广交会上的金融英语
China Import and Export Fair, also called Canton Fair, is held twice a year in Spring and Autumn since it was inaugurated in the Spring of 1957. It is China's largest trade fair of the highest level, of the most complete varieties and of the largest attendance and business turnover. Preserving its traditions, the Fair is a comprehensive and multi-functional event of international importance.Fifty Trading Delegations, being composed of thousands of China's best foreign trade corporations (enterprises) with good credibility and sound financial capabilities, take part in the Fair, including foreign trade companies, factories, scientific research institutions, foreign invested enterprises, wholly foreign-owned enterprises, private enterprises, etc.
Besides traditional way of negotiating against samples, the Fair holds Canton Fair online. The Fair leans to export trade, though import business is also done here. Apart from the above-mentioned, various types of business activities such as economic and technical cooperations and exchanges, commodity inspection, insurance, transportation, advertising, consultation, etc. are also carried out in flexible ways. Business people from all over the world are gathering in Guangzhou, exchanging business information and developing friendship.
The 1st phase of Canton Fair ends successfully
The first phase of the 102th Canton Fair, one of the major import and export fair in China, ended successfully on October 20. Export transaction of this autumn session reached 24.97 billion US dollars, up 4.1% from the spring session and 12.5% from the autumn session last year. The number of international buyers amounted to 123,118, down 9.5% from the spring session and 1.3% from the autumn session last year.
The present fair had better management and larger scale than the previous ones, and the number of attending countries and regions rose from 36 of the last session to 57, Mr. Xu Bing, Deputy Secretary General of the Fair introduced.
By October 20, the Fair had attracted 123,118 overseas buyers from 212 countries and regions, with Asian buyers ranked the first in number, to be followed by Europe. The top three groups in terms of transaction value were Guangdong Group, with a transaction volume up 6.6% to 6.52 billion US dollars, Zhejiang Group, down 2.9% to 3.47 billion US dollars, and Jiangsu Group, up 5.5% to 2.89 billion US dollars.
Developing nations shine at the fair
Exhibitors from developing countries have benefited from the setting up of the Import Pavilion at the ongoing Canton Fair, which reflects the Chinese government's earnest efforts to seek trade balance.
Mo Jun, a sales representative of Lolataya, a air-conditioner trading company from the Philippines, said his company has signed contracts worth $200,000 with buyers from the Middle East, the United States and Latin America in the first two days of the fair itself.
"China's policy to encourage import has given us an opportunity to enter the global markets," said a cheerful Mo.
His company has introduced technologies from Japan to its air-conditioning products, specially targeting the high-end villa markets in China.
"We tried to avoid direct competition with Chinese leading home appliance makers such as Midea and Aux," Mo noted.
Companies from such diverse regions as Southeast Asian countries, far-flung island nations in the Indian Ocean, as well as South America and Africa have gathered to display their products at the Import Pavilion.
These companies feature competitive edges in technologies, resources or labor costs. "Judging just from the decoration of our booth, it's hard to immediately tell that we are an Iranian company," said a manager from Homstar.
The company is mainly engaged in the production of air-conditioners, fans and heaters, the unique design and low prices of which have grabbed the attention of many global buyers. "We have set up a trade company in Dubai and a design house in Milan, Italy," said the manager, adding that all the commodities displayed in his booth have earned the reputation of being stylish products in Italy.
The booth of Turkish company IRAK, which produces daily necessities, is also seeing crowds of domestic and foreign buyers.
"We are confident that our products will get popular in China," said a sales representative of the firm.
In the raw material zone, which has been newly set up in the Import Pavilion, a trade company from Cambodia has signed letters of intent for the export of rubber wood with more than 30 companies.
"The import of rubber wood from Thailand will cost at least $300 per cubic meter, but I can offer a much lower rate. We will now begin exporting to markets in North China," said a company representative.
SARL, a home appliance company from Lebanon, has received financial support from the government to attend Canton Fair.
"Labor costs in Lebanon are low and our's is a hi-tech company," said a SARL manager. It has signed contracts worth $60,000 with buyers from Germany and the Netherlands. African and Latin American exhibitors are also attracting large numbers of buyers with their traditional products.
"We just want to send a message to the Chinese people through Canton Fair, that Costa Rica is a very lovely country," said a manager with Crecex, who is on his first visit to China.
:xiaodongxi :xiaodongxi THE HISTORY IS SO LONG ............. [quote]原帖由 [i]ivyoversea[/i] 于 2007-12-9 22:21 发表 [url=http://www.pinkerclub.net/redirect.php?goto=findpost&pid=103669&ptid=11380][img]http://www.pinkerclub.net/images/common/back.gif[/img][/url]
THE HISTORY IS SO LONG ............. [/quote]
GOOD .. i still remember those days when i worked in the canton fair,wonderful time :bujiele
能有翻译不 I want to go there too, but no chance to attend.
I am very appreciated those who can attend the Canton Fair.:zuaoga :zuaoga :zuaoga :zuaoga :zuaoga it is easy to go there,just take your ID card and some money,if you are a foreigner,there will be much easier:keaibu
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