>>>98th Canton Fair
The 98th session of the Chinese Export Commodities Fair (Canton Fair) concluded in Guangzhou capital of Guangdong Province on Oct. 30th. The trade volume reaches 29.43 billion USD, a slight rise of 0.7% over the last session, but the number of purchasers saw a decline in this session.
Guangdong delegation ranked the first in trade volume with 7.78 Billion USD, following with Zhejiang and Jiangsu delegations.
There are 177,000 purchasers attended this session, 9.5% down than the last session. Xu Bin, Spokesmen of the Canton fair, attributed this situation to the new conditions in the foreign trade, such as fluctuation of oil price, the RMB appreciation, and sharply drop of textile export to Europe and US. And the increase of Hotel rates is considered as a reason to the drop of purchasers.