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English>>China Business

Exporters note the drag of weak US, Japanese demand

By Qiu Quanlin  (China Daily)

07:53, October 29, 2012

Two visitors sample an innovative product, a television that can interact with audiences, at a booth at the 112th China Import and Export Fair, also known as Canton Fair, in Guangzhou, capital of Guangdong province, on Oct 17. [Photo/Xinhua]

The second session of the 112th China Import and Export Fair, or Canton Fair, saw 7.67 percent fewer transactions than the same session at the previous fair due to the sluggish demand from the United States and Japan, the organizers said.

The second session, which ended on Saturday and specialized in toys and gifts, crafts, garden tools and supplies and local specialties, saw 147,732 overseas buyers, 11.4 percent less than the last session, the organizers said.

"It was almost the same trend this time: There are not many buyers," said Lin Wei, the general manager of Big Tree Toys in Shantou, Guangdong province.

Transactions from the US fell by 10.91 percent compared with the same session of the previous fair, the organizers said.

Garden tools and supplies transactions from Japan declined by 68.16 percent compared with the second session at the last autumn fair, the organizers said.

"Luckily, we do not sell toys to Japan. But demand in the traditional market, including the US and Europe, remains slow. We are now developing new markets," Lin said.

The first session, which opened Oct 15, specialized in manufacturing, and the third, starting on Wednesday, will specialize in clothing.

Up to 80 percent of Chinese exporters said the orders for the fourth quarter this year have declined or remain the same as that period last year, according to the fair organizer's most recent survey of more than 1,000 Chinese exporters.

Although the fair has seen fewer transactions this time, the Ministry of Commerce said China's foreign trade will pick up in the fourth quarter this year, according to Xinhua News Agency.

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