1. Text: | Print|

      Canton Fair shadowed by weak exports

      2014-04-15 08:40 China Daily Web Editor: qindexing
      1
      Exhibitors arrange displays at the China Import and Export Fair, known as the Canton Fair, in Guangzhou, Guangdong province, on Monday. The spring session of the fair opens Tuesday. ZOU ZHONGPIN/CHINA DAILY

      Exhibitors arrange displays at the China Import and Export Fair, known as the Canton Fair, in Guangzhou, Guangdong province, on Monday. The spring session of the fair opens Tuesday. ZOU ZHONGPIN/CHINA DAILY

      Orders placed at China's largest international trade fair, running from Tuesday through May 5, will likely stabilize in the shadow of recent sharp export declines.

      The Canton Fair - officially known as the 115th China Import and Export Fair-is expected to draw 200,000 international buyers, up from more than 180,000 in the autumn session when there was a drop-off in numbers, said Liu Jianjun, deputy director-general of China Foreign Trade Center under the Ministry of Commerce.

      Chinese exports unexpectedly fell 6.6 percent year-on-year in March from a year earlier, following an 18.1 percent slide in February. Imports fell by the most in 13 months. China's official target is a 7.5 percent increase in trade this year. The biannual trade gala is generally seen as a barometer for China's economy.

      There are grounds for optimism, Liu said, citing the worldwide economic recovery and optimized product lines that helped strengthen Chinese sellers' core competencies. A weaker yuan is also considered an effective stimulus to exports but should not be counted on as a magic bullet for an economic boom over time, he said.

      Liu warned several factors may add to uncertainty, including growing international trade friction and China's drifting away from lower value-added items such as textile production, which may erode its bulky trade base in the short run.

      Other complications may come with the loss of a Malaysia Airlines plane last month that carried mostly Chinese passengers, Liu said. He also mentioned international economic sanctions against Russia and a rally in Taipei against the Economic Cooperation Framework Agreement between Taiwan and the mainland.

      While some of the slide in exports was attributed to figures early last year being inflated by fake invoices, the general outlook fell a fourth month in a row, according to a survey by the Center for European Economic Research.

      Some remain optimistic. Wang Tao, chief economist at UBS AG, said China's modest export recovery remains largely intact, buoyed by an uptick demand in the United States and Europe.

      "The ongoing real appreciation of the yuan against the currencies of China's key trading partners and competitors will bring headwinds, but not enough to reverse the slightly positive gross domestic product contribution from net exports we foresee this year," she said.

      Buyers have lowered expectations about signing deals at the Canton Fair, largely due to European demand and a different sourcing model by US companies.

      "We didn't see any pickup in demand among European economies, and the willingness to come for the fair remains low," said Frank Huang, general-manager of a Hong Kong-listed trading company. "Attendance of US clients may also stagnate since US firms make 80 percent of their orders through agencies."

      First-quarter orders were slashed because of political turmoil in export destinations, said Gao Qiang, general-manager of Wilon International, a Jiangsu-based manufacturer of electronic machines.

      "Our business in Thailand and Ukraine was hit by the ongoing strike and political upheaval. Honestly speaking, we don't expect the trend to be reversed simply by attending the exhibition," he said.

      A fair regular, Gao has seen the export tides change, from when clients placed orders on an annual basis five years ago to the current three-month basis.

      "The days when foreign buyers didn't bother to negotiate a price are long gone. With surging costs and heated competition in China, our margin was squeezed to just 7 percent last year from 15 percent five years ago," he said.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 亚洲熟女www一区二区三区| 最近更新免费中文字幕大全| 亚洲av无码一区二区三区网站| 亚洲国产精品成人AV无码久久综合影院| 亚洲乱亚洲乱妇无码| 亚洲日本VA午夜在线电影| 在线观看亚洲免费视频| 国产成人免费AV在线播放| 成人免费大片免费观看网站| jizz在线免费播放| a在线观看免费视频| 99视频有精品视频免费观看| 日本高清免费不卡在线| 不卡一卡二卡三亚洲| 亚洲人成综合在线播放| 无遮挡免费一区二区三区| 成人性做爰aaa片免费看| 最新欧洲大片免费在线| 亚洲中久无码永久在线观看同| 亚洲综合视频在线观看| 无遮挡国产高潮视频免费观看 | 亚洲AV无码码潮喷在线观看 | 亚洲日韩精品无码专区网站| 亚洲欧洲在线播放| 大妹子影视剧在线观看全集免费| A级毛片内射免费视频| 最新仑乱免费视频| 国产午夜免费福利红片| 亚洲五月综合网色九月色| a在线视频免费观看在线视频三区 a毛片成人免费全部播放 | 国产免费AV片在线播放唯爱网| 亚洲欧洲自拍拍偷精品 美利坚| 亚洲成人福利在线观看| 国产成人无码区免费内射一片色欲 | 国产精品国产午夜免费福利看 | 巨胸喷奶水www永久免费| 黄页网站免费在线观看| 亚洲va无码专区国产乱码| 杨幂最新免费特级毛片| 日韩一区二区三区免费体验| 亚洲一级在线观看|