Chinese companies now flock to energy industry meeting

Chinese companies are making a much stronger presence because the industry experiences a downturn. Though the 2017 Offshore Technology Conference (OTC) is less crowded and the displays smaller and less elaborate with crude oil hovering around $50 per barrel.

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"I noticed that the China Pavilion area is much larger, and the number of Chinese companies has increased. I estimate that there are probably 200 to 300 Chinese companies at OTC this year," said Torry Wang, president of Houston-based Amphibian Petroleum Technologies.

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OTC, which runs from Monday through Friday, is the largest event in the world for the oil and gas industry with some 2,300 exhibitors representing more than 100 countries.

The depressed oil price gave Chinese companies more opportunities to come to OTC, which has a long waiting list for exhibitors, explained Wang. His company has been taking part in OTC for seven years.

"A lot of oil and gas companies decided not to show up due to the low oil price, thus freeing up spaces for Chinese companies. Some of them had tried for years to come to this event but couldn't get in until this year," said Wang.

Wang's assessment was partially echoed by Yi Baishui, deputy general manager of CMEC International Exhibition Co. His company has been organizing Chinese companies to participate in OTC since 2008.

"This year we brought more than 50 people from over 20 Chinese companies, much more than 30 some people last year," Yi said.

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"Although there are some policy uncertainties with the Trump administration when it comes to China-US relations, I am very glad to see more business exchanges going on between the US and China," said Zhao Zhenge, general representative of China Council for the Promotion of International Trade (CCPIT). "I am certain the larger presence of Chinese companies at OTC will bring more bilateral business in this industry."

Zhao also will meet with local American and Chinese business leaders to broaden bilateral business cooperation.

Not only are Chinese companies more prominent at OTC, but more of them are selling products to the US oil and gas industry, according to Tim Gonzales, acting director of global business at the American Petroleum Institute (API).

API has led the development of petroleum and petrochemical equipment and operating standards for more than 80 years. It certifies all products and services sold within the industry.

Gonzales said that the number of API-certified Chinese companies has surpassed that of American companies since last year.

"Now we certify more than 3,000 companies from China while we certify just about 3,000 companies in the US. It's very interesting," said Gonzales.

Gonzales said that API, after working in China to bring US standards to Chinese manufacturers, is now interested in working with Chinese organizations and companies to develop industry standards that China requires.

"So that when Chinese companies buy equipment such as pipes from the US, it will be the same as in China. We want to make the standard globally acceptable," said Gonzales, who discussed details with Zhao on how to work together to develop such standard for China.

"This is very encouraging news. It means China economy has become a force to be reckoned with. A recognized standard for China will certainly further benefit business exchanges on both sides," Zhao said.

This year, China's major players are at OTC such as CNPC, Sinopec and CNOOC.

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eGTCP’s Guide to the 121st Canton Fair

The twice yearly Canton Fair will open the 2017 spring exhibition on April 15 at China Import and Export Fair Complex, gathering top names and professionals in global trading from 200 plus countries and regions to find business opportunities.

The 121st Canton Fair is reportedly setting up 50 exhibition sections to host 16 major categories of commodities, offering a diversity of product lineup for global buyers, highlighting emerging industries, which include intelligent and smart technology, pet supplies, new energy, outdoor spa facilities and so on.

Top names like Haier, Midea, Tsurumi Pump, Caterpillar, Coway, will display their latest products. Patrick Smith, Global Director Trademark & Technology Licensing, Honeywell USA, ever noted visitors could discover a variety of applications being developed at this professional fair.

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This year's Fair welcomes premium food and beverage exhibitor groups from Brazil and UK, creating a cross border purchasing experience for buyers. It will set up the zone based on product's sub-category and will launch a detailed & customized guide for buyers covering the 25,000 exhibiting companies in all zones, to further improve the guests' overall experience.

"We hope buyers can easily design their own purchasing plan and enjoy a highly efficient journey to Canton Fair." Liu Quandong, Deputy Director General of the Foreign Affairs Office of the Canton Fair, "We are looking forward to seeing old and new friends gathering at this big platform not only for negotiating trade deals but also exchanging ideas at forums and summits."

The Schedule as below,

Phase I (April 15-19)

Electronic & electrical products, household electrical appliances, lighting equipment, vehicles & vehicle spare parts, machinery, hardware & tools, building & decorative materials, chemical products, new energy resources & more.

Phase II (April 23-27)

Consumer goods, gifts & premiums, home decorations & more.

Phase III (May 1-5)

Textile & clothing, shoes, cases & bags, office supplies, recreation products, medical & health care, food & more.

 Welcome to our eGTCP Booth: T19-T20

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You can also contact eGTCP.com directly via mail or phone.

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How High-quality China Suppliers Can Keep You Out of Trouble?

Summary: Many wholesalers complained of unprofessional China suppliers. Don't worry,  eGTCP has a large scale of high-quality suppliers for global buyers to be choose.

