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Canada Goose online HONG KONG (Reuters) Official investment figures may be feeble, but exporters at China largest trade fair say they are ploughing more money into robotics, industrial automation and Canada Goose Parka new product development to offset rising costs. Canada Goose online

Canada Goose Outlet FILE PHOTO: Exhibitors sit in front of an ice cream machinery exhibited at China Import and Export Fair in Guangzhou, China October 16, 2016. REUTERS/Clare Jim/File photo Canada Goose Outlet

canada goose black friday sale At the Canton Fair, which kicked off this weekend for companies in the household electronics, decorative materials and building sectors other sectors follow later in the month more than 80 percent of companies quizzed by Reuters said they would be spending more next year. canada goose black friday sale

canada goose clearance sale That would canada goose uk outlet represent a significant shift if matched throughout China economy. canada goose pas cher Official data on Wednesday showed private sector investment in fixed canada goose clearance assets in the first nine months grew just 2.5 percent, picking up from a record low of 2.1 percent in the first eight months. canada goose clearance sale

buy canada goose jacket cheap Kison Van said his company, Ningbo Cixi Import and Export Holdings, which makes fans and heaters, canadian goose jacket needs to develop three to four new products every year to stay competitive. buy canada goose jacket cheap

canada goose important to continuously invest in R because canada goose coats on sale once a new product comes out, you see https://www.goosefrshop.com it everywhere at the Canton Fair, said Van, one of tens of thousands of salesman at a fair that sprawls over 1.2 million square metres, almost Canada Goose Online twice the size of the Canada Goose Jackets world largest mall. canada goose

More than canada goose 65 percent of the 103 exhibitors polled by Reuters in China southern canada goose uk shop city of Guangzhou expect to boost spending by up canada goose clearance sale to 20 Canada Goose sale percent in 2017, while 16.5 buy canada goose jacket percent expect to canada goose factory sale raise spending by more than 20 percent.

That will be welcome news to leaders in Beijing, as China private companies, which make up the bulk of exhibitors at the fair, are a crucial engine of growth for the economy, unlike the largely inefficient and indebted state owned sector.

Chinese growth slowed to Canada Goose Coats On Sale a 25 year low of 6.9 percent last year, and third quarter figures released on Wednesday put it on track for about 6.7 percent this year.

FILE PHOTO: A general view of one of the exhibition halls cheap Canada Goose at China Import and Export Fair in Guangzhou, China October 16, 2016. REUTERS/Venus Wu/File photo

Canada Goose sale Economists say the country cheap canada goose uk mid sized private companies are the primary Canada Goose Outlet source of investment, innovation and productivity growth. Canada Goose sale

Canada Goose Parka Heavy machinery manufacturers at the fair said they spend over 30 percent of their investment capital upgrading production lines each year, while many building materials and household equipment makers said they were pumping money into automation. Canada Goose Parka

China is achieving average annual growth of 18 percent in research and development (R spending, compared with just 1.4 percent across the rest of the world upper middle income countries, according to the UNESCO Institute for Statistics.

canada goose clearance While most exporters surveyed aim to boost spending, around 20 percent said they planned to cut investment. Other sectors that may be under pressure as global growth slows, such as textiles and apparel, will feature later at the fair, which runs until Nov. 4. canada goose clearance

buy canada goose jacket RISE OF THE ROBOTS China is increasingly moving to modernise its manufacturing industry with robotics and automation, driven in part by a shortage of skilled workers and rapidly rising wages that threaten to erode its appeal as a low cost workshop to the world. buy canada goose jacket

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do a better job than workers; the quality is more stable, said Zhejiang Momali Sanitary Utensils Co general manager Selina canada goose uk black friday Song.

Song said, however, that a drop in sales was slowing the company push to boost automation.

canadian goose jacket Some economists Canada Goose online said new and emerging sectors such as high end manufacturing equipment would see more room for development. canadian goose jacket

Canada Goose Jackets because these sectors get the government support. They still see more room to grow despite slowing economic growth globally, said Nomura China economist Wendy Chen, who is based in Shanghai. Canada Goose Jackets

cheap Canada Goose Liu Qian, deputy general manager of Nanjing Panda Electronics Import Export Co, said investing in robots and automation was crucial, given wages had doubled in five years. cheap Canada Goose

canada goose deals Several Chinese provinces have slowed or halted increases to minimum wages this year, as companies face pressure from rising expenses and weakening canada goose black friday sale global demand, something that is also prompting more companies to shift sales to within China. canada goose deals

Liu acknowledged it would take longer for some companies to break even, given the size of the initial capital injection in automation and robots.

China is aiming for a top 10 ranking in automation for its industries by 2020 by putting more robots in its buy canada goose jacket cheap factories, according to the International Federation of Robotics (IFR).

canada goose coats Torpedo Hsu, sales manager at heavy uk canada goose outlet machinery transmissions maker CMEC, said the company plans to invest 10 to 20 percent more in spending next year, which it hopes will lead to a uk canada goose pick up in orders after an expected canada goose store 10 percent fall in export orders this canada goose coats year canada goose coats.


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