The second phase of the Canton Fair opened its gift toy company, etc.

The second phase of the 111th Canton Fair was launched on the 23rd, mainly displaying labor-intensive gifts, toys and other products, but the traffic volume has decreased compared with the previous period. Reporters at the scene found that China’s labor-intensive enterprises, which are “internal and external”, are “looking for opportunities” during the Canton Fair and actively seek solutions.

In the second phase of the Canton Fair, three types of commodities, including consumer goods, gifts, and home accessories, were exhibited, and 17 exhibition areas were set up. Compared with the first-phase electromechanical and mineral products enterprises, the companies exhibiting products in the second phase were even more They tend to be labor-intensive, and they are also more sensitive to rising labor and raw material costs.

Ms. Li, head of Beijing Yuanda International Trade Co., Ltd., which produces fun toys, said that the company’s products are highly dependent on workers, but in recent years, workers’ pay has increased by nearly 50%, which has brought great pressure on the company. On the other hand, unfavorable factors such as the continuous rise in raw material prices and exchange rate fluctuations have not been eliminated, and the foreign trade business can be described as “increasingly difficult”.

Lin Xiaodong, manager of Jiangsu Yixing Fine Pottery Co., Ltd., said that its company's export market is mainly in Europe and the United States. The current foreign trade situation is generally slightly worse than last year, and the orders placed by customers continue to shrink, with small short orders as the mainstay.

Zhang Li, deputy director of the China Foreign Trade Research Department of the Ministry of Commerce Research Institute, pointed out that although the foreign trade environment is not optimistic, the second-phase exhibitors should believe that the financial crisis will bring competition to the enterprises and also bring an opportunity for the integration of strengths. The surviving enterprises will certainly be able to obtain huge business opportunities after the economic recovery.