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According to Zhou Xiaoming, president of the China Chamber of Commerce for the Import and Export of Medicines and Health Products, as of November 6th, the Canton Fair concluded. The total volume of imports and exports of medical insurance products was US$ 400,066,600, a slight decrease of approximately 2% over the previous session. Among them, phytosanitary materials amounted to 14,580,500 U.S. dollars, Chinese herbal medicines, 41,213,200 U.S. dollars, Chinese patent medicines, 37,928,700 U.S. dollars, health products, 57,455,700 U.S. dollars, pharmaceutical raw materials, 4,489,900 U.S. dollars, western medicines, 33.902 million U.S. dollars, biochemical drugs, 58,810 U.S. dollars, medical instruments and medical dressings. 16,258.7 million US dollars. He said that under the current situation, the import and export volume of medical insurance products at this session of the Canton Fair has been “far better than expectedâ€.
The results are not easy to come by
It is reported that as of the closing day, the current export turnover of the Canton Fair totaled 31.55 billion U.S. dollars. At the same time, the cumulative number of visits to the websites of the Canton Fair amounted to 170 million, and the total amount of intentional turnover on the Internet reached 570 million U.S. dollars. The third medical insurance exhibition will be overseas There are 33,990 businessmen. Although overseas buyers decreased by 9.1% compared with the previous period, and total export volume also fell by 17.5%, but Deputy Secretary-General of the Canton Fair and News Spokesperson of the Canton Fair, Mu Xinhai, said that most countries in the world lowered their economic growth expectations and the international consumer market shrank. With the reduction of procurement activities by professional buyers in the European and American markets, such achievements have not come easily.
Mu Xinhai said: "This shows that China's export industry has formed a strong competitive advantage, and the ability of export companies to cope with changes in the external environment has continued to increase." He pointed out that exhibitors generally responded to the decline in buyers before the start of the transaction may have been reduced Psychologically prepared, but the actual effect is higher than expected.
The reporter’s on-site interview found that many medical insurance companies participating in the exhibition reflected that the overseas buyers who attended the current session were significantly less than the previous ones. The person in charge of the company with the standard booth pays attention to the statistics on the afternoon hours of the third day (the hottest period in the past): “No one passed for a full 3 hoursâ€.
At the same time, the results of a survey for exhibitors during the Canton Fair also showed signs of “clear to cloudyâ€: 72.4% of exhibitors reported that international market demand declined; 59.2% reduced order time; another 75.7% reflected single order amount decline.
In addition, companies generally expect that export growth this year will fall by 20%, but will fall back to about 10% next year. Ma Yinglong and the person in charge of Kunming Shenghuo Booth told reporters that they are now signing the contract basically from the US dollar settlement to use RMB settlement. The exchange rate changes too fast and the international situation is unpredictable. Companies cannot control. Therefore, the contracts signed during the exhibition are basically short-term contracts, and more cooperation intentions must be launched after the meeting.
Emerging market active
In response to changes in the export situation, Wen Zhongliang, Commercial Counselor of the Foreign Trade Department of the Ministry of Commerce and director of the Canton Fair Business Office, said that despite the financial tsunami, Europe, the United States, and Japan are still the main export exporters. The head of Kunming Shenghuo told reporters that the main markets for the company’s products are in the UK and Japan, and this year’s export structure has not changed much.
It is understood that the total trade volume of the Canton Fair in Europe, America and Japan amounted to US$15.44 billion, accounting for 49% of the total turnover. Among them, the EU turnover of 10.5 billion US dollars, accounting for 33% of the total turnover. Wen Zhongliang pointed out that although orders in Europe and the United States have indeed declined, they are still the main destination for Chinese manufacturing exports. He also said that from the perspective of changes in the export structure, China’s total exports to emerging markets are increasing, and exports from emerging market countries have also remained active. As the global financial market is in turmoil, the financial crisis continues to spread to the real economy, the world economic growth has slowed down significantly, and the uncertain circumstances in the international economic environment have clearly increased, the 104th Canton Fair has come to a close. The "barometer" of the global consumption power of the Canton Fair also accurately reflects that the international consumer market is clearly "clear to cloudy".
