Canton Fair: Optimism Amid Surge in Orders from Emerging Markets

Exhibitors and buyers in a household appliance booth

According to organizers of the 108th Canton Fair, buyers from new markets such as Brazil, Russia, India, and ASEAN countries have soared this session. However, many exhibitors whose profit margins reach only three to five percent remain worried about the impact of the two percent increase in the value of the Renminbi (RMB).

General Manager of the Exporting Department at China Communication Import &Export Corp. said that his company is now targeting emerging markets by launching relatively low-cost lighting equipment to meet the needs of poorer countries.

However, worries concerning the market environment, cargo safety and insurance issues persist among China's exporters. Wang Yiyang, Deputy of the Guangdong Development Institute warned exporters not to neglect US and European markets which remain China s biggest trading partners.

Two buyers in an automobile