BEIJING, April 12 Reuters Foreign buyers will throng the vast halls of China39;s biggest trade expo from Monday, scouting for deals on Chinese goods that U.S. and European governments complain are flooding global markets.

The 135th Canton Fair comes as China is making a strategic policy shift, accelerating resource distribution towards its manufacturing complex and away from its crisishit property sector, in the hope that it can move up the value scale.

This is causing alarm in Washington and Brussels, especially over what China calls the new three industries of electric vehicles, batteries and solar energy, where the world39;s secondlargest economy is becoming a dominant export power.

U.S. and EU officials are concerned their own industries won39;t be able to compete with China39;s vast industrial capacity driving down prices.

But deep and prolonged factory gate deflation has become a concern domestically as well, as many manufacturers especially at the lower technological end are locked in a price war, competing for rigid and tepid global demand.

For this year39;s fair, the keyword will be 39;low price39;, whether it is lowtech or hightech products out of China, said Zhiwu Chen, professor in finance at HKU Business School.

Since domestic demand for goods within China is much lower than usual and overcapacity is high across most industries, manufacturers have to cut their prices to achieve more exports.

Around 93,000 foreign buyers are expected to attend the…