According to Zhou Xiaoming, president of the China Chamber of Commerce for the Import and Export of Medicines and Health Products, as of November 6th, the Canton Fair concluded. The total volume of imports and exports of medical insurance products was US$ 400,066,600, a slight decrease of approximately 2% over the previous session. Among them, phytosanitary materials amounted to 14,580,500 U.S. dollars, Chinese herbal medicines, 41,213,200 U.S. dollars, Chinese patent medicines, 37,928,700 U.S. dollars, health products, 57,455,700 U.S. dollars, pharmaceutical raw materials, 4,489,900 U.S. dollars, western medicines, 33.902 million U.S. dollars, biochemical drugs, 58,810 U.S. dollars, medical instruments and medical dressings. 16,258.7 million US dollars. He said that under the current situation, the import and export turnover of medical insurance products at this session of the Canton Fair has been “far better than expectedâ€.
The results are not easy to come by
It is reported that as of the closing day, the current export turnover of the Canton Fair totaled 31.55 billion U.S. dollars. At the same time, the cumulative number of visits to the websites of the Canton Fair amounted to 170 million, and the total amount of intentional turnover on the Internet reached 570 million U.S. dollars. The third medical insurance exhibition will be overseas There are 33,990 businessmen. Although overseas buyers decreased by 9.1% compared with the previous period, and total export volume also fell by 17.5%, but Deputy Secretary-General of the Canton Fair and News Spokesperson of the Canton Fair, Mu Xinhai, said that most countries in the world lowered their economic growth expectations and the international consumer market shrank. With the reduction of procurement activities by professional buyers in the European and American markets, such achievements have not come easily.
Mu Xinhai said: "This shows that China's export industry has formed a strong competitive advantage, and the ability of export companies to cope with changes in the external environment has continued to increase." He pointed out that exhibitors generally responded to the decline in buyers before the start of the transaction may have been reduced Psychologically prepared, but the actual effect is higher than expected.
The reporter’s on-site interview found that many medical insurance companies participating in the exhibition reflected that the overseas buyers who attended the current session were significantly less than the previous ones. The person in charge of the company with the standard booth pays attention to the statistics on the afternoon hours of the third day (the hottest period in the past): “No one passed for a full 3 hoursâ€.
At the same time, the results of a survey for exhibitors during the Canton Fair also showed signs of “clear to cloudyâ€: 72.4% of exhibitors reported that international market demand declined; 59.2% reduced order time; another 75.7% reflected single order amount decline.
In addition, companies generally expect that export growth this year will fall by 20%, but will fall back to about 10% next year. Ma Yinglong and the person in charge of Kunming Shenghuo Booth told reporters that they are now signing the contract basically from the US dollar settlement to use RMB settlement. The exchange rate changes too fast and the international situation is unpredictable. Companies cannot control. Therefore, the contracts signed during the exhibition are basically short-term contracts, and more cooperation intentions must be launched after the meeting.
Emerging market active
In response to changes in the export situation, Wen Zhongliang, Commercial Counselor of the Foreign Trade Department of the Ministry of Commerce and director of the Canton Fair Business Office stated that despite the financial tsunami, Europe, the United States, and Japan are still the main export exporters. The head of Kunming Shenghuo told reporters that the main markets for the company’s products are in the UK and Japan, and this year’s export structure has not changed much.
