(15 Apr 2025)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
Guangzhou, China – 15 April 2025
1. Various of Canton Fair signs and visitors
2. SOUNDBITE (Mandarin) Liao Shixing, overseas sales manager of Chigo Air Conditioning Co. Ltd:
++PART OVERLAID BY SHOT 3++
“The United States is launching universal tariffs and targeting multiple countries. We pay attention to the tariffs between China and the U.S. as well as the tariff changes between other countries and the U.S. We will analyze the changes and adjust our strategies accordingly to adapt to the uncertainties. We will be influenced in the short term. But by taking measures, such as opening the market in other countries, we can offset part of this impact.”
3. Various of fair
4. Various of Belove booth and visitor testing massage chair
5. SOUNDBITE (Mandarin) Zhao Xianmei, marketing manager of Bella Intelligent Information Technology Company:
++PART OVERLAID BY SHOT 6++
“Because of the tariffs, some of our businesses are suspended because of the problems with payment, exchange rates and others. Although the trade war is going on, we as managers need to keep ahead. We don’t think this will persist for a long time because it’s unhealthy. So, we are waiting, and we look forward to a revival of market in the future. The whole world can be our market and is waiting for us to explore, but there are priorities. We need to stay strong and have the confidence to open more overseas market to make Guangdong goods reach the globe. No matter what happens in the world, if we want to survive, we need to have a strong mindset.”
6. Various of visitor testing massage chair
7. Various of fair
STORYLINE:
Exporters at China’s largest trade fair on Tuesday said they were concerned about the escalating trade war between the U.S. and China and are bracing for the impact while looking ahead to other markets.
The Canton Fair opened in the southern city of Guangzhou with some 31,000 companies participating at 74,000 booths, according to state media. The trade fair is also China’s oldest, attracting global vendors.
Zhao Xianmei, marketing manager at a company that designs and produces massage chairs, says 70% of its orders comes from deals made at the Canton Fair. Nearly one third of products from Bella Intelligent Information Technology Company are sold to European countries and the United States.
Zhao says there has been an increase in demand for AI massage chairs in both European countries and in the U.S. after the COVID-19 pandemic ended, but said some of their business was suspended amid the trade war.
“Because of the tariffs, some of our businesses are suspended because of the problems with payment, exchange rates” and other reasons, said Zhao. She remained optimistic that the friction would be temporary.
“We don’t think this will persist for a long time because it’s unhealthy. So, we are waiting, and we look forward to a revival of market in the future,” Zhao said.
Air-conditioner and fridge manufacturer, Chigo, has been exporting to markets overseas since the 1990s. Now, Chigo products are sold to 180 countries and regions.
Sales manager Liao Shixing said even though the U.S. does not make up a large share of the company’s export market, the wide-reaching Trump tariffs that hit most countries would impact their business.
“We will be influenced (by the trade war) in the short term” said Liao, who said the company is considering opening new markets in order to offset the impact.
The Canton Fair, held twice yearly in Guangzhou, runs through May 5.
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