Several problems of unprofessional suppliers 

A friend who purchasing auto parts always complain about his Chinese supplier because of the delayed delivery. And the supplier keeps looking for several reasons to fob him off.

As for a buyer, he has a proper sales plan, but now it was influenced by the supplier. It is too late to look for a new one. My friend dislike to change cooperative partner because this one offers good products. He has no choice although the prices move in response to the materiel’s price.

eGTCP helps out of trouble

Now, things has been changed. One Chinese platform screened high-quality suppliers in the area. They hold global exhibitions to accomplish the purpose of quick and accurate order match.

What’s more, you can order a free office in China and get much more other financial services such as trade financing, sourcing-exporting and logistics service,etc.

Let’s make the right choice, go and post sourcing request in this platform: eGTCP.com 

Besides artificial intelligence,  eGTCP is focus on serving buyers and suppliers with integrated credit services with our electronic global trade credit platform: 

International buyers can get many benefits from GTCP card and GTCA Program.

International buyers are granted with the credit line within 90-120 days payment terms after GTR assessment and place orders towards intended suppliers with the credit line. So, international buyers could improve their purchasing capabilities, promoting the usage rate of capital and will also win larger Chinese markets.

And GTCA (Great Tao Credit Assurance Program), based on the credit, intends to assist the trading parties in providing a level of trust and resolving risk issues in trades. This program also aims at providing credit endorsement for international buyers on behalf of Chinese international trade companies, and offering an all-round transaction assurance to trading parties for fast order confirmation.

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Why You Shouldn't Miss Dubai Big 5 Exhibition This Time?

Summary: Dubai Big 5 is coming soon with a worldwide source, as a wise wholesaler, you should never miss it.

The 2016 Dubai BIG 5 Exhibition Highlights

·With more than 2742 exhibitors from 57 countries came together;
·More than 30000 kinds of building materials products and innovative technology;
·We will meet 74474 global buyers in the Middle East's largest building materials exhibition ;
·With the lowest cost, the shortest time, the least amount of effort to find what you need.

Benefits to International Buyers

·Thousands of targeted key construction suppliers and distributors introduced for you;

·Speak to the experts and gain technical insights - not just a sales pitch;

·expand your business, stay ahead of your peers and see what your competitors are doing;

·Great Tao provides "Buy Now, Pay Later" for you.

Dubai BIG5 exhibition scope

Dubai BIG5 exhibition scope includes: material and metal, chemical industry, outdoor building material, fire-proof material, mechanical equipment, steel structure, air conditioning and refrigeration, cleaning and maintenance equipment, lighting equipment, construction vehicles, construction machinery and so on. Here is product directory.

Dubai BIG5 is the largest and strongest professional building manufacturing exhibition in the Middle East. In 2015, four days of exhibition refresh record, the size of net area exhibited a 12% increase over the same period in 2014, 48610 square meters, more breakthrough attracted 74474 participants from 150 countries around the world, than the same period in 2014 increased by 23.4%.

There is an opportunity to chat business with Middle East countries buyers, also for the China manufacturers provides a new platform to start business.

To Dubai, you can find whatever you want and let loose to buy what you need.

Besides artificial intelligence,  eGTCP is focus on serving buyers and suppliers with integrated credit services with our electronic global trade credit platform: 

International buyers can get many benefits from GTCP card and GTCA Program.

International buyers are granted with the credit line within 90-120 days payment terms after GTR assessment and place orders towards intended suppliers with the credit line. So, international buyers could improve their purchasing capabilities, promoting the usage rate of capital and will also win larger Chinese markets.

And GTCA (Great Tao Credit Assurance Program), based on the credit, intends to assist the trading parties in providing a level of trust and resolving risk issues in trades. This program also aims at providing credit endorsement for international buyers on behalf of Chinese international trade companies, and offering an all-round transaction assurance to trading parties for fast order confirmation.

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Men Discovered 100 Million in Chairman Mao's Hometown

On Nov. 6th, 2016, the 1st Hunan Gaoqiao Grand Market International Procurement Matchmaking was successfully held in Gaoqiao Grand Market, Changsha.

Co-hosted by Gaoqiao Grand Market and eGTCP (Electronic Global Trade Credit Platform), this conference invited over 200 international buyers from 30 countries, including US, Italy, Egypt, Dubai, Russia, and Yemen, etc. It also invited over 600 domestic suppliers with well-known brands and high quality goods in the field of consumer goods, to negotiate with international buyers.

eGTCP offers trade and financial services to the trading parties, and intends to assist them in providing a level of trust and resolving risk issues in trades.

The total intended volume of transaction was close to 100 million dollars. The transaction covered lots of industries, including decoration, kitchen and bathroom ware, costume, daily necessities, electronics and electric appliance, toys and household articles.

It had reached cooperation with clients home and abroad in a few days through Hunan Gaoqiao Grand Market International Procurement Matchmaking and was appreciated by international buyers around the world. It is worth mentioning that these international buyers will have more purchasing opportunities.

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