2nd Phase of 110th Canton Fair opens
2011-October-26 Source: english.gz.gov.cn
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Rocking Mattress: The gently rocking mattress helps you get into sleep. The middle part of the mattress can rise to massage your waist and stretch your spine, thereby producing the therapeutic effects of relieving fatigue.

 

Cross-stitch Embroidery: The embroidery, featuring a blend of Chinese and Western styles, sells for a whopping $300 apiece.

 

Simulation Toys: A doggies in sound sleep, with its belly rises and falls slightly with each breathe. Clap your hands lightly, and the sleeping kitten will wake up and roll across the ground laughing itself into convulsions. A gibbon is swinging back and forth on a hanger rod.

The much-anticipated second phase of the 110th Canton Fair began October 23 at the Pazhou Exhibition Complex and will run through October 27. The fair consists of 17 exhibition halls devoted to three categories of products – daily consumables, gifts, and home ornaments.

The organizers have announced a decision not to publish data for the first phase but to release data for both phases at the conclusion of the fair. Statistics from the past three days indicate less-than-satisfactory results. The past three days saw only 93,000 overseas visitors, up merely 2.6 percent over the spring session, and export deals worth US$ 10.19 billion, up merely 4.2 percent over the first phase and 14.5 percent over the same period last year.

Mechanical and electronic products typically account for approximately 60 percent of the deals closed at the Canton Fairs. However, according to the China Chamber of Commerce for Mechanical and Electronic Products, in the past three days, US$ 8.86 billion worth of mechanical and electronic products were traded, rising just 5.2 percent over the first phase and 15 percent over the same period last year, and accounting for 86.9 percent of the total number of deals at the fair.

Compared with the manufacturers of mechanical and electronic products in the first phase of the fair, manufacturers of the daily consumables, gifts and home ornaments exhibited in the second phase are more labor-intensive, and they feel the pinch of mounting labor and material costs. With Europe and North America in recession, toy makers are facing new serious challenges, and many exporters have increase animation features, eco-friendliness and technical sophistication for their products in order to secure more orders to survive the "harsh winter".

Moreover, with the acceleration of the European debt crisis, many exhibitors in the first phase reported declining purchasing power in the European and American markets, but Europe and North America are the primary markets for exhibitors in the second phase. It remains to be seen how these two major difficulties can be overcome.

(Translated by Guangzhou Association of Foreign Affairs Translators)

Editor: Olivia
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