The spring session of the biannual Canton Fair |
Date：2012-05-04 Views：Times [Back] |
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The spring session of the biannual Canton Fair, or the 111th China Import Export Fair, closed Saturday in south Chinas Guangzhou city. The purchasers attending the fair set a new record since the fairs debut. But the export transactions decreased due to the EU debt crisis weak U.S. job market. According to the fair spokesman Liu Jianjun, the purchasers attending the fair reached 210,000, setting a new record since the fairs debut in 1957. But the value of export deals dropped by 2.3 percent year-on-year to some36 billion U.S. dollars. Its also down 4.8 percent than the figure at its autumn session. Liu said this is the first volume decrease since the spring of 2009 as economic crisis hit the world from 2008. He also said debt crisis from European Union ries tough job market in the United States were among the factors that caused the decrease. Figures show the European purchasers attending the fair dropped by 15.5 percent the transaction volume was down 5.6 percent. And America also saw an 8.1 percent decrease of the deals value. Liu added the fair saw sharp export deal increase in emerging markets, such as in Brazil, Russia, India, South Africa other African ries, But it cannot make up for the huge shortfall from European American markets. Liu also noted the Canton Fair is working on exping the exhibition scale in order to attract more companies to Chinese market. SOUNDBITE(CHINESE)LIU JIANJUN, CANTON FAIR SPOKESMAN: "Our Canton Fair has a high international level we are making efforts to promote the imports exhibitions influence fame. The booths in the next fair have been ordered. We are also working to exping the exhibition scale to attract more companies, especially the environmental industries to the Chinese market." At this spring session, more than 520 companies from 44 ries regions attended the exhibition.
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