GUANGZHOU, Oct. 20 (Xinhua) -- Chinese exporters, faced
with dwindling foreign orders amid global economic slowdown, are diverting their
attention to domestic markets.
At the ongoing Canton Fair, China's leading trade
fair, businesses that canvass foreign buyers are also focusing on the local
market as their customers in the Western nations are dragged into recession by
the global credit crisis.
Qiao Guan, board chairman of the Jiangsu Hotwind
Sauna Equipment, said his company is planning to divert some of the business
from abroad to the domestic market.
The company's sales in the United States, which
accounted for about 30 percent of its total exports, had dropped by more than 20
percent this year, Qiao said.
He hoped the local sales could compensate the
decreasing orders in the foreign market. "We have completed research on the
domestic market, which shows some exported goods are affordable and have good
sales prospects in the local market," he said.
The Himin Solar Energy Group, based in east China's
Shandong Province, produces solar water heaters that are sold both at home and
abroad. Xue Xinwen, head of the firm's international trade department, said the
company had been losing orders as some Western countries canceled subsidies on
environment-friendly imports.
"We have sent more staff to market our products to
local infrastructure authorities and companies," he said.
"Domestic consumption has been greatly boosted by a
robustly growing economy, creating positive situations for exporters to go
local," he said.
But the readjustment can be difficult.
Li Jianlan, a worker with Wanji Plumbing Materials
Co. Ltd, based in Ningbo, said an exclusive exporter like her company lacked
channels and brand loyalty in the domestic market. "These are two different
kinds of markets, and it takes a lot of work to be familiar with the ways
business is done with local buyers," she said.
Some goods that are made for export are deemed too
expensive for Chinese buyers.
Huang Yan, general manager of the L-bright Export
Manufacture Corporation, said it had been very difficult to sell its products to
domestic buyers as they lacked a price advantage.
Local governments, aware of the trend, are taking
action to encourage the conversions. Guangdong Province, the country's major
exporting base, issued a notice in June, ordering local quality inspection
authorities to provide needed technical assistance to exporters.