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Guangdong bags 5 billion USD order in Canton Fair Phase I
Latest Updated at 2009-October-20 16:34:22

The first phase of Canton Fair concluded yesterday (Oct 19), with Guangdong enterprises reaping 5 billion USD orders, an increase of 20 percent over the same session last year.

In the first four days of the Phase I, the trade volume of mechanical and electrical products reached 9.26 billion USD, nearly 88 percent of the total contracted value.

As of Oct 18, the number of foreign buyers came up to 87700, a rise of 12 percent over this year's spring fair. Among which, Asian buyers reached 50000, European and American purchasers were more than 18000, an increase of over 40 percent and nearly 28 percent respectively.

In the first phase, clean energy products have attracted many foreign businessmen. A representative of an energy company in Guangzhou said their small wind-driven generators were very popular despite they were a new comer to the fair, and they are to sign a contract of 20 to 30 million USD.

"The wider participation of foreign enterprises at the fair despite financial crisis showed the world has confidence in Chinese export market." said Chen Chaoren, spokesman of the fair. However, more efforts are needed as the world economy is recovering slowly.

Phase II and III:

The second phase, which will run from Oct.23 to 27, will be a session of gifts, including toys, ceramics, stationery, horticultural products, daily use products and furniture.

Garments, health products, native produce, clothing, sporting goods and office supplies will be on show in the third phase, running from Oct.31 through Nov.4.

Editor: Miranda

By: Source: Newsgd.com
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