November 30 - According to Tencent Technology, the "2009 International Fine Chemicals Exhibition" hosted by NetSun Business宝 (002095) has received strong attention from domestic and international chemical companies as well as upstream and downstream enterprises. It has also attracted a global "multinational procurement group," bringing in orders worth nearly 10 billion yuan RMB. The number of global merchants attending the exhibition exceeds ten thousand.
According to reports, industry giants both domestically and internationally such as Sinopec (600028), Honeywell, Chevron Phillips, along with Bayer, Degussa, Rhodia, Ineos, Ciba Specialty Chemicals, DSM, Lanxess, Sumitomo Chemical, PetroChina (601857), Shanghai Huayi, Sinochem Group, China National Chemical Corporation, including many "Fortune Global 500" renowned enterprises participated and placed large procurement orders. The organizers believe that these multi-billion-yuan orders also signify signs of recovery in China's foreign trade.
Experts indicate that since the chemical industry is a fundamental, pillar, and strategic industry in most countries, it influences many downstream industrial chains. Our daily food, clothing, housing, cars, etc., all depend on chemical products. The fluctuations in prices of underlying chemical commodities affect the direction of the world economy. Therefore, during this "economic winter" when export remains difficult, the information revealed through the procurement dynamics at this exhibition largely reflects the "signal" of the global economic trend in the "post-crisis era" and predicts next year's global procurement trends for related industrial chains.
Experts point out that the "hundred-billion-yuan big orders" carried by numerous international buyers not only reflect their confidence and optimism towards China’s chemical products but also represent these international economic giants' confidence in global economic development. This indirectly reflects that the once rampant financial crisis has gradually subsided, and the global economy has started to recover and "warm up."
NetSun introduced that apart from attracting many overseas industry organizations to form large "international buyer procurement groups" for bulk procurement negotiations in Shanghai, NetSun also simultaneously held an "International Buyer Negotiation Conference." Since early December each year is when many foreign buyers plan their procurement for the next year, the organizers recommend the best domestic suppliers to foreign buyers at the exhibition site.
According to a research report by the China E-commerce Research Center (b2b.toocle.com), foreign customers often place orders just before Christmas. Therefore, professional exhibitions held at the beginning of December are often the most important opportunities for China's export-oriented small and medium-sized enterprises to understand international trade trends and annual procurement plans, thus guiding their own production and sales for the following year.
It was reported that last year, Sun Deliang, chairman of NetSun Business宝, made a commitment: to help all online enterprises expand the market, save costs, and overcome difficulties. Recently, Business宝 stated that they will continue to provide e-commerce services for small and medium-sized enterprises, ensuring that they "spend the least amount of money and make the best use of the Internet."
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