It is understood that the total trade volume of the Canton Fair in Europe, America and Japan amounted to US$15.44 billion, accounting for 49% of the total turnover. Among them, the EU turnover of 10.5 billion US dollars, accounting for 33% of the total turnover. Wen Zhongliang pointed out that although orders in Europe and the United States have indeed declined, they are still the main destination for Chinese manufacturing exports. He also said that from the perspective of changes in the export structure, China’s total exports to emerging markets are increasing, and exports from emerging market countries have also remained active. As the global financial market is in turmoil, the financial crisis continues to spread to the real economy, the world economic growth has slowed down significantly, and the uncertain circumstances in the international economic environment have clearly increased, the 104th Canton Fair has come to a close. The "barometer" of the global consumption power of the Canton Fair also accurately reflects that the international consumer market is clearly "clear to cloudy".
According to Zhou Xiaoming, president of the China Chamber of Commerce for the Import and Export of Medicines and Health Products, as of November 6th, the Canton Fair concluded. The total volume of imports and exports of medical insurance products was US$ 400,066,600, a slight decrease of approximately 2% over the previous session. Among them, phytosanitary materials amounted to 14,580,500 U.S. dollars, Chinese herbal medicines, 41,213,200 U.S. dollars, Chinese patent medicines, 37,928,700 U.S. dollars, health products, 57,455,700 U.S. dollars, pharmaceutical raw materials, 4,489,900 U.S. dollars, western medicines, 33.902 million U.S. dollars, biochemical drugs, 58,810 U.S. dollars, medical instruments and medical dressings. 16,258.7 million US dollars. He said that under the current situation, the import and export turnover of medical insurance products at this session of the Canton Fair has been “far better than expectedâ€.
The results are not easy to come by
It is reported that as of the closing day, the current export turnover of the Canton Fair totaled 31.55 billion U.S. dollars. At the same time, the cumulative number of visits to the websites of the Canton Fair amounted to 170 million, and the total amount of intentional turnover on the Internet reached 570 million U.S. dollars. The third medical insurance exhibition will be overseas There are 33,990 businessmen. Although overseas buyers decreased by 9.1% compared with the previous period, and total export volume also fell by 17.5%, but Deputy Secretary-General of the Canton Fair and News Spokesperson of the Canton Fair, Mu Xinhai, said that most countries in the world lowered their economic growth expectations and the international consumer market shrank. With the reduction of procurement activities by professional buyers in the European and American markets, such achievements have not come easily.
Mu Xinhai said: "This shows that China's export industry has formed a strong competitive advantage, and the ability of export companies to cope with changes in the external environment has continued to increase." He pointed out that exhibitors generally responded to the decline in buyers before the start of the transaction may have been reduced Psychologically prepared, but the actual effect is higher than expected.
The reporter’s on-site interview found that many medical insurance companies participating in the exhibition reflected that the overseas buyers who attended the current session were significantly less than the previous ones. The person in charge of the company with the standard booth pays attention to the statistics on the afternoon hours of the third day (the hottest period in the past): “No one passed for a full 3 hoursâ€.
At the same time, the results of a survey for exhibitors during the Canton Fair also showed signs of “clear to cloudyâ€: 72.4% of exhibitors reported that international market demand declined; 59.2% reduced order time; another 75.7% reflected single order amount decline.
In addition, companies generally expect that export growth this year will fall by 20%, but will fall back to about 10% next year. Ma Yinglong and the person in charge of Kunming Shenghuo Booth told reporters that they are now signing the contract basically from the US dollar settlement to use RMB settlement. The exchange rate changes too fast and the international situation is unpredictable. Companies cannot control. Therefore, the contracts signed during the exhibition are basically short-term contracts, and more cooperation intentions must be launched after the meeting.
Emerging market active
In response to changes in the export situation, Wen Zhongliang, Commercial Counselor of the Foreign Trade Department of the Ministry of Commerce and director of the Canton Fair Business Office, said that despite the financial tsunami, Europe, the United States, and Japan are still the main export exporters. The head of Kunming Shenghuo told reporters that the main markets for the company’s products are in the UK and Japan, and this year’s export structure has not changed much.
