Ningbo Enterprises Scored Orders of US$ 900 million at Canton Fair
- Details
- Category: Governmental News
- Published: Tuesday, 23 October 2012 14:21
The first phase of the 112th Session of the Canton Fair was closed on October 19. News came from the municipal Bureau of Foreign Trade & Economic Cooperation that Ningbo trading group won a total of 900 million US dollars’ orders, ranking the forefront of the achievement list.
It was learned that products exhibited in the fair ranges from electronics, household appliances, lightings, vehicles and accessories to hardware and tools. Among them, Ningbo enterprises were famous for its export of household appliances and electronics.
In recent years, Ningbo enterprises faced a severe situation of sluggish oversea demand, appreciation of the RMB and protectionism. However, some Ningbo enterprises still made outstanding performances by accurately seizing purchaser’s demand, especially for some high-tech and energy-saving products. Special promotion and introduction shows given by some Ningbo enterprises have attracted the purchasers’ strong interest.
According to statistics, even with a smaller share than before, traditional markets including the EU and US were still the largest purchasers. However, the emerging markets including Russia, Brazil, India, Ukraine and South Africa offered a larger demand and orders from these areas increased significantly.
