The 115Th Canton Fair: European And American Economic Recovery And RMB Depreciation

China's import and Export Commodities Fair (P), two times a year, is now open to the world's customers again.

This is her 115th exhibition.

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< p > when the RMB exchange rate entered a two-way fluctuation channel and the new trade situation of "double fall" of China's import and export trade data in the first quarter of this year, the Canton Fair, as a "barometer of foreign trade", attracted many eyes.

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Many of the exhibitors have some doubts before attending the 115 Canton Fair. First, after the RMB exchange rate bid farewell to the "unilateral appreciation", will the foreign businessmen take advantage of this as a gimmick to press down the price at the Canton Fair? Two, it is the recovery of the European and American economies. Can the Canton Fair bring any surprises? Three is the foreign trade data which is not very strong in the first quarter. Does it imply the signs of Chinese traditional foreign trade going downhill? < /p > p

< p > the first phase of Canton Fair has just started today, and there is no clear answer.

However, we may look for clues from yesterday's official news conference held by the Canton Fair, as well as the feedback from some foreign trade enterprises.

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< p > < strong > keyword 1: steady progress, < /strong > /p >

< < p > > from the < < a href= > http://sjfzxm.com/news/index_s.asp > > the Canton Fair < /a >, the news release report shows that the Canton Fair has basically changed its structure in the exhibition pattern and booth arrangement compared with the previous session. The number of booths has increased slightly, and the number of exhibitors has increased slightly. The 115th Canton Fair still has 50 exhibition areas according to 15 categories of commodities.

A slight change in the export exhibition area is the addition of outdoor spa facilities and accessories and swimming pool equipment to the exhibition area, and renamed the exhibition of iron ornaments and outdoor spa facilities, and the booth size increased from 70 to 230.

In the import exhibition area, the first phase of the first phase set up an electronic product innovation exhibition area, focusing on attracting overseas high-tech, innovative design of electronic products business exhibitors; while the third phase of import exhibition increased the theme of home textiles.

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< p > < strong > keyword 2: economic recovery in Europe and America < /strong > /p >

< p > Easter is a very important festival in the Western year. This year's Easter is April 20th, coinciding with the first issue of Canton Fair.

A spokesman for the Canton fair said that this will have a certain impact on European and American businessmen.

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< p > Easter is a day to commemorate the resurrection of Jesus, and is the most important Christian festival.

Christian western countries usually spend a few days before and after Easter. For example, the United States usually includes three days off on weekends, and Canada and many European countries usually have 4 days off.

In addition, China's Hongkong will also have 4 days off during Easter, and this year's holiday will be from April 17th to 21st.

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< p > although the Canton Fair coincides with Easter, some buyers from Europe and the United States may give up the "a href=" http://sjfzxm.com/news/index_s.asp "purchase" /a for the Canton fair because of the festival, but the "rhythm" of the economic recovery in Europe and the United States appears to be showing.

April is the peak season of Hongkong's exhibition. Zhou Qiliang, vice president of Hongkong's TDC, said in a media interview that the signs of economic recovery in Europe and America have recently appeared in the Hongkong exhibition market.

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< p >, he said, the recent Hongkong exhibition procurement "active", the number of buyers will continue to grow.

Affected by the global economy, Hongkong's exhibitions have been driven by buyers in emerging markets in the past few years, but buyers in some European countries have recently become active. American buyers have gained double-digit growth in the recently concluded Hongkong International Spring Show, and the signs of recovery are clear.

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< p > < strong > keyword 3: RMB devaluation < /strong > < /p >

"P >" since the beginning of this year, the RMB has begun to depreciate, and then its exchange rate has entered a two-way fluctuation channel.

Therefore, during the current Canton Fair, some foreign businessmen may devalue the RMB as a gimmick, and exhibitors should be well prepared for this.

Mr. Hugo, an exhibitor from Canton Fair in Shanghai, said to Mr. Wang.

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< p > he revealed that some clients of his company had recently begun to ask for price cuts on the basis of the depreciation of the renminbi.

"Their reason is:" when the renminbi appreciated, you raised the price to sell me, now the renminbi depreciates, your price also must drop! "

In the face of this requirement, I think foreign trade enterprises must have an external caliber within the company, for example, the renminbi is not always depreciating, but entering a two-way fluctuation channel. We are also facing great exchange rate risk.

Mr. Yan said.

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"P," he said, there will be such a requirement that is basically the older customers with longer cooperation.

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< p > < strong > keyword 4: the decline of traditional foreign trade? < /strong > < /p >

< p > the General Administration of Customs issued China's import and export situation in the first quarter of April 10th, and imports and exports, exports and imports all declined.

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A spokesman for the General Administration of customs, P, said that this shows that foreign trade has indeed encountered some difficulties, but it can not overestimate these difficulties. In the first quarter of last year, there were some special factors in China's foreign trade and imports, which pushed up the year-on-year base.

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< p > however, a foreign trade personage analysis of Hugo net said that although it is impossible to judge that the traditional foreign trade really began to decline, but from a large number of foreign consumers through e-commerce channels from China across the border online shopping, and more and more enterprises to do online cross-border small wholesale, perhaps we can see that the traditional trade distance recession should not be far away.

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< p > "cross border" a href= "http://sjfzxm.com/news/index_s.asp" > electricity supplier < /a > retail outlet and small order export, has already taken away many orders of traditional foreign trade enterprises.

In addition, many cross-border retailers are shifting orders to Southeast Asia, India, Bangladesh and other countries, and snatch many orders from Chinese enterprises.

There are so many consumers around the world, so I think that after the continuous diversion of orders, the decline of traditional Chinese foreign trade is a big trend, unless we can start to pform the high-tech, value-added products such as export aircraft, large machinery and equipment to the European and American countries.

The source said.

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