Canton Fair contracts up but Chinese exporters remain cautious

10:26, May 06, 2010      

Email | Print | Subscribe | Comments | Forum 

Despite a rebound in contracts signed at the world famous Canton Fair, which concluded Wednesday, Chinese exporters still remain cautious about the global trade outlook.

The 107th China Import and Export Fair, or the Canton Fair, saw the value of export contracts up 12.6 percent from its autumn session last year to 34.3 billion U.S.dollars, Chen Chaoren, spokesman for the Fair, told a press conference.

But the figure is still 10.3 percent lower than the corresponding session in 2008, he said.

Trade resulting from the Fair contributes significantly to China's overall trade volume.

"The rebound (in the Fair contracts) will help consolidate China's recovery in foreign trade, but uncertainties still remain," Chen said.

Exporters were still taking cautious steps. Short-term contracts signed at the Fair were up to 53 percent, according to Chen.

"Chinese exporters remain worried about the complicated trade conditions, such as the unstable global economic recovery, rising trade protectionism and higher production costs," he said.

The recent session of the Fair attracted 203,996 overseas buyers from 212 countries and regions around the world, down 1.3 percent from its spring session in 2007.

As the world's largest exporter, China's exports grew by 24.3 percent in March year on year to 112.11 billion U.S. dollars, while imports jumped 66 percent to 119.35 billion U.S. dollars, leaving a 7.24 billion U.S. dollar deficit, the first one since May 2004.



  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 26, a resident passes by a flower terrace decorated for the coming National Day. (Xinhua/Hang Xingwei)
  • The photo, taken on Sept. 26, shows the SWAT team ready for the joint exercise. (Xinhua/Wangkai)
  • Two metro trains in Shanghai collided Tuesday afternoon, and an identified number of passengers were injured in the accident, the Shanghai-based reported. Equipment failures were believed to have caused the crash on the Line 10 subway, Xinhua quoted local subway operator as saying.
  • An employee at a gold store in Yiwu, located in east China's Zhejiang province, shows gold jewelry on Monday.(Xinhua/Zhang Jiancheng)
  • Tourists ride camels near China's largest desert lake Hongjiannao in Yulin, north China's Shaanx Province, Sept. 24, 2011. Hongjiannao is shrinking as a result of climate change and human activities, and may vanish in a few decades. Its lake area, which measured more than 6,700 hectares in 1996, has shrunk to 4,180 hectares. Its water level is declining by 20-30 centimeters annually and its water PH value has risen to 9.0-9.42 from 7.4-7.8. (Xinhua/Liu Yu)
  • Actors perform royal dance at the Gyeongbok Palace in Seoul, Sept. 27, 2011. A ceremony commemorating the 38th South Korea Sightseeing Day was held in Gyeongbok Palace on Tuesday. (Xinhua/He Lulu)
Hot Forum Discussion