News this week: Earlier this week, the 113th
Canton Fair (China Import and Export Fair) drew to a close recording a
total of 202,766 overseas buyers from 211 countries and region over a three
week period.
Liu Jianjun, the Canton Fair’s spokesman and deputy director
general of the China Foreign Trade Centre, said “This (overseas buyers)
represents a 7% rise from the autumn fair in October but a decrease of 3.8%
compared with the same session last year. Total deals amounted to US$35.54
billion, representing an increase of 8.8% from last October’s session and a
slight decrease of 1.4% from the last spring fair.”
A number of the exhibitors are reportedly shifting their
business from the international export market to focus on the domestic front as
a result of lower demand from overseas. The year-on-year number of buyers and
transaction value from Europe and the U.S. reported a drop in this edition of the
fair. It was also reported the attendance of Japanese buyers was up 38%
compared with the October edition.
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