Panic Buying of clone phone on canton fair
The 105th Canton Fair
The phase 1 of 1o5th Canton Fair ,which is also called China Import and Export Fair, Ended on l9th April in GuangZhou, China. Because of the economic crisis, the total export order declined 25%. In the past Canton Fairs, The labor-insensive products were the love of foreign merchants,but this time it’s different. The foreign merchants’ insterests coverted to the consumer electronic products, and the turnover of consumer electronic products was up to 6.5 billion dollars.
Definitely the most poplar products are the clone devices on the Fair.April 19, the last day of the phase 1 of the Fair many foreign merchants had made their procurement orders and they began to run on the cheap clone products. there was a panic buying of such products, especially clone phones,clone MP3/MP4. The clone iphone sells best, just like hot cakes. These clone iphones were only for $100, selling out as soon as they were put on shelf.
according to the reports, compared to the last , The participant merchants from Uerope declined 41% and those from USA and Japan both declined 28. But the participants from Africa and Middle East had an increase, up to 140% and their procurements were mostly clone phones,clone MP3/MP4 and clone digital cameras.