Hong Kong stocks close lower Tuesday

Hong Kong's stock market ended lower Tuesday with the benchmark Hang Seng Index down 1.54 percent to close at 25,235.41 points.

The Hang Seng China Enterprises Index lost 1.79 percent to end at 8,757.93 points, and the Hang Seng Tech Index fell 1.74 percent to end at 5,402.51 points.

Global buyers are converging on the ongoing 140th China Import and Export Fair in Guangzhou, south China's Guangdong Province, where competing suppliers gathered under one roof allow them to compare products, quality and prices side by side, with many extending their trips beyond the exhibition halls to the factory floors that ring the city.

Also known as the Canton Fair, the biannual event is China's largest and longest-running comprehensive trade fair and a widely watched barometer of the country's foreign trade.

For the buyers streaming through the bustling halls, the fair's value lies in that concentration, the ability to move between countless suppliers in a single space and weigh offers directly against one another.

"The beauty about Canton Fair is all these different suppliers are all together. So you can go from one supplier to another, to another. Compare their products, quality as well as price, and you put them all together and then you make a decision. Makes it absolutely fantastic. We would like to come again and again and again. Once you come to China once, you will come many times. Next year, we will be here again," said Humphrey Muturi, a buyer from Kenya.

The sourcing journey often continues well beyond the exhibition venue, as Guangzhou sits in the Pearl River Delta, one of China's manufacturing heartlands, where many factories lie just an hour's drive from the fairgrounds.

Buyers frequently take the opportunity to visit production sites in person, where they can observe assembly lines in operation and see the manufacturing process up close.

"Once you go to one company, you get to learn all the manufactured items, you go to the next, you can compare how they operate. You can come to [understand and learn critical information], you can ask them questions and interact, and give them the specification that you are looking for. And they help very fast," said Titus Muthomi, another buyer from Kenya.

That direct access is backed by China's complete industrial chain and stable manufacturing capability, which enable suppliers to offer full-package solutions and customized services to overseas buyers, rather than one-off sales.