Ewbank gets press at the 118th Canton Fair

BEIJING, Oct. 16 (Xinhuanet) — This Tuesday, China’s Ministry of Commerce released data about the country’s foreign direct investment situation in the first nine months. FDI increased nearly 9 percent year on year, reaching more than 585 billion yuan. Foreign investors’ shared their views during the 118th Canton Fair.

Despite China’s struggle to shore up foreign trade, there were still 500 companies at the 118th Canton fair. For many of them, Canton Fair is only a stepping stone of their expansion plan to China.

“For our company, Ewbank, this is the second time we’ve attended the canton fair. In China we have two offices, Changsha and Jinhua. We hope to expand our distribution channels through networking at the fair,” said Ben Roberts, Ewbank Products.

“We hope to find suitable partners to help us in the country an then expand as much as we can in its surrounding areas.”

Ewbank’s Ben Roberts believes rising costs may slow down the country’s manufacturing temporarily, but despite this he remains positive on the situation.

“Yes, manufacturing is declining and some areas of manufacturing are moving to other countries, but the quality and service is stabilizing, even getting better in areas. So we still have a positive outlook working with China,” Ben said.

According to some experts at the International Monetary Fund, since last year, China has become the largest economy when measured by purchasing power parity.

Even though some foreign businesses say China is no longer their first choice, there are still plenty of companies who want to invest. Nearly 19,000 overseas companies established offices or factories in China in the first nine months of 2015.

(Source: CNTV.cn)

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