BUSINESS Canton Fair concludes with more new buyers from B&R countries

BUSINESS

Canton Fair concludes with more new buyers from B&R countries

Xinhua

03:16, November 05, 2018

Canton.JPG

Photo taken on Oct. 15, 2018 shows the site of Canton Fair in Guangzhou, capital of South China's Guangdong Province. The 124th China Import and Export Fair, also known as the Canton Fair, kicked off here Monday. (Photo: Xinhua)

GUANGZHOU, Nov. 4 (Xinhua) -- China's largest trade fair in southern Guangdong Province saw an increase in export to countries along the Belt and Road and new buyers from these regions.

The 124th biannual session of China Import and Export Fair, also known as the Canton Fair, concluded on Sunday, with the number of foreign buyers and export turnover declined slightly by about one percent year-on-year.

Statistics showed the fair received 189,812 buyers from 215 countries and regions and the export turnover reached 206.5 billion yuan ($29.8 billion).

Exports to countries and regions along the Belt and Road increased 2.7 percent to $9.6 billion, accounting for 32.3 percent of the total.

While new buyers attending the fair totaled 77,733, up by 2.34 percent, those from countries and regions along the Belt and Road grew by 4.2 percent.

Seven of the top ten buyers were countries and regions along the Belt and Road.

A total of 10,739 buyers from the United States attended the fair, the second largest source of buyers, after China's Hong Kong Special Administrative Region.

"The number of buyers from developing countries and emerging markets has increased at the fair, and that of new buyers has continued to grow. The structure of buyers has continualy been optimized, and quality steadily improved," said the fair spokesman Xu Bing.

"Diversified global buyers can help enterprises efficiently consolidate the traditional markets, explore emerging and potential markets, and optimize their layout in the international market," he added.

The China Import and Export Fair, held every spring and autumn in the city of Guangzhou, is seen as a barometer of China's exports.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue