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BIZCHINA / Center

Guangzhou fair a boon for SMEs

By Zhan Lisheng (China Daily)
Updated: 2007-09-19 09:44

Both domestic and overseas exhibitors landed contracts at the fourth
China International Small and Medium Enterprises Fair and China-Japan
Small and Medium Enterprises Fair, which wrapped up in Guangzhou
yesterday.

According to Lin Ying, secretary-general of the fair’s organizing
committee, 220,000 professional buyers from 30 countries and regions
across the world visited the four-day event. Lin said there were 68,000
attendees from Japan alone.

A total of 24,803 projects at the fair were under negotiation and 2,860
of them made deals during the event. The total value of the contracts was
not available.

“Not only (was this) an excellent platform for SMEs at home and abroad to
seek market opportunities, but the event also played a very effective
role in helping domestic SMEs partner up with their counterparts at home
and abroad, and diversify their fund-raising channels,” Lin said.

He said that exhibiting SMEs not only benefited from the centralized
purchases of global retail giants like Wal-Mart, Carrefour and Metro, and
local retailers like Gome and Grandbuy, but also from the financing
opportunities handed out by the banking institutions and fund-raising
agencies.

A total of 19 exhibiting SMEs signed agreements with banks to receive
credit worth more than 100 million yuan (US$13.3 million) during the
event.

(For more biz stories, please visit Industry Updates)

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