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Europe, U.S. remain top buyers at Canton Fair
Latest Updated at 2008-October-23 09:57:11
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THE European Union and the United States remained the top buyers at the Canton Fair despite the financial crisis, figures from the fair organizers show.

However, orders from ASEAN countries, Brazil and South Africa increased greatly, organizers say.

Exhibitors received a total of US$7.06 billion worth of overseas orders as of Friday. The top three buyers were the European Union, Middle East, and the United States, according to fair organizers.

As of Friday, orders from the European Union reached US$1.9 billion, accounting for 27 percent of the total orders; those from the United States topped US$810 million, accounting for 11.4 percent of the total.

Orders from Brazil, the ASEAN, and South America increased sharply. The increase was most obvious with the electrical and mechanical products, which accounted for 86.4 percent of the total export value at the fair.

Brazilian companies nearly doubled their orders of electrical and mechanical products at the fair. ASEAN orders of electrical and mechanical products jumped 38.4 percent. Electrical and mechanical orders from South Africa also jumped nearly 30 percent.

The fair ended its first session Sunday. The second session will start Friday.

SZ firms net big orders

Shenzhen companies received US$385 million worth of orders at the Canton Fair as of Saturday, one day before the fair ended its first session. The figure was close to the amount they received at the last Canton Fair, according to the Shenzhen Economic Daily.

Editor: 寮犺幑

By: Helen Deng Source: Szdaily web edition

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