- CNTV English - CCTV News

Canton Fair sees declining participants, turnover

11-05-2012 00:59 BJT

GUANGZHOU, Nov. 4 (Xinhua) -- The 112th session of the Canton Fair, China's largest trade fair, witnessed a decline in both participants and turnover, according to the event's closing press conference on Sunday.

Photo Gallary>>

Customers select bags at the autumn session of the biannual Canton Fair, or the 112th China Import and Export Fair, in Guangzhou, capital of south China's Guangdong Province, Nov. 4, 2012. The autumn session of the Canton Fair wrapped up on Sunday, showed a drop over 10% in both transaction volume and fair attendance. As China's largest trade fair, Canton Fair serves as the barometer indicating China's export situation. (Xinhua/Chen Yehua)

Statistics from the fair's organizer show that, as of Saturday, 188,145 overseas participants from 211 countries and regions have signed into the fair, said spokesman Liu Jianjun.

The figure was 10.26 percent lower than the last session, in spring, and 10.5 percent lower than the corresponding period last year, he said.

The declining number of overseas buyers at the fair -- a barometer of China's export situation -- indicated weak global demand amid a sluggish recovery, compounded by a more recent eurozone debt crisis, according to insiders.

And regular customers and exhibitors comprised a major portion of over 73.3 percent of all participants in the fair, Liu added.

The fair has also seen a fall in its turnover of 32.68 billion U.S. dollars, a 9.3-percent decrease compared to the spring session.

Orders from the traditional market of European countries and Japan dropped considerably, while those from emerging markets showed minor declines.

At a time when the entire world is tightening its belt, global buyers have become more cautious and hesitant in clinching orders.

"The double declines have shown China's severe situations in foreign trade. The good news is that some Chinese enterprises have shown their competitiveness with brands and innovations," said Liu.

China's foreign trade in the first three quarters of 2012 rose a mere 6.2 percent to 2.84 trillion U.S. dollars, sharply contrasting to the 20.3-percent growth registered during the same period in 2011, according to the General Administration of Customs.

Editor:Zhang Jianfeng |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program