China is home to some of the most fresh companies and in previous years, Chinese companies have formed a substantial part of the over 4000 exhibitors that have always participated in the tech how. CES 2019 may view a drop in the amount of Chinese companies attending the tech prove.
According to the South China Morning Article, the attendance by Chinese merchants will reduce by up to 20%. The event which is reputed as the biggest tech exhibition globally with up to 175,000 persons attending, will no doubt be affected by the represent US-CHina trade dispute that started after the US imposed a higher tariff regime on few specific products from China. The 2 world’s biggest economies are In addition at loggerheads with each other over leadership in a range of cutting-edge technologies and innovations, most prominent are 5G technology and artificial intelligence (AI).
Details bundled by the organisers of the occasion, Customer Technology Association (CTA) in the CES exhibitor directory as of January 4, indicate that a total of 1,211 Chinese companies have registered to be part of the trade prove for this year. This is 20% lower than the1,551 Chinese companies that attended last year. The number is Furthermore lower than the 1,751 US companies that have registered as at January 4. In a statement released on Sunday, CTA disclosed that the real floor area taken up by Chinese exhibitors this year was roughly equal to 2018 because of to slightly a lot more space valued to larger exhibitors and a bit fewer to compact merchants. Even so, the reduction is a pointer to the effect the tumultuous US-China relation is getting on an occasion what has jokingly been referred to as the Chinese Electronics Show in recent years. The event has always attracted big names such as Huawei Technologies and fleets of component suppliers who flock Las Vegas to prove off their newest wares. Shaun Rein, managing director of Shanghai-based China Market Research Group summed it up this way; “Chinese companies are concerned about tariffs from the trade war. Attending a prove like CES is high-priced, and with [US President] Trump’s rhetoric towards Chinese technology, companies in China are rethinking their strategy of investing in the US.”
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