Latest News:  
Beijing   Sunny/Cloudy    24 / 13   City Forecast

Home>>China Business

Orders at Canton Fair signal weak export outlook

By Qiu Quanlin (China Daily)

13:41, April 26, 2012

Growth in transactions at the country's largest trade fair has slowed to a crawl, sending gloomy signals for the export outlook.

Transactions totaled some $8.5 billion in the first phase of the fair, up just 1.1 percent over the previous session, said sources with the organizing committee of the ongoing China Import and Export Fair, also known as the Canton Fair.

The fair's first phase, which ran from April 15 to 19, focused on consumer electronics, home appliances, lighting, motorbikes, autos and auto parts, machinery, hardware, construction materials, sanitary products and chemicals.

"We are facing declining exports due to weak demand from buyers from traditional markets," said Liu Jianjun, spokesman for the Canton Fair.

At the ongoing second phase of the fair, the number of buyers from Europe and the United States has declined a lot, according to Liu.

Though the world economy hasn't yet stabilized, the fair's organizers remain somewhat optimistic about trade cooperation between China and the European Union, Liu said.

Despite Europe's woes, the EU remained China's largest trading partner in the first quarter, though bilateral trade growth was just 2.6 percent year-on-year at $126.87 billion.

Meanwhile, China's trade with the US - its second-largest trading partner - increased 9.3 percent to $106.77 billion, according to customs data released earlier this month.

China's exports rose 7.6 percent in the first quarter to $430 billion. But exports from Guangdong, the country's largest contributor to foreign trade, were up just 5.4 percent at $121.3 billion, customs sources said.

【1】 【2】 【3】


Leave your comment0 comments

  1. Name


Selections for you

  1. Retirees' second careers

  2. A smart sport that has a point

  3. Last thatched tribal in Hainan

  4. Temple fair in ancient Luoyang

Most Popular


  1. Top adviser's visit promotes friendship, cooperation
  2. Panicky responses to shootings harm students
  3. ChiNext delisting policies ramp up risk for investors
  4. Motives behind Tokyo's claim to buy Diaoyu Islands
  5. Huangyan crisis hints long-term tensions
  6. Arab countries hold mixed feelings towards US
  7. Renminbi's global use growing
  8. Kindergarten University
  9. Bo's downfall result of inflated sense of influence
  10. Commentary: CPC shows no tolerance for corruption

What's happening in China

Close shots of society

  1. Musicians sound off at copyright changes
  2. Beijing receives 44 mln tourists in Q1
  3. Legislature deliberates report on Chinese prisons
  4. Over 20,000 Americans studying in China: MOE
  5. Woodblock printing workshop in E. China

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai