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Positive mood despite trade dispute
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Trade show: Intertextile Pavilion Shenzhen

Positive mood despite trade dispute

Lowest economic growth in 27 years: the trade dispute with USA is weakening China’s economy. Nevertheless, the South Chinese textile show Intertextile Pavilion Shenzhen, which was held from 4-6 July 2019, reported an eight percent increase in exhibitors. The planned move to a larger venue also speaks for itself.

July 2019

In the second quarter of 2019, China’s economy reported a growth of just 6.2 percent. Growth was at 6.4 percent in the first quarter, but the trade dispute with the USA is affecting the country’s exports [1]. Despite the boom of the past decades slowing right down, however, China remains a frontrunner. As a comparison: Germany’s gross domestic product only increased by 1.4 percent last year [2]. And during the Intertextile Pavilion Shenzhen tradeshow, which took place from 4-6 July 2019, there were no signs of this economic downturn.

Due to the growing demand, the show will move to the Shenzhen World Exhibition & Convention Center, the world’s largest exhibition venue, in 2020. The eight percent increase in exhibitors compared to the previous year, as well as an even larger and more international audience of visitors, confirm that this is the right decision. 1,065 exhibitors from 11 countries and regions reported successful business outcomes and a high quality of the buyers in attendance. “The South China market and economy continue to grow and develop, so this is a key area of potential for textile suppliers,” explained Ms Wendy Wen, Senior General Manager of Messe Frankfurt (HK) Ltd.

As well as the new location, a new date is also being planned for 2020: from now on, the show will be taking place in October instead of July. The exact date will be announced in due course.

[1] https://taz.de/Handelsstreit-zwischen-USA-und-China/!5612029/
[2] https://www.zeit.de/news/2019-05/23/deutscher-wirtschaft-droht-der-naechste-rueckschlag-190522-99-335068


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