Staff from iAbrasive.com also visited the Canton Fair as interpreters for Zhengzhou Zhongyu Metallic Materials Co., Ltd.
Zhengzhou, China (PRWEB) October 20, 2014
The 116th Canton Fair saw its opening ceremony on Oct. 15, 2014. According to a relevant report, this year the exhibition area was 1,180,000 square meters, containing more than 60,000 exhibiting booths. There were approximately 25,000 exhibitors coming from both China and foreign countries. The exhibitors covered various industries, among which the abrasives industry also played a part. Staff from iAbrasive.com also visited the Canton Fair as interpreters for Zhengzhou Zhongyu Metallic Materials Co., Ltd., an experienced producer of fiberglass backing pads and one-component resin glue.
According to iAbrasive, Phase 1 featured Electronics & Household Appliances, Lighting Equipment, Machinery, Energy Resources, Building Materials, Vehicles & Spare Parts, Hardware & Tools, Chemical Products, etc. On the first day of the Canton Fair, the passenger flow volume was almost the same as what it was in previous fairs. A great many of Chinese exhibitors expressed their concern about the foreign trade exports when faced with the slow global economic recovery and the decline in China's domestic economy.
Fang Aiqing, the deputy minister of the Ministry of Commerce in China, delivered his point of view towards the current market trend upon his attendance in the 116th Canton Fair. He said that since the beginning of 2014, measures taken by all departments and regions have been effective in improving the business environment of China's foreign trade companies, alleviating the burdens on companies and arousing the energy of main market players in China. In addition, he revealed that the Ministry of Commerce in China plans to make further efforts to develop methods to promote the stable sustainable development of China's foreign trade. He appealed that under the current situation, China companies shall target transformation and upgrading, improving quality as well as increasing efficiency. What's more, it is especially true that companies should accommodate themselves to the information era and the e-commerce developing trend so as to improve individual competitiveness.
Phase 2 of the Canton Fair is from 23rd to 27th, Oct., major exhibition range may cover Consumer Goods, Home Decorations, and Gifts; Phase 3 is from 31st , Oct to 4th, Nov., during which Office Supplies, Cases & Bags, Recreation Products, Food, Medicines, Medical Devices, Health Products, Textiles & Garments, Shoes, etc. will be exhibited. iAbrasive.com will continue to report the details about our attendance as visitors and other information relatedwith the 116th Canton Fair.
Author: Liwei Chu
Copyright: iAbrasive.com--Abrasives & Diamond Tools Market