'Low price' is the word at China's largest trade show
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Foreign buyers will attend China's 135th Canton Fair, where the keyword will be 'low price'. China's shift towards its manufacturing complex and away from its property sector is causing concern in the US and EU. The fair will showcase China's efforts to move up the value chain. The majority of factories in the 'new three' industries of electric vehicles, batteries, and solar energy are less sophisticated, and depressed domestic demand leaves them reliant on foreign buyers. The fair is expected to attract around 93,000 foreign buyers and 28,600 exhibitors. Deals worth US$22.3 billion were signed at the last Canton Fair. The lower numbers may reflect a drop in value rather than volume due to producer price deflation in China. The fair is seen as a contradiction between developed countries' government preferences and micro-level business priorities.

#China #TradeShow #CantonFair #LowPrice #Manufacturing #Exports

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