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Traders may ‘smell the spring’ at fair
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Chinese traders may “smell the spring” at the 2014 East China Fair after exports and imports began to recover from the beginning of the year.
The fair, the country’s earliest and biggest regional trade show, may bring some good news for exhibitors, You Yongsheng, an official with the Shanghai Commission of Commerce, said.
“The fair may allow exhibitors to smell the spring,” You said.
So far, 3,300 exhibitors have booked 115,000 square meters of booths, the same as last year. More than 22,000 visitors may attend the fair, up 10 percent from a year earlier.
Export orders worth US$2.81 billion were clinched at 2013’s fair, down from US$3.12 billion in 2012. More deals are likely to be inked this year with a recovery in global demand.
China’s trade jumped 10.3 percent from a year earlier in January with exports rising 10.6 percent and imports growing 10 percent. Both exports and imports rose faster than that in December and exceeded market expectations.
Shen Danyang, a Ministry of Commerce spokesman, said earlier the surprisingly strong trade was due to a recovery in global demand, the impact of favorable policies and seasonal factors.
He said China is cautiously optimistic about its trade growth this year.
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 annually. It was the first time that China’s trade in goods beat the US$4 trillion mark as it became the world’s biggest trading nation.
The annual East China Fair will run from tomorrow to March 5 at the Shanghai New International Expo Center in the Pudong New Area.
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