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New role of Canton Fair spurs chances for Guangdong
Latest Updated by 2007-04-26 11:41:56
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>>>Related Special:  The 101st Canton Fair

Liang Yaowen (L), Director-General of the Foreign Trade and Economic Cooperation Department of Guangdong Province, is receiving an online interview of (Chinese Version of on April 25.

Famed Canton Fair has played a vital role in promoting Guangdong province's exports in the past half century, the total foreign trade volume of Guangdong skyrocket to 527.21 billion in 2006 from about 2 billion in 1950's. It brings new chances for Guangdong from the 101st session, said Liang Yaowen, Director-General of the Foreign Trade and Economic Cooperation Department of Guangdong Province.

The 51-year-old Chinese Export Commodities Fair (Canton Fair) changes its name to the Chinese Import and Export Commodities Fair from the 101st session, which is held in Guangzhou, capital of Guangdong province in April 15-30.   

"It is an opportunity for Guangdong's foreign trade and Guangdong will benefit a lot from the import function of Canton fair", said Liang when receive an online interview of

"Guangdong buyers greatly reduced the costs because they can import in this domestic fair and enterprises can receive advance market concept, science and technology brought in by the foreign exhibitors. Besides, entrepreneurs can improve their own skills and optimize the industry structure after learn and communicate with the foreign exhibitors", Liang also said.


Guangdong delegation's performance in the 1st Phase of Canton Fair

The 101st session of the Chinese Import and Export Fair (Canton Fair) ended its first phase on Apr.20. Guangdong delegation ranked the first in export, with deals worth USD 6.12 billion, accounting 25.5% of the total.

10 leading brand-name enterprises occupied 41.6 percent of Guangdong's business volume, with a total of 2.54 billion USD.

Deals on electro-mechanical products were worth 4.28 billion U.S. dollars, accounting for 69.9 percent of the total contracts value.

Private enterprises sealed deals worth 3.39 billion USD, accounting for 55.4 percent of the province's total. 

EU, Asia and America are three main export targets, with deals worth 2.3 billion USD, 1.77 USD and 1.46 USD separately.

Affected by the higher price of raw materials, appreciation of RMB and lower export tax rebate, the prices of commodities are rise a little. And most of the orders are short-term in a bid to limit the lost cause by expected RMB appreciation. 

Editor: Yan

By: Ouyang Yan Source:
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