Tuesday, October 30, 2012

Report From the Canton Fair

What to do when orders from Europe and USA decline?  Build new markets!  That is the answer at the Canton Fair.

However, Yao cautioned that China still faced a "grim and complicated environment" in foreign trade, saying global demand remains weak while international competition and trade frictions were intensifying.
Cai Xuqing, general manager of Chaozhou Chenhui Ceramics Group, said the company has been hit hard by the European Commission's anti-dumping investigation of Chinese kitchen ceramics.
"For the whole year, a year-on-year decrease of some 20 percent is predicted, given that the euro debt crisis is still continuing and the anti-dumping investigation has further clouded Chinese exporters' prospects," Cai said.


Also, China gets accused of dumping.  Instead of business people being allowed to sort out any such activity to the benefit of domestic consumers, the Governments get in the way with retaliations and end up harming the consumers.  Sigh.

Feel free to forward this by email to three of your friends.


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