Beam of optimism as Canton Fair opens
2014-October-16 Source: Xinhuanet.com
Text Size: A A A | Print | Share by E-mail:

China's largest trade fair opened its 116th session in the southern province of Guangdong on Wednesday, with delegates expressing confidence despite tough export prospects.

The biannual China Import and Export Fair, also known as the Canton Fair, is seen as a barometer of China's exports. In a sign of slow recovery in the global economy, the fair's spokesman Liu Jianjun said the number of buyers is likely to remain level with the previous session.

The 115th Canton Fair held earlier this year reported rare slumps in both the number of buyers and turnover. The good news is that over 90 percent of the exhibitors attending the previous fair reapplied, suggesting undaunted confidence among Chinese exporters, Liu said.

The fair has attracted 24,751 exhibitors from China and abroad, up 170 from the previous session. A total of 60,222 booths will be opened, up 514 from the previous session.

The fair comes as China struggles to fuel its foreign trade, growth of which in the first three quarters slowed to 3.3 percent year-on-year, falling short of the annual target of 7.5 percent. The growth figures rebounded in September, but analysts said rising labor costs, unfavorable exchange rates and turbulent world economy will continue to weigh on China's exports.

1   2   Next  

Editor: 王凯
Related News
This site contains material from other media for content enrichment purpose only. The Southcn.com website do not endorse such content and do not bear the joint responsibility of their copyright infringement. The views expressed in written material posted to the bulletin boards of Southcn.com are those of the authors and/or publishers. The Southcn.com website does not endorse information products posted by organizations and individuals here. The originators of these information products are solely responsible for their content. For copyright infringement issues, you shall contact Southcn.com within thirty (30) days. Email: falv@southcn.com
Home | About Us | Contact Us | Southcn.com
www.newsgd.com registered number 020074 | ICP Certificate No.B2-20050252