There is more bad news from China in an article from the Daily Telegraph, which highlights the country’s difficulty in attracting countries and their companies to exhibit at the 2010 World Expo in Shanghai.
The World’s Fair (as it used to be know) should be an opportunity for countries to show off their domestic industries and supply capabilities – which would be quite useful for buyers.
But the companies are far less willing to pay the sums of money necessary to participate in the fair during the downturn.
Maybe some firms will see this as an opportunity. If there is less competition for the attention of delegates, perhaps spending some cash upfront will be to their benefit in the future?