Jiaxing delegation generates $59m at Canton Fair
A booth set up by Jiaxing-based Haining Heng'anda Trading Co Ltd at the 130th China Import and Export Fair. [Photo/cnjxol.com]
A delegation consisting of 349 companies from Jiaxing, East China's Zhejiang province generated $59.43 million in sales at the 130th edition of the China Import and Export Fair, also known as the Canton Fair, which was held from Oct 15 to 19 in Guangzhou, Guangdong province.
The tool cabinet developed by Jiaxing-based Pinghu Chenda Storage Office Co Ltd won the silver award at the Canton Fair Design Awards.
Unlike its previous version, the award-winning tool cabinet is made of plastics and stainless steel and has more functions.
According to a staff member of Chengda, the company exported about $30 million worth of the newly-developed tool cabinet and its sales revenue is expected to increase 20 percent year-on-year in 2022.
Jiaxing Layo Import and Export Co Ltd, a leading foreign trade company, also participated in the fair. Since the pandemic broke out in 2020, Layo has made efforts to expand its presence in the countries involved in the Belt and Road Initiative.
This year, the value of the company's exports to BRI countries has amounted to $80 million, a year-on-year increase of 39 percent.
Another exhibitor Jiaxing Jieshun Travel Products Co Ltd obtained orders worth more than $150,000 in the first three days of the Canton Fair.
This edition of the Canton Fair attracted more than 33,700 companies providing both goods and services to showcase their wares, as well as introduce their services. About 26,000 companies from home and abroad participated in the fair's online component this year, with a record high number of 2.82 million exhibits submitted, while 7,795 companies traveled to Guangzhou to attend the on-site component of the event.