Foreign merchants cash in on Chinese expos

If you were a trader, would you come to China and begin your business? Traders from Pakistan shared their experience. In their opinion, China is quite suitable to start their business.

Abdul gave himself the Chinese name Yang Guang (Sunshine), which describes his mood when he runs his leather jacket business in China.

On Saturday morning, his booth at the Shanxi Cultural Industries Fair in the northern Chinese city of Taiyuan was crowded with buyers trying on clothes or bargaining with him.

image credit: internet

Abdul, 28, first came to China five years ago, following his elder brother who was doing well in the business. So far, he has been to similar fairs in more than 40 cities and spends 20 days a month in the country.

He is among many foreign merchants seeking their fortune in China through expos, which are more flexible and cheaper than opening stores.

According to a report issued by the Ministry of Commerce in June, the scale of Chinese expos remains the largest in 2016, with more than 5,500 fairs staged that year.

"Leather jackets from Pakistan are world-renowned. Muslims eat lots of lamb, so we have lots of sheepskin, and many Chinese makers came to Pakistan for that," Abdul said.

He said that a long leather jacket made in Pakistan at his booth would be sold for 2,500 yuan (376 U.S. dollars) while a Chinese-made counterpart of the same quality would be priced at 8,000 to 10,000 yuan.

In China, Abdul makes twice as much compared with that in his hometown. "In Pakistan the competition is cut-throat, since leather jackets are everywhere," he said.

Jay Kay from Myanmar made 500,000 yuan a year from his jade business in China. He came to China seven years ago and attends more than 30 expos across the country each year.

"Selling jade is not hard in China. It has so many people who love jade," the 28-year-old said in fluent Chinese, adding that he stays in China for 10 months a year.

Pema Lama took part in 15 fairs during the past two years in China. Trading Buddhist items, such as Thangka painting, he earns 150,000 yuan a year, almost the same compared with his income in Nepal.

However, his choice to go to China was not just about money.

"I wanted to have my own business, and I did it. I could only work for others in Nepal," he said. "I wish I had come here earlier."

The 45-year-old has also been to India and Italy.

"But the business in China is the best. I don't know why," he said.

David from Mali, who sells tambourines at the Taiyuan expo, said he did exceptionally brisk business at biennial expos in the cities of Kunming and Lanzhou, since "people had waited a long time and desire foreign goods."

"China is very open and friendly; expos are a good example," he said.

If you were also thinking about doing business in China, make sure to find a good platform, one like welcome to egtcp.com.

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Belt and Road Initiative benefits Egypt-China cooperation

Huge opportunities for cooperation between China and Egypt with respect to mutual trade and investment will be promoted by The Belt and Road Initiative.

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 "The philosophy of the initiative is based on the concept of development as well as trade," said Mohamed Fayez Farahat, head of the Asian Studies program in state-run Ahram Center for Political and Strategic Studies.

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Proposed by Chinese President Xi Jinping in 2013, the Belt and Road Initiative aims at reviving ancient land and sea trade routes that link China with many countries in Asia, African and Europe via trade and infrastructure networks.

"The initiative by nature provides support for development process in Egypt because the maritime path of the Belt and Road would pass through the Suez Canal," said Farahat who is scheduled to attend the Belt and Road Forum for International Cooperation in Beijing on May 14 and 15.

Egypt has recently adopted reform policies and austerity measures, borrowing loans to revive its economy that has been ailing due to the eruption of two uprisings and the ouster of two presidents which caused flee of investments and tourists.

"The Belt and Road Initiative depends on huge financing capabilities and institutions that stand behind it, and Egypt could benefit by getting support and loans for carrying out developmental projects with better and easier conditions unlike the difficult system of the western financing institutions," Farahat added.

The diversity and the richness of the initiative's aspects that would cover coordinating policies, advancing the infrastructure and integrating the financial cooperation among the partners, would create several fields of cooperation with Egypt, he explained.

Farahat foresees the logistics, the ports and the infrastructure of the developmental projects "would constitute a breakthrough of cooperation between the two countries."

