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Optimism reigns over traders at annual fair
By Joy Wang |
February 28, 2013, Thursday
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Print Edition
Print Edition
TRADERS are optimistic about business prospects at this year's East China Fair, opening in Shanghai tomorrow, because the world economy is showing signs of recovery from last year's hiccup.
"Exporters and importers are enthusiastic about participating in the fair, which is expected to bring them business," You Yongsheng, an official at the Shanghai Commission of Commerce, said yesterday.
After the 7.9 percent rise in China's exports in 2012, January posted an encouraging 25 percent jump in exports and a 28.8 percent surge in imports year on year. Last year, the fair clinched export orders worth US$3.12 billion, up 8.9 percent from 2011.
About 3,500 domestic export-oriented companies will take up 115,000 square meters of space at the fair, the same as last year, according to commission. More than 3,000 overseas buyers from 65 countries and regions have registered for the fair on its official website. The fair will also see more than 100 overseas companies from South Korea, Iran, Malaysia, Hong Kong and Taiwan establish booths in a special zone to better showcase their products and boost their exports to the Chinese mainland.
Seen as the gauge of China's trade, the annual East China Fair will end next Tuesday at the Shanghai New International Expo Center. It is backed by the Ministry of Commerce, and co-sponsored by the provincial governments of Zhejiang, Jiangsu, Anhui, Fujian, Jiangxi and Shandong as well as the city governments of Shanghai, Nanjing and Ningbo.
"Exporters and importers are enthusiastic about participating in the fair, which is expected to bring them business," You Yongsheng, an official at the Shanghai Commission of Commerce, said yesterday.
After the 7.9 percent rise in China's exports in 2012, January posted an encouraging 25 percent jump in exports and a 28.8 percent surge in imports year on year. Last year, the fair clinched export orders worth US$3.12 billion, up 8.9 percent from 2011.
About 3,500 domestic export-oriented companies will take up 115,000 square meters of space at the fair, the same as last year, according to commission. More than 3,000 overseas buyers from 65 countries and regions have registered for the fair on its official website. The fair will also see more than 100 overseas companies from South Korea, Iran, Malaysia, Hong Kong and Taiwan establish booths in a special zone to better showcase their products and boost their exports to the Chinese mainland.
Seen as the gauge of China's trade, the annual East China Fair will end next Tuesday at the Shanghai New International Expo Center. It is backed by the Ministry of Commerce, and co-sponsored by the provincial governments of Zhejiang, Jiangsu, Anhui, Fujian, Jiangxi and Shandong as well as the city governments of Shanghai, Nanjing and Ningbo.
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