Canton fair closes with drop in export transactions
2012-May-7 Source: China View website
Text Size: A A A | Print | Share by E-mail:

The spring session of the biannual Canton Fair, or the 111th China Import and Export Fair, closed on Saturday (May 5), with export transactions decreased for the first time since 2009.

The value of export deals dropped by 2.3 percent year-on-year to 36.03 billion U.S. dollars, or down 4.8 percent than the figure at the autumn session of the fair, said Liu Jianjun, spokesman with the fair.

This is the first volume decrease since the spring of 2009 as economic crisis hit the world from 2008, according to Liu.

Debt crisis from European Union countries and tough job market in the United States were among the factors that have caused the decrease, he said.

"Although we have seen sharp export deal increase in new markets, such as in Brazil, Russia, India, South Africa and other African countries, it cannot make up for the huge shortfall from European and American markets," said Liu.

The purchasers attending the fair reached 210,000, setting a new record since the fair's debut in 1957.

1   2   Next  

Editor: Olivia
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
Info for Non-Residents