1. Text: | Print|

      Canton Fair concludes amid sagging foreign trade

      2014-11-05 08:19 Xinhua Web Editor: Qin Dexing
      1

      The 116th Canton Fair, China's largest trade fair, concluded Tuesday in the southern metropolis of Guangzhou with a trade slowdown, the event organizer said.

      Total turnover at the fair reached about 179.2 billion yuan (29.2 billion U.S. dollars), down 6.1 percent from the last event in mid-April, according to director of the China Foreign Trade Center, Liu Jianjun.

      Exports to China's major trade partners -- including the European Union, the U.S., Japan, the BRICS countries and Middle East countries -- all declined, although there are rising demands from the Republic of Korea and the ASEAN region, Liu said.

      The number of participants fell by 1.07 percent compared with the previous fair, with 186,104 representatives from 211 countries and regions having attended the fair, known as a barometer of China's exports.

      "Sagging sales mean that we are facing a difficult situation," Liu said.

      The previous Canton Fair also reported slumps in both the number of buyers and turnover. Industry insiders say China may miss its estimated foreign trade growth of 7.5 percent, and forecast similar difficulties next year.

      Li Wenfeng, deputy head of China Chamber of Commerce for Import and Export of Light Industrial Products and Arts-Crafts, said slowing growth was a "new norm" in China's foreign trade and should be handled as such.

      "China has grabbed big shares of most light industrial products in the global market, and there is little room for a big expansion, particularly as domestic labor costs climb," Li said.

      China's eastern seaboard is currently facing a labor shortage, with workers demanding higher salaries. Rising labor costs have largely prompted a spike in product prices, putting pressure on overseas buyers.

      Frank Lakatos, OEM purchasing director of German company Metabo, said his company was feeling the pinch.

      "Labor costs in China are rising far more quickly than those in Germany, and our end-clients are finding it hard to get used to the price hikes," said Lakatos.

      Huo Jianguo, dean of the Chinese Academy of International Trade and Economic Cooperation under the Commerce Ministry, said Chinese companies should brave the trade chill by transforming themselves to adapt to the "new norm".

      "Domestic companies should focus on improving product quality and efficiency to survive cutthroat competition," Huo said.

      Amid slackening transactions, many have accused the Canton Fair of rampant resale of exhibition booths for profit and inaction in facilitating and opening up imports.

      "Booths are controlled by the local government, rather than by market trend," said a representative from east China who declined to be named.

      Organizers said they had acknowledged the problems, and were trying to make the fair more open and professional.

      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: 免费夜色污私人影院在线观看| 91成年人免费视频| 亚洲日本韩国在线| 黄色a三级免费看| 国产片免费在线观看| 亚洲人成无码网站在线观看| 国产成人免费高清激情视频| 国产精品亚洲片夜色在线| 18pao国产成视频永久免费| 亚洲国产女人aaa毛片在线| 美女视频黄的免费视频网页| 亚洲AV乱码一区二区三区林ゆな| 美女视频黄a视频全免费网站色窝| 亚洲AV午夜福利精品一区二区| 国产日韩一区二区三免费高清| 亚洲国产高清在线| 国产免费一区二区三区| 亚洲永久在线观看| 国产乱子伦精品免费无码专区| 深夜a级毛片免费无码| 亚洲乱亚洲乱少妇无码| 日韩精品无码免费专区午夜| 亚洲欧洲免费视频| 国产精品免费观看久久| 人妻免费久久久久久久了| 国产亚洲高清不卡在线观看| 国产四虎免费精品视频| 亚洲国产视频久久| 亚洲国产成人精品久久久国产成人一区二区三区综 | 啊v在线免费观看| 一本久久A久久免费精品不卡| 亚洲码国产精品高潮在线| 99re6在线视频精品免费下载 | 日本一线a视频免费观看| jizz中国免费| 亚洲国产精品久久久久久| 免费不卡视频一卡二卡| 男人j进女人p免费视频| 亚洲精品综合久久中文字幕| 日韩免费视频网站| 国产成人AV免费观看|