The on-going Canton Fair, China's largest trade fair in the southern Guangzhou City, has for the first time attracted a US real estate company.
The Bay Realty Group, Inc. rented three standard booths for the exhibition. "We are the first US real estate company to the fair, but we will not be the last one," said Johny Wang, vice President of the company. "The huge potential of the Chinese market encouraged us to make the crucial step."
More than 380 enterprises from 35 countries and regions gathered at the 15,000-square-meter import zone of the fair which opened Thursday, looking for a share in the Chinese market to offset their loss in the European and US markets amid the financial crisis.
Their products ranged from electronics, food and bags to home appliances and real estate. Some just began to have plans to explore the Chinese market this year.
The TS Meditech Co. Ltd, one of the 110 enterprises from the Republic of Korea, exhibited two sets of exercising and therapy equipment.
Managing director Su-Ho Choi said the major markets of the products were in the US and Europe, but the demands shrank in the wake of the financial crisis.
"We hope to find Chinese distributors at the fair to enter the market which we think have a large demand," he said.
Y.P. Cheng, board chairman of the Hong Kong-based Matrix Lighting, Inc., was also eyeing the Chinese market for his LED bulbs.