Belt and Road Initiative brings new opportunities to construction machinery industry
GUANGZHOU, China, Sept. 30, 2017 /PRNewswire/ -- The 122nd China Import and Export Fair (Canton Fair), the largest trade fair in China held biannually in Guangzhou, will host the phase one exhibition from October 15 to 19, highlighting 1,700 exhibitors in the construction machinery sector. The booming industry has enjoyed new opportunities presented by China's Belt and Road Initiative (B&R), the country's development strategy to boost economic development along the Silk Road Economic Belt and the 21st Century Maritime Silk Road.
B&R Opportunities for Machinery Business in Guangdong
Since the B&R was launched in 2013, Chinese construction machinery manufacturers have grown rapidly, a significant percentage of products have been exported to participating countries, bringing a new spring to the Canton Fair.
"Guangdong is strategically important in B&R with the largest economic aggregate among all 28 Chinese provinces, and will continue strengthen ties with B&R countries," said Shen Haixiong, director general of the Publicity Department of the CPC Guangdong Committee at the 2017 Media Cooperation Forum on Belt and Road.
Lovol Heavy Industry, a Canton Fair exhibitor, is a forerunner of the B&R. The company's products are sold in 120 countries and regions currently, more than 50 percent of which are exported to B&R countries. The company is active in South Asia and has signed multiple project agreements with countries including Pakistan.
Lovol noted that the initiative has provided opportunities to work with local governments and agencies to launch new projects.
Manufacturers at the 122nd Canton Fair
The construction machinery exhibition of the 122nd Canton Fair will take place in Zone A and Zone B, featuring large-scale construction machinery and equipment, agricultural machinery, general machinery, smaller machinery, electrical equipment as well as parts and components, especially those with ongoing infrastructure projects.
Qianjiang Group, a regular exhibitor, will bring gardening machines such as mowing machines and land cultivation machines as well as its variable-frequency generator which applies lithium battery with multi-functionality.
Other highlights include:
- Lovol's groundbreaking ARBOS tractors debuted in 2016
- Sino Holdings Group will showcase the innovative high-speed injection machine
- Leo Digital Group will present a new vortex pump with simple structure that's durable and energy efficient for households that can potentially reform the model of water supply
- Inverter generator from SUMEC, which won Canton Fair Design Award in 2017, can reduce combined fuel consumption by 20 percent with a low noise below 59 db
Exhibitor information could be found at:
http://cantonfair.org.cn/html/cantonfair/en/exhibitor/2012-09/24845.shtml
"B&R is deepening economic ties between China and its interests. Opportunities for international business can be seen rising especially in the machinery sector," said Maggie Pu, Deputy Director General of the Foreign Affairs Office at Canton Fair, "We wish to take the opportunity to further improve companies' import and export capabilities by helping them finding quality suppliers and offering a wide range of product options."
About Canton Fair
The China Import and Export Fair, also known as the Canton Fair, is held biannually in Guangzhou every spring and fall. Established in 1957, the fair is now a comprehensive exhibition with the longest history, highest level, largest scale and largest number of products as well as the broadest distribution of buyer origins and the highest business turnover in China.
For more information, please visit: http://www.cantonfair.org.cn/en/index.aspx
