More visitors but orders clinched drop
Print Edition
More visitors attended this year’s East China Fair, which ended yesterday, but this failed to prevent a fall in the value of orders as buyers adopted a wait-and-see attitude, organizers said.
Over the past five days, 21,433 people visited the fair in Shanghai, up 7.08 percent from a year earlier, according to the Shanghai Commission of Commerce. But orders clinched fell from US$2.81 billion a year earlier to US$2.76 billion.
Dubbed a barometer of China’s trade, the drop in order value indicated global demand was yet to fully recover and buyers were still hesitant, the commission said.
But Shen Danyang, a spokesman at the Ministry of Commerce, said earlier that China is cautiously optimistic about its trade growth this year.
China’s trade jumped 10.3 percent year on year in January, heralding a good start.
Exports rose 10.6 percent and imports gained 10 percent — both grew faster than that in December and were stronger than market expectations.
In 2013, China’s exports rose 7.9 percent and imports gained 7.3 percent for a total trade value of US$4.16 trillion, up 7.6 percent. It was the first time that China’s trade in goods beat the US$4 trillion mark.
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