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Given the problems facing globalization in recent years, the Asian Affairs researcher predicts China will witness "massive transitions."

"China which represents a successful model in development, essentially based on industrial fields, would pay more attention to the logistic sector to push the train of economic development in the region including Egypt," he said.

Egypt's parliament on Sunday passed a long-awaited investment law that would create incentives the country needs to bring back investors after years of turmoil.

The new law is expected to boost much-needed investments by cutting down bureaucracy, especially for starting new logistics and ports projects around the Suez Canal.

China is the largest investor in the development of Egypt's Suez Canal Corridor which emerged in 1998. The Suez Canal Economicl Zone, covering a total area of 461 sq km and comprising of four sections and six ports, would facilitate the presence of foreign investors.

"I expect China would contribute largely to enhancing the developmental sector in Egypt, whose peace and stability are the base of those of the Middle East," Farahat said, adding that by supporting Egypt, China would secure those mega infrastructure projects that would pass through the Belt and Road Initiative's path."

As a member of the Asian Infrastructure Investment Bank, Egypt could also benefit from funding its infrastructure projects with easier conditions, he added.

The expert, who is expected to deliver a speech during the Belt and Road Forum for International Cooperation on the challenges that would face the implementation of the initiative, "sees large scope for the initiative's success."

The expert sees the Belt and Road Initiative needs to get out of the official governmental garment and be publicized at the people levels.

"The countries along the Belt and Road path should work on marketing the initiative as a project that the people believe in, which is the challenge now."

However, he pointed out some factors of success including that China enjoys a high level of credibility among the developing and growing countries; it has very good and special ties with different international partners, and its history lacks any negative implications with regards to imperialism or hegemony.

Reiterating that "the initiative was built on the idea of openness and not conflict," the expert explained the initiative seeks cooperation and integration which manifested in China's memberships in the Arab League, G20, the Asian Bank and ASEAN.

He also hailed the initiative because it does not seek conflict with the existing international system, but integration with the world financial institution like the World Bank.

"This is the first time for launching an international initiative that would seek development, especially the infrastructure, besides trade," He said.

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Trump's let China open its market to American beef as the start of trade enforcement

China has agreed once more to allow U.S. beef exports to that country, ending a ban in effect since 2003. The deal was struck over the weekend between President Donald Trump and China President Xi Jinping, according to the Financial Times. 

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After meeting with Chinese officials at Mar-a-lago last week, Treasury Secretary Steven Mnuchin appeared optimistic that a number of quick deals could be reached.

“We focused specifically on a more balanced economic relationship, specifically on trade,” he told reporters after the meeting. “And we focused on the desire to have very specific action items, both in the short term for the next time we get together, as well as what the goals are over the year.”

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As a result, China’s citizens have not had access to wholesome beef products that U.S. citizens enjoy every day. A three-ounce beef patty has about 155 calories and provides 25 grams of protein to help a person get their daily work completed. Beef also provides important nutrients including zinc, vitamins B12 and B5, iron and selenium, and eating a protein product like beef helps curb cravings.

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Now is a good time to encourage the reopening of U.S. beef imports to the China.

There is no doubt the United States produces some of the highest quality steaks in the world which commands a premium for those products. However, the domestic market does not produce enough lean beef from cull cows and bulls to mix with fatty trim from fed cattle to fully supply the domestic ground beef market.

  

Cattle producers and consumers have many questions regarding beef imports and exports, and hopefully some of those questions will be answered here.

If you are importing product from China (or any other country), now is the time to double check what you are doing with your trade and customs programs and to make darn sure that you are not bringing in product that will cost you a lot of money or maybe even jail time. There is a new sheriff in town and he does not like imports.

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Early birds check these hotel tips for 121st Canton Fair

The 121st Canton Fair will be last for 21 days, from the 15th April to the 5th May in Pazhou Complex, Guangzhou. However, you will find that hotels prices have gone up and it is very difficult to book a room at the moment. 

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But don’t worry, my dear friends. eGTCP will recommend some good hotels with reasonable prices for you. 

