Participants to the 129th China Import and Export Fair, commonly known as Canton Fair, are sparing no efforts to deal with risks arising from higher bulk commodity prices and a weakening greenback this year.
Li Yunhuan, sales director of Dongguan IUIU Household Products Co Ltd, said the company is planning to expand domestic sales and optimize production costs after bulk commodity prices rose steadily in recent months.
Overseas sales used to account for nearly 99 percent of the company"s total sales in previous years. This year, Li and his team are confident of domestic sales accounting for nearly 20 percent of the sales due to COVID-19 uncertainties and rising trade frictions. |