Canton Fair Chinese exporters value the EU market

by:JIYALI     2021-08-13
Orders from the United States decreased by 20% in the first quarter of this year, and we put more hope on European customers. Shen Zhimin, business manager of Zhejiang Cathaya International Co., Ltd., said at the 103rd China Import and Export Fair (Canton Fair).   Affected by factors such as the US subprime mortgage crisis and the appreciation of the renminbi, China’s exports have encountered unprecedented difficulties this year. After the weakness in the US market, Chinese exporters have devoted more energy to opening up the relatively stable EU market.   In fact, Chinese products have maintained a good appeal to EU buyers. European merchants can be seen everywhere at the Canton Fair, which is large in scale and has an exhibition area of u200bu200bmore than 800,000 square meters.   As of April 19, there were 22,121 European buyers attending the meeting, of which more than 1,800 merchants from Britain, Italy and Spain, and more than 2,000 merchants from France.   The trade volume between China and Europe in 2007 exceeded US$356 billion, a year-on-year increase of 27%. The European Union was China's largest trading partner in the first quarter of this year. The total bilateral trade value between China and the EU was US$93.92 billion, an increase of 24.7%.   The European Union's ambassador to China Seri Anbo believes that the current economies of China and Europe are already in a highly dependent state. He believes that China and the EU need to further cooperate in the economic and trade field to deal with some global issues.   In recent years, driven by the sustained and rapid growth of the Chinese economy, China’s export structure to the EU has begun to change. In the past, it was mainly based on low-value-added textile and mechanical and electrical products to trade in high-tech products. Liu Liping, general manager of centerWay Import and Export Trading Co., Ltd. from Wuhan, Hubei, said that we specialize in the production of heating plates for household kitchen utensils, which were only sold in the country before, but in the past few years, due to efforts to improve the technical content of the products, we have won Many European merchants have higher profit margins when exporting to Europe compared to other markets.   Because they are optimistic about the EU market, some powerful Chinese companies have begun to explore directly entering EU countries for Ru0026D or production. A commissioner of the overseas exhibition of the Chinese home appliance manufacturer Hisense Group said that since 2002, Hisense Group has established plasma color TV production bases in Hungary and France. Last year, it also established the first Chinese color TV company's Ru0026D center in Europe in the Netherlands.
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