Canton Fair sees buyers, deals fall
Print Edition
THE Canton Fair, China’s largest trade fair, had fewer overseas buyers and trade deals compared with last year, organizers said yesterday.
The 115th session of the fair, which closed yesterday, drew 188,119 overseas buyers, down 0.81 percent from the previous session last autumn, and a fall of 7.23 percent from last year’s spring session, fair spokesman Liu Jianjun said.
Exports dropped 12.64 percent year on year to 191.18 billion yuan (US$30.61 billion), and off 2.01 percent from the autumn session, said Liu.
Chinese exporters are facing many challenges, including higher labor and material costs, a tough economic situation and increasing turbulence in some regions, Liu said.
The drop in attendance and turnover indicated that overseas demand remained weak, and that the recovery of the domestic market had a long way to go, Liu said.
First held in 1957, the biannual Canton Fair is the largest trade fair in China and is considered a barometer of the country’s foreign trade.
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