Chinese Export Rise In Emerging Markets
By Jinhan Fair 01/07/2009
In order to tackle with the global financial turmoil followed by shrinking consumer demands from the traditional markets of Europe and the US, Chinese exporters put more close eyes on domestic market. However, it is painstaking for export-oriented traders to be adapt to selling at home because of different business model, overcapacity and thin profit margin.
Exporting to emerging economies, in this extent, is definitely a good alternative. Hard evidence on the the ground of China＇s exports surge to emerging economies is easy to find. In terms of texitle sector, export value to UAE has reached over 4 billion USD in 2008. Besides, take 105th Canton Fair closed two months ago for example, buyers from Middle East claimed populairty. Lebanon marked the top 10 market for visitor attending in Jinhan Fair this spring season. The rounds of tax rebate hiking with a target to low-value items also make sense in those cost-conscious emerging markets.