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Monumental Spring Canton Fair Comes to an End 5/6/2011

The 2011 Spring Canton fair came to a close yesterday, May 5th. This year’s import and export fair is considered a monumental session in the event’s 50 year history. Held each year, in Spring and Autumn, businesspeople from all over the world pour their way through the 55 million square meter facility over the course of the 15 day event in Guangzhou. The deals transacted from this session totaled more than 36 billion U.S. dollars, up 5.8% from last year’s Spring session. The fair attracted a record number of foreign traders as well; more than 207,000 foreign traders from more than 150 countries passed through the fair this year.

Although there were fears of this year’s numbers being down due to the economic conditions, business transactions this Spring were very much so on the rise.

The amount of exports with some of the big players rose quite a bit this year. Buyers from the United States entered into 12.4 percent more deals than last spring. European buyers also increased their transactions by 14 percent. Even more impressive than that are the number of deals enacted with the emerging markets of Brazil and Russia, that rose 30 percent this year.

Other countries however saw a decrease in transactions for various reasons. Reports have indicated that trade dropped by 19 percent with Japan due to the various reasons associated with the recent disasters.

Overall, the largest trade fair in China was another giant success. If anyone has any stories or pictures from this Spring’s show, we would love to see them!

Sources:

http://english.cri.cn/6826/2011/04/21/1461s633505.htm\
http://english.peopledaily.com.cn/90001/90778/90861/7371496.html
http://www.china.org.cn/business/2011-05/06/content_22506711.htm

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108th Canton Fair Review 11/2/2010

Oh my goodness. Never in my life have I experienced anything like the Canton Fair. Literally hundreds of thousands of visitors and tens of thousands of companies exhibiting under one roof. It seemed to be about 3 times the size of the biggest trade show I had ever been to previously in Shanghai.

The fair (which actually continues until November 4th) is the 108th edition of the fair that started 1957. As I mentioned in a previous post about the Canton Fair, I attended this massive trade event that took place last month at the Canton Import and Export Fair Complex located in Guangzhou, China. I was really looking forward to using the fair as an opportunity to identify a few new Chinese Suppliers of furniture for a new project I am working on.    After a few hours (and about 12 miles) of walking around the grounds, I had made a few contacts and had to head back to the airport for a flight to Beijing.  The fair takes place twice every year at the same location.  If you are looking for a trade show to go to in China, I would highly recommend the Canton Fair if you are looking for products in any of the following categories:

Electronics & Household Electrical Appliances, Lighting Equipment, Vehicles & Spare Parts, Machinery, Hardware & Tools, Building Materials, Chemical Products, Consumer Goods, Gifts, Home Decorations, Textiles & Garments, Shoes, Office Supplies, Cases & Bags & Recreation Products, Medicines, Medical Devices & Health Products, Food & Native Produce

The 109th China Import and Export Fair Dates:

Phase One: 15th-19th April, 2011 9:30-18:00

Phase Two: 23rd-27th April, 2011 9:30-18:00

Phase Three: 1st – 5th May, 2011 9:30-18:00

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Guangzhou and Guangdong: What is the difference? 10/21/2010

Guangzhou and Guangdong: What is the difference?

In today’s post I will demystify the difference between two similar-looking words, with two very different meanings. Guangdong (pronounced Gwong-dong) is Southern China’s economic center and one of the wealthiest provinces in China.  Guangzhou (pronounced Gwong-jhoe) is the largest city in the Guangdong province and has been China’s leading international commercial port for over 2,000 years. Guangzhou is the political, economic and cultural center of the province. (See map below)

Guangdong Guangzhou
Type Province City
Location Southeastern China Coast Guangdong Province
Population 95.44 Million USD (2008) 7.6072 Million (2006)
GDP 572.12 Billion USD(2009) 133.5 Billion USD (2009)
FDI 19.2 Billion USD (2009) 11.244 Billion USD (2009)


How did Guangzhou become so strong?

Guangzhou, also called Canton or Kwangchow, is one of the biggest economic zones in China (3rd to be exact), thanks to its proximity to the extremely successful regions of Hong Kong, Macau and its premier access to the Pearl River Delta. The success of these regions began spilling over into Guangdong when labor rates began to increase with the cost of living in Hong Kong. Guangdong’s labor wages are about half of the average monthly wage in Hong Kong.

Guangzhou has grown quickly by offering investment incentives that have helped to attract over 170 of the world’s top 500 multinational companies. The foreign enterprises contributed 11.244 Billion (USD) in foreign capital in 2009; which is over half of the entire province’s FDI. Guangzhou is now the main manufacturing core of the Pearl River Delta region.

Building strength over time, Guangzhou earned 133.5 Billion (USD) GDP in 2009. That is nearly 25% of the entire province’s gross domestic product! With this accomplishment, Guangzhou became the first city in Mainland China to have a per capita GDP of over 10,000 USD.

There is so much going on there!

Guangzhou is also home to the China Import and Export Fair (aka the Canton Fair) which takes place every October and April. The Canton Fair is by far China’s largest and oldest trade fair that been running for over 50 years. Each fair now stretches over three days in order to fit in all of the participants and exhibitors.

Some impressive stats about the Canton Fair:

>200,000 Buyers
>200 countries in attendance
>23,000 Exhibitors
>55,000 Booths
>200 Football Fields in Area (>1.1 Million Sq. Meters)

Some helpful resources I found:

Guangdong Manufacturing & Investment Guide

Guangzhou Government Resource

Invest Guangzhou

Canton Fair Resource

Another China Resource

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China's Canton Fair – October 2010 10/7/2010

Personally I’ve never been to the Canton Fair.  I’ve heard its quite an event and i have always wanted to attend.

Therefore, I’m excited that later this month I am going to attend the 108th Canton Fair  a.k.a. “China Import and Export Fair” in Guangzhou.    I’ll be there during Phase 2 for the Consumer Goods, Gifts, and Home Decorations show.

The Canton Fair takes place twice annually; once in the fall and once in the spring.  The first fair was held in April of 1957 and it has become a major international event over the last 50 years.  With 11 million square feet and more than 55,000 booths, it is China’s largest trade fair.  I’ve heard it’s quite impressive, attracting more than 200,000 overseas buyers every year.  I’ll be sure to provide a trade show review after attending…..stay tuned!

If you are headed to the fair, I thought it might be helpful to list out a few resources that might help with travel to Guangzhou, etc.:

Hope to see you there!

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