Country for PR: China
Contributor: PR Newswire Asia (China)
Tuesday, July 02 2019 - 11:00
AsiaNet
Canton Fair Highlights Chinese R&D Capability with Self-owned Brands
GUANGZHOU, China, July 2, 2019 /PRNewswire-AsiaNet/--

The China Import and Export Fair (Canton Fair or "the Fair")  has seen a 
significant trade opportunity for self-owned brands. The Fair's Brand Zone has 
achieved trade volume of USD 8.56 billion at its recently-closed 125th 
exhibition, accounting for 28.8 percent of total turnover. 

Experience the interactive Multichannel News Release here: 
https://www.multivu.com/players/English/8568251-canton-fair-highlights-self-owned-brands/ 


Xu Bing, Spokesperson of the Canton Fair and Deputy Director General of China 
Foreign Trade Centre, noted that although facing uncertainty under the current 
trade environment, companies at the Canton Fair have presented their 
accelerated research and development capability offering technological 
breakthroughs, product innovations and brand cultivation by showcasing quality 
and value-added self-owned branded products at the Fair. 

Buyers at this year's Fair showed a growing interest in home-grown 
technologies, with an emphasis on quality and service rather than price. Some 
of the best sellers this year included a robot vacuum, real-time voice 
translator, virtual reality gaming and full-screen home theatre devices. 

Innovation and creativity in design were especially pronounced in the textile 
industry this year. Companies, such as Shanghai Silk Group Co., Ltd, a clothing 
giant in China, noted that product development has become essential to 
production. Shanghai Silk Group has registered a trademark for its private 
brand Lily in more than 80 countries and is now opening stores in the Belt and 
Road Initiative (BRI) countries. Its presence at this year's Canton Fair has 
helped the company receive orders from 50 countries. 

Value-added products are also widely received by international businesses at 
the Fair. Pearl River Bridge, one of the earliest brands of Soy Sauce for the 
global market, now presents in over 120 countries and regions, launched the 
brands first organic soy sauce and gluten-free product range as a response to 
growing demand. The demonstration of its innovation development at the Canton 
Fair has helped establish businesses in BRI countries and raise profits in 
Russia by more than 10 percent. 

For more information, visit: http://www.cantonfair.org.cn/en/index.aspx

Canton Fair
The China Import and Export Fair, also known as the Canton Fair, is held 
biannually in Guangzhou every spring and fall. Established in 1957, the fair is 
now a comprehensive exhibition with the longest history, highest level, largest 
scale and largest number of products as well as the broadest distribution of 
buyer origins and the highest business turnover in China.

Source: Canton Fair
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