2nd Phase of Canton Fair closes
2011-November-1 Source: english.gz.gov.cn
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The second phase of the 110th Canton Fair has concluded. It featured mostly labor-intensive products such as consumables, gifts, and furniture ornaments, whose manufacturers are most sensitive to rising production costs. Statistics show that as of October 27, the present edition of the Canton Fair has attracted 166,000 trade visitors, including 76,000 in the second phase.

Statistics indicate that as of October 25, the Chamber of Commerce for Light Industries closed deals worth US$4.86 billion, a year-on-year increase of 7.1%. Deals with European and American merchants were down 6.1% and 7.4%, respectively, reflecting the ongoing economic recession in Europe and the U.S. In contrast, exports to Asia and Africa surged 16.3% and 10.2%, respectively.

The third phase of the Canton Fair is due to take place from October 31 to November 4. It will feature textiles, garments, footwear, office supplies, luggage, bags, leisure products, medicines, healthcare products, and foods.

(Translated by Guangzhou Association of Foreign Affairs Translators)

Editor: Olivia
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