China’s exporters turn to green production, Made in Vietnam to attract new orders at Canton Fair
- Over US$21 billion worth of orders were placed during the spring session of the Canton Fair, which was held in-person for the first time in three years
- Some 2.9 million people attend the latest session, including 129,006 overseas buyers, with Beijing pledging to shore up trade to support the overall economic recovery
Low-carbon production and factories in Southeast Asia have become fresh tools for Chinese exporters in traditional sectors to seek new orders from Western countries, with around 500,000 green and environmentally friendly products on show at a recently concluded key trade fair.
We have already signed orders worth US$500,000 ... and all of them are from Europe and the US as they attach great importance to recycling and green growth
“We have already signed orders worth US$500,000 at the Canton Fair, and all of them are from Europe and the US as they attach great importance to recycling and green growth,” said Luke Hu, who runs Ningbo Vontone Stationery.
“Last year we imported 200 tonnes of recycled plastic waste from the ocean. And I think we will buy up to 10,000 tonnes on average in the coming two to three years,” added Hu, who is also the authorised distributor in the Greater China region for Plastic Bank, a Vancouver-based for-profit social enterprise.
In total, 2.9 million people attended the latest session of China’s largest trade fair, including 129,006 overseas buyers, according to organisers. During the spring session of the 2019 Canton Fair, transactions hit US$29.3 billion, with 186,000 overseas buyers.
“The attendance of overseas purchasers has not fully recovered, but they were ready to place orders and they ordered more quickly. Many importers also made plans for field trips to factories, hoping for more cooperation onwards,” said Canton Fair organisers
The future is decarbonisation, as we’ve been told by European clients