Business China

Canton Fair Concludes With More Buyers, Deals

GUANGZHOU, (Xinhua) — China’s largest trade fair concluded its 122nd session on Saturday in , with more foreign buyers and more deals.

Export turnover reached 30.2 billion U.S. dollars, up 8.2 percent year on year. A total of 191,950 buyers from 213 countries and regions attended the fair, up by 3.4 percent, according to fair spokesman Xu Bing.

Xu said that over 60 percent of industries saw an increase in deals.

“Steady growth of China’s foreign trade is expected to continue, on the premise that no major risk events would happen,” according to Xu.

However, he also warned that rising raw material prices, exchange fluctuations, manufacturing refluxing of developed countries and the rise of middle and low-end manufacturing in emerging economies would still have an impact on China’s foreign trade development.

The , known as the , is held every spring and autumn in . It is widely seen as a barometer of China’s exports.

Source: Xinhua

/* ]]> */