Canton Fair sees decline in numbers
Print Edition
CHINA’S largest trade fair yesterday concluded its 117th session in Guangdong Province by announcing the number of buyers and transaction volume fell, suggesting tough export prospects for China.
The biannual China Import and Export Fair, also known as the Canton Fair, is seen as a barometer of China’s exports.
Its 117th session was attended by 184,801 buyers, down 0.7 percent from the 116th session.
Its transaction volume of 172 billion yuan (US$28 billion) was also lower than the 179 billion yuan of the previous session, according to the fair spokesman, Liu Jianjun.
The number of buyers from Europe slumped by 17.88 percent, but those from countries along the Silk Road Economic Belt and the 21st Century Maritime Silk Road increased by 0.8 percent, thanks to China’s promotion of the initiative.
The Canton Fair is held biannually in Guangzhou, capital of the province, every spring and autumn.
The 117th edition started on April 15.
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