One of China’s largest trade fairs has gotten underway in the southern city of Guangzhou. It is being held at a time when many Chinese exporters are looking for new markets as the US-China trade dispute heats up.
The China Import and Export Fair opened on Monday. More than 25,000 firms are taking part.
On display are a wide range of products, from home appliances to electronics equipment.
An official from one home appliance maker in Guangdong Province says it’s looking for alternatives to the United States as a source of business. It says its top-selling products, including kitchen devices and ventilation fans, are now subject to higher US tariffs.
The official says US policies are not rational and do not serve the interests of consumers.
He says he’s looking for new clients from Russia, Australia and Southeast Asian nations.
China’s trade surplus with the US increased sharply in September, as companies rushed to boost shipments before Washington imposed new sanctions.
Many of these firms are concerned that exports will start to slow down from October.— NHK WORLD