#All the hotels which eGTCP recommends will have services as below:

1.Free shuttle bus during the fair. You can check the bus timetable when you check in.

2.Free WiFi in the room

3.Tax and service are included in the room rate. No extra tax paid to the hotels.

4.You can finish payment with credit card guarantee and you can get a better discount in advance.

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Yuexiu District

Lake Piedmont International Hotel

(★★★★★)

Address

No.117 Hengfu Rd, Yuexiu District, Guangzhou

Reasons to recommend

· Located in downtown of Taojing Road  

· Near Baiyun mountain (a national 5 A-class scenic spot)

· Has biggest Spa center in Canton

· Unique space design that can makes you feel like being in a “gold house”, viewing beautiful lake of Luhu

· Delicious and luxurious buffet breakfast

· Perfect facilities: fitness room, multifunctional swimming pool, and  cafe

· Every room covers an area of more than 65㎡

Guangzhou Dong Fang Hotel

(★★★★★)

Address

No.120 Liuhua Rd, Yuexiu District , Guangzhou

Reasons to recommend

· Long history, Chinese style

· Registration center for Canton Fair badge

· Near the shopping mall and metro station of Yuexiu Park (Line 2) , and several wholesale markets.

Asia International Hotel

(★★★★★)

Address 

No. 326, Huanshidong Road, Yuexiu District, Guangzhou

Reasons to recommend

· Near Metro Station of Xiaobei or Taojing (line 5), Zhonghuan Shopping Mall and Guangzhou Friendship Store (Huanshidong Rd)

· Halal restaurants and cafes are available nearby

· Breakfast served in Yundingge Revolving Restaurant (Sky Cafe) with good view

Guangzhou Lido Hotel

(★★★★)

Address 

No. 182, Beijing Road, Yuexiu District, Guangzhou

Reasons to recommend

· Locates at the center of Beijing Road (Shopping Area)

· Next to metro station of Beijing Road Station (line 6)

· Free shuttle bus to Canton Fair Complex

· Free upgrade to Superior Room

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Tianhe District

Grand Royal Hotel

(★★★★★)

Address

No.483, Zhong Shan Ave, Tianhe District, Guangzhou

Reasons to recommend

· Classical European architectural style

· 10 mins to Canton Fair Complex by free shuttle bus

· Free shuttle bus from hotel to airport

· Bus tickets to Hongkong

· Close to Metro Station of Chebei (Line 4) and BRT Station of Huangcun

· Free upgrade to business room.

Yueda Financial City International Hotel

(★★★★★)

Address  

No.322 Huangpu Rd, Tianhe District, Guangzhou（广州市天河区黄埔大道中322号）

Reasons to recommend

· Newly built in 2016

· 5 minutes to the Canton Fair by shuttle bus for free

· 8 minutes to the Guangzhou East Railway Station

· Close to Metro Station of Yuancun Station and Keyunlu Station (Line 5)

Honder International Hotel 

(★★★★★)

Address

No.8 Dongguanzhuang Road, Tianhe District, Guangzhou（广州市天河区东莞庄8号）

Reasons to recommend

· Near to Railway East Station, next to Tianhe Business Area

· Newly bulit in 2014

· Member of Golden Key International Alliance with excellent service

· Fitness facilities and thermostatic pool are popular among the guests

· Free upgrade from superior room to spacious deluxe room with bathtub   

Haizhu District

Nanmei Osotto Hotel

(★★★★★)

Address

No.16 Haiming Street, Binjiangxi Road, Haizhu District, Guangzhou

Reasons to recommend

· Professional SPA&MASSAGE service

· Spacious view of the Pear River

· Free shuttle bus to the Canton Fair

· Excellent buffet breakfast.

eGTCP together with you at T19-20 from 15th April to the 5th May in the Canton Fair, and we will prepare many special services (Financial Services, Trade assurance Service, Order Matching & Sourcing Service and so on.) for our friends. 

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Email: service@egtcp.com     Tel: +86 400-159-8448