S. China Trade Fair Attracts Large Number of Businesses

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Last updated at: (Beijing Time) Wednesday, April 16, 2003

S. China Trade Fair Attracts Large Number of Businesses

The 93rd China Export Commodities Fair, which opened Tuesday in the southern China city Guangzhou,has attracted a high number of participants despite the shadow of severe acute respiratory syndrome (SARS) and the war in Iraq.

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The 93rd China Export Commodities Fair, which opened Tuesday in the southern China city, has attracted a high number of participants despite the shadow of severe acute respiratory syndrome (SARS) and the war in Iraq.

Hundreds of foreign business people swarmed into the exhibition hall right after the opening. Many of them managed to sign orders.

Air-conditioners, refrigerators, sound equipment and other new electrical appliances featuring advanced technologies are proving to be the most attractive to foreign traders at the fair.

Cai Fasheng, a senior manager with Qingdao Haier Group Co., said his company had already signed a trade agreement with Iranian customer Asgari Haddad to export color televisions to his company.

The fair also set up special booths for multinational groups, such as Home Depot of the United States and Auchan of France.

Dashiell Chien, general manager of Home Depot's Shanghai Branch,said that they had established contacts with over 30 Chinese enterprises in the first hour of the fair and scheduled meetings for further detailed negotiations.

Launched in 1957, the China Export Commodities Fair is the biggest biannual event for foreign trade in China.

This year's fair has attracted 9,128 enterprises, and the percentages of private and foreign-funded companies in China is much greater than those of the previous fair.

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