Shanghai Silk, a clothing giant in China, has bagged orders from 50 countries during the 125th China Import and Export Fair (Canton Fair) accounting for 28.8 percent of total turnover.
Further, the company has registered a trademark for its private brand Lily in over 80 countries and is now opening stores in the Belt and Road Initiative (BRI) countries.
Buyers at this year’s Fair showed a growing interest in home-grown technologies, with an emphasis on quality and service rather than price.
Some of the best sellers this year included a robot vacuum, real-time voice translator, virtual reality gaming and full-screen home theatre devices, Canton Fair said in a press release.
Xu Bing, spokesperson of the Canton Fair and deputy director general of China Foreign Trade Centre.
Noted that although facing uncertainty under the current trade environment, companies at the Canton Fair have presented their accelerated research and development capability offering technological breakthroughs, product innovations and brand cultivation by showcasing the quality and value-added self-owned branded products at the fair.
Innovation and creativity in design were especially pronounced in the textile industry this year.
The demonstration of its innovation development at the Canton Fair has helped establish businesses in BRI countries and raise profits in Russia by more than 10 percent. (RR)