It is understood that the total trade volume of the Canton Fair in Europe, America and Japan amounted to US$15.44 billion, accounting for 49% of the total turnover. Among them, the EU turnover of 10.5 billion US dollars, accounting for 33% of the total turnover. Wen Zhongliang pointed out that although orders in Europe and the United States have indeed declined, they are still the main destination for Chinese manufacturing exports. He also said that from the perspective of changes in the export structure, China’s total exports to emerging markets are increasing, and exports from emerging market countries have also remained active. In this year's trade fairs, transactions in the Middle East totaled US$4.28 billion, ASEAN’s turnover was US$1.8 billion, and Brazil’s turnover was US$790 million. "Brazil, India and other emerging markets have room for development."
Zhou Xiaoming believes that medical insurance import and export companies should take measures to adjust their export strategies, develop emerging markets, step up enterprise transformation and product R&D innovations in response to the current unfavorable external economic situation, increase market competitiveness and risk resistance, and maintain steady development of foreign trade exports. He particularly emphasized that companies should take the cultivation of brands and research and development of innovative products as the foundation, focus on development rather than full bloom, avoid product homogenization and single price competition, while maintaining the traditional markets such as Europe, America and Japan, actively explore new markets and find exports New growth point.
Related news
Reduced complaint rate of intellectual property infringement
From January to September, China's massage apparatus products have become export-oriented enterprises with an export value of 790 million U.S. dollars, a year-on-year increase of 20.28%. There were more than 50 exhibitors of massage equipment in the Canton Fair. They gathered leading domestic enterprises with a total volume of 162.587 million US dollars. The phenomenon of signing orders on massage chairs during the Spring Fair was again presented.
In order to safeguard the intellectual property rights of massage equipment products and maintain the normal trade order of Canton Fair, during the Canton Fair, the Council of Massagers of China Medical Insurance Association and the Industry Self-discipline Commission called on exhibitors to actively abide by the convention on the intellectual property protection and self-discipline of the massage apparatus industry and promote rationality among enterprises. For competition and fair trade, it is recommended that participating companies adopt effective technical measures and formal management methods to protect the interests of the company, prohibit or eliminate patents of products of other companies, and jointly protect the rights and interests of right holders.
The relevant person in charge of the China Medicare Association stated that they had received more complaints about patent infringement of massage devices at the previous Canton Fair. This time, the relevant intellectual property, product quality safety and trade disputes complaint stations received a total of 645 complaints of alleged infringement, and the companies complained of Of the 911 families, 495 were found to be suspected of infringement, of which only 45 cases involved in the infringement of medical insurance products, and only a dozen companies were found to be suspected of infringement, and all of them were similar in appearance to the infringement case.
Canton Fair Press Spokesperson Mu Xinhai introduced that the 104th Canton Fair changed its previous practice and for the first time enabled the Chamber of Commerce of the import and export industries to take charge of intellectual property protection work, making the work more professional, closer to the company, and more authoritative. The staff of the chamber of commerce gave full play to the advantages of knowing the company and the industry, and the efficiency of handling cases was significantly higher than that of previous sessions.
It is understood that in order to effectively protect intellectual property rights, the Medicare Chamber of Commerce has formulated a “prediction plan for handling intellectual property disputes in the Canton Insurance Association’s Canton Fair†on the basis of past experience and has done effective work. "The coordination of the Chamber of Commerce, medical insurance companies participating in the exhibition are basically able to maintain self-discipline and remove allegedly infringing products, showing that the participating medical insurance companies have generally raised their awareness of intellectual property protection," said the person in charge of the Medicare Chamber of Commerce.
104th Canton Fair Report: The turnover is much better than expected
As the global financial market is in turmoil, the financial crisis continues to spread to the real economy, the world economic growth has slowed down significantly, and the uncertain circumstances in the international economic environment have clearly increased, the 104th Canton Fair has come to a close. The "barometer" of the global consumption power of the Canton Fair also accurately reflects that the international consumer market is clearly "clear to cloudy".