Taizhou city – located in East China's Jiangsu province – had an extremely profitable time showcasing itself and its products on the opening day of the 133rd China Import and Export Fair, or Canton Fair, on April 15.
That's according to the Taizhou municipal bureau of commerce, which said that three letters of intent for new projects were secured by companies in Taizhou's Hailing district, while trade contracts worth $205,000 were signed by companies in Xinghua city and a raft of new customers were acquired by companies in Taixing city – both cities administered by Taizhou.
A Taizhou bureau of commerce official said that 131 enterprises and over 400 people from the city were participating in the giant fair, which runs to May 5.
Some 242 stands are showcasing a range of products including hardware, furniture, new energy products, sports and leisure goods, home appliances, large machinery, motorcycles, festive supplies, toys, clothing accessories and textiles.
From the exhibits showing at this year's Canton Fair, it is said to be evident that Taizhou's enterprises are paying much more attention these days to developing products that are in line with market demands.
For example, in addition to its traditional aluminum-iron core rivet products, exhibitor Jingjiang Kaidi Hardware Machinery Manufacturing Co Ltd has developed new materials – such as all-iron, all-aluminum and stainless-steel rivets – designed to significantly increase its product range's added value.
Other Taizhou participating companies said they were also aware of the need to position themselves to take advantage of the event.
"Participating in the Canton Fair not only helps to solidify relationships with existing customers, but also helps to discover new ones," said a representative from Zhongyu Flexible Hose Technology Co Ltd.
At the same time, many of the city's exhibits showcased appealing energy-saving and eco-friendly capabilities, such as a highly efficient energy-saving motor newly launched by Jingli Refrigeration Equipment Co Ltd. It is said to not only have high efficiency, but can also help clean and remove dust from electrical equipment radiators.