Foreign buyers will throng the vast halls of China's biggest trade expo from Monday, scouting for deals on Chinese goods that U.S. and European governments complain are flooding global markets.
Loss of confidence in Saint Mary's leadership | SaltWireBEIJING - Foreign buyers will throng the vast halls of China 's biggest trade expo from Monday, scouting for deals on Chinese goods that U.S. and European governments complain are flooding global markets .
But deep and prolonged factory gate deflation has become a concern domestically as well, as many manufacturers - especially at the lower technological end - are locked in a price war, competing for rigid and tepid global demand. Around 93,000 foreign buyers are expected to attend the three-week long fair, perusing the goods of 28,600 exhibitors selling everything from massage chairs and frying pans to garden ornaments in booths covering a 1.5 million square metre space - or 280 football fields.
Regular Canton fair exhibitor Kris Lin, who owns a lighting products factory in the eastern province of Zhejiang, spent tens of thousands of yuan to rent a booth this year, but he's not travelling with great expectations. Some $22.3 billion worth of deals were signed at the last Canton Fair in October, up 2.8% on the April 2023 show - which was the first after three years of pandemic disruptions. That's still well below pre-COVID returns of around $30 billion.
China Trade Expo Foreign Buyers Chinese Goods U.S. European Governments Global Markets
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