If you want to trade with China,you have to come to Guangdong.
Guangdong Province,a powerhouse of China’s economy,has reported a new record in its foreign trade for the first three quarters of the year,with imports and exports reaching6.75trillion yuan(about951billion U.S.dollars),a year-on-year increase of11.1percent.
Behind this record-breaking number are countless Chinese and foreign merchants choosing Guangdong as their business hub.The opportunities are immense.
And right now,the136thCanton Fair is probably where those deals are happening.The first phase has just wrapped up,attracting over130,000buyers-a4.6%increase compared to last time.
The enthusiasm is undeniable at one of the world’s largest trade expos,but that brings us to a more central question:Are global merchants really making money here?And if so,how much?
This episode of News Xplained will find out the answers.
Reporter:Xachary Tse,Steven Yuen,Siyuan Chen
Script:Xachary Tse
Video:Xachary Tse
Cameramen:Zijian Liang,Guhe Youth at Sun Yat-sen University
Editor:Will,Steven,James