A record of over 12.7 billion USdollars worth of export deals were concluded at the 86th China Export Commodities Fair, which closed in Gunzhou October 31.

Over 90,000 business people from 174 countries and regions attended the fair, which was held in Guangzhou, also a record high and up 14.7 percent over the last fair.

The fair witnessed rising transactions with business people from the EU, the United States and the Middle East, whose trade volume made up over 50 percent of the total.

Trade volume with Southeast Asian nations, Japan and the Republic of Korea also rebounded considerably, up 26.6 percent, 20. 3 percent and 28.8 percent respectively over the last fair.

Transactions of electric machinery were 4.3 billion dollars, making up 34 percent of the total while high-tech products, especially information and telecommunications products, increased sharply, up 22 percent compared with the last fair.

Local economists attributed the record high of export deals at the fair to a recovery of the global economy, market expansion in developing countries in Asia and efficient supportive policies taken by the Chinese government and the growing competitiveness of Chinese products in the world market.

The Fair, the largest of its kind in China , is regarded as the barometer of China's foreign trade. Its trade volume constitutes 25 percent of the country's total annual export volume. (Xinhua)