According to a survey by the China Exhibition Center Association, 66.15% of exhibition companies estimated losses exceeding 1 million yuan, and 16.92% estimated losses ranging from 500,000 yuan to 1 million yuan.Among the feedback from 298 companies surveyed by the China Exhibition Economic Research Association, 136 companies, accounting for 45.64%, estimated that their annual revenue would decrease by more than 50%; 62 companies, accounting for 20.81%, estimated that their annual revenue would decrease by 40%; and 60 companies estimated that their annual revenue would decrease by 30%. home, accounting for 20.13%.
The uncertainty of business during the exhibition recovery period increases.Convention and exhibition activities have a long preparation period, complex industrial chains, participants from a wide range of countries and regions, and involve many related industries.Therefore, it is impossible to resume operations once policies are relaxed, like in industries such as tourism and catering.Venue operators face uncertainty about schedules after exhibition projects are canceled or postponed; exhibition organizers face uncertainty about the intentions of exhibitors and purchasers; exhibition service providers face uncertainty about Party A’s budget and price.At the same time, domestic exhibition activities are more directly affected by the global epidemic.
Under such circumstances, the State Council executive meeting held on April 7 decided that the 127th China Import and Export Fair ('Canton Fair') will be held online in mid-to-late June. This will be China's long-standing event. trade event was held online for the first time.
