­ucts.

As many as 25,583 ex­hibitors, in­clud­ing 636 im­port ex­hibitors from 34 coun­tries and re­gions, started their dem- on­stra­tions to at­tract a mas­sive num­ber of buy­ers from all over the world at­tend­ing the Can­ton Fair.

“The rea­son we keep com­ing back to the Can­ton Fair is we are get­ting a di­verse mix of cus­tomers around the world,” Christo­pher Arthan, in­ter­na­tional Sales & Mar­ket­ing di­rec­tor of UK-based Cas­cade Hold­ings, told the Global Times.

“We’re here look­ing to ex­pand our busi­ness into as many coun­tries as we pos­si­bly can,” Arthan added.

Some for­eign traders also con­sid­ered the Can­ton Fair as an im­por­tant event, which is help­ing them broadly con­nect to cus­tomers.

The Can­ton Fair is an es­sen­tial plat­form for South Korean com­pa­nies which must come for the pur­pose of pro­mot­ing their busi­ness to the world, Jisu Lim, China sales di­vi­sion Gen­eral Man­ager of NUC Elec­tron­ics China Co Ltd, told the Global Times.

“It’s very im­por­tant for our com­pany to come to Guangzhou, and al­most 30 to 40 per­cent of our cus­tomers are from here,” Lim said.

“At present, China has es­tab­lished trade re­la­tions with al­most all coun­tries and re­gions in the world. China’s re­form and open­ing-up has ush­ered in a fifth stage, ex­pe­ri­enc­ing for­eign trade trans­for­ma­tion and up­grad­ing, to­wards high qual­ity and ef­fi­ciency,”Gu said.

Those who do not have any cus­tomers in China con­sider Can­ton Fair as an im­por­tant meet­ing spot to get in touch with traders from other coun­tries.

“We don’t ex­port to china. We ex­port to Africa, South Asia and the Mid­dle East,” Sukun Ahmed, ex­port man­ager of Royal Fans told the Global Times.

“Every­body from around the world comes here, we can build our re­la­tion­ship with clients,” he said.

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