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MPT Products Become the Best Choice in the 117th Canton Fair

MPT Products Become the Best Choice in the 117th Canton Fair

On April 19, the 117th China Import and Export Fair (Canton Fair), Phase I, ends in Guangdong. During the 5 days, MPT sales team has a big harvest, with total bathes of customers accepted basically same with that in the 115th Spring Canton Fair in the same period last year.

Foreign trade business keeps fluctuating, and number of buyers shows a relative decline
As reported from official data, during the first four days of the Phase I, totally 92719 buyers come to the fair, dropping 8.38% from last Spring Fair (the 115th Fair), with different grades of participation drop of buyers from America, Europe, Asia, and Australia, etc. The global economy is now at a deep adjustment period, and Chinas foreign trade is facing great downturn. Although the foreign trade volume shows a positive trend, it is still at a fluctuation state. 
Exhibitors generally reflect that buyers have kept a cautious attitude in placing orders as they did in previous fairs. Though more buyers consult about products and ask for quotation than those in last year, they dont have strong purchase intention. Buyers who finally reach orders are mainly old customers, while more new customers would like to wait and see, and cannot place orders easily. Almost 60% of companies have basically same order quantity in the fair with that in last fair. Almost 20% of them have increased orders, while almost 20% of them have decreased ones. Some are pleased with their deals, but some are not. Deals in brand exhibition area are generally more optimistic.

MPT Team at the Exhibition

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