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Canton Fair 2017 (China Import and Export Fair)

Well-known as the Canton Fair, China Import and Export Fair has been held biannually in Guangzhou every spring and autumn since 1957. Regarded as the largest scale, the highest level, Canton Fair presents the most comprehensive exhibition covering the widest range of industries and sectors, as well as the richest products and commodities. Therefore, Canton Fair 2017 likes a golden business bridge, linking insightful overseas buyers with high-quality domestic exhibitors.

Seizing the ‘One Belt, One Road’ opportunity

Chinese President Xi Jinping proposed the "One Belt, One Road" initiative in 2013. This seeks to improve connectivity across 65 countries over three continents via an overland belt that links China with Europe and a sea route that passes through South-east Asia, Africa and the Middle East.

CapitaLand president and group chief executive Lim Ming Yan said the firm, which first ventured into China about 21 years ago, will be able to "contribute and benefit" from this growth driver, both within and outside the country.

China to be world's largest economy in 2025

KUALA LUMPUR -- China could overtake the United States by 2025 to be the world’s largest economy and is anticipated to grow to about 130% the size of the United States by 2050, said Pricewaterhouse Coopers LLP.

Its head of macroeconomics John Hawksworth said the global centre of economic gravity was already shifting to China, India and other large emerging economies and this process had a lot further to run.

Apart from China, he said the fastest growing economy could be Vietnam, with a potential growth rate of almost 10% per annum in real dollar terms that could push it to about 70% of the UK economy by 2050.
n the report, entitled “The World in 2050: Beyond the BRICs (Brazil, Russia, India and China)”, PwC said it was still upbeat about China, India, Brazil, Mexico, Russia, Indonesia and Turkey.

However, for the first time, the report looked at an additional 13 emerging economies including Malaysia that had the potential to grow significantly faster than the Organisation for Economic Cooperation and Development (OECD) countries.

As for Malaysia, PwC Malaysia managing director Chin Kwai Fatt said the country’s challenge would be to remain relevant and competitive against its neighbouring countries.

He said the survey showed that by 2050, Malaysia’s gross domestic product would grow at 5.8% per annum.

“Malaysia should capitalise on its abundant resources -- from real estate to palm plantation harvests -- to supply the region’s burgeoning industrial and consumer markets,” he added.

Chin said Malaysia would have to speed up the development of its people, focusing on upgrading the quality of its human capital, growing a culture of innovation and equipping the workforce with the necessary knowledge, technology and mindset.


Dongguan robotics companies bring competitive edge

China employs the most robots in the world. But Chinese robotics firms can only satisfy a small sliver of the country's appetite for this technology. This may change soon as the development of the robotics industry is now part of the government's national strategy.

Have you ever wondered how your smartphone protection case is made? Well, in this factory located in the city of Dongguan, robotic machines engulf plastic raw material -- and make one case every 2 and a half minutes. And the numbers are bound to startle you, it takes a mere 38 robots to make a whopping 50 million cases for Huawei smart phones every year. This automated factory was built in 2015 aiming to offset the rising salary of workers.

"The automatic machines can reduce by 90 percent the use of human labor. In the past, ten machines would require ten operators. But now, it only needs one person," Guo Qiusheng, vice general manager with Guangdong Silver Basis Tech., said.

China Information Technology Expo (CITE 2017)April 9-11, 2017

The 5th China Information Technology Expo (CITE 2017) highlighted virtual reality (VR), augmented reality (AR), intelligent home appliances, lithium batteries and new energy vehicles, while in the UAV sector, market leaders DJI, Flypro and AEE offered visitors more in-depth experience of their latest releases. Furthermore, the expo was held a key discussion on promoting the development of artificial intelligence robots.

What is the difference between GLOMAX On-line Sourcing and On-site Sourcing Service ?

The main difference is that On-line Sourcing service, with which GLOMAX staff will contact some Chinese Industry Associations, say, China Electronics Association and will not TRAVEL around some manufacturing bases in person, all the services will be performed in the office, while for the ON-SITE Sourcing service, GLOMAX staff will go to local manufacturing bases in person or attending some professional trade fairs in person on behalf of the clients in China. Apparently the On-site Sourcing service can offer better information than that of the On-line Sourcing service in China.

Why is GLOMAX purchasing agent service better than an individual agent in China?

GLOMAX is a team of professional buyers, QC inspectors, auditors and lawyers etc. All the GLOMAX staff is well managed while an individual agent is hard to be managed in China. One of our EU clients suffered a loss of 30000 USD as his agent ran away with the deposit for some reasons after he placed a big order with a factory in China. Apparently a team is better than any individual in international sourcing.