Canton Fair Buyers Shun Finished Goods in Sign of Manufacturing Exodus, Insiders Say
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Rather than buying finished goods, many foreign corporate customers are increasingly shifting to ordering only components and assembling the parts in their home countries, a number of exhibitors at China’s biggest twice-yearly trade exposition told Caixin, as a way to avoid high tariffs and a sign that manufacturing is continuing its move away from China.
Wang Peng (not his real name), a sales representative at a Chinese faucet producer at the 133rd Canton Fair, felt the change when a buyer from India and another from Qatar expressed their interest in buying faucet parts instead of finished products.
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