Canton Fair News
At the closing press conference of the 124th Canton Fair, Xu Bing, deputy secretary-general of the Canton Fair, spokesperson and deputy director of the China Foreign Trade Center, said that the number of buyers and export transactions of overseas buyers in the current Canton Fair fell slightly year-on-year. Buyers attended 189,812 people from 215 countries and regions, down 1.11% year-on-year. The export turnover was RMB 20,694 million (equivalent to USD 29.86 billion), a decrease of 1% year-on-year.
Xu Bing said that from the market perspective, the transactions of Japan, the 10 ASEAN countries, the BRIC countries and South Korea increased by 74.4%, 11.4%, 7.2% and 2.5% respectively, which declined for the traditional markets such as the United States, Australia, Canada and the European Union. 30.3%, 8.9%, 7.3%, 0.8%. From the industry perspective, transportation tools, machinery and equipment, construction and decoration materials, consumer electronics and information products, and sanitary equipment increased by 24.8%, 21.1%, 20.0%, 15.1%, and 7.6%, respectively, and textiles and clothing and household appliances decreased by 13.0%. , 6.7%.
Exhibitors generally reported that foreign trade exports have risen steadily this year. In the electromechanical industry, 87.1% of the enterprises' exports in the first three quarters increased or remained the same as the same period of the previous year. 82.4% of the enterprises' orders in the first three quarters increased or remained the same as the same period of the previous year. 80.6% of the enterprises expected good export in 2018. In the last year or flat. However, considering the external environment where the cost of comprehensive factors such as raw materials and labour force continues to rise and the trade friction between China and the United States has increased, exhibitors also believe that the export situation next year is not optimistic.
Xu Bing said that as China's foreign trade "barometer" and "wind vane", the current Canton Fair buyers participating in the situation and export transaction data show that next year China's foreign trade development is still facing a lot of uncertain instability factors. However, with the further promotion of China's supply-side structural reform, as well as the recent introduction of "six stability" and other policy measures in the country and local areas, the new kinetic energy of China's foreign trade development, is accelerating accumulation, enterprise market diversification continues to make new progress, these are the important foundation and strong conditions for the development of foreign trade. Comprehensive all factors, it is expected that the whole year China's foreign trade import and export will maintain steady growth, quality and efficiency further improved.
"Did you ask the buyers from the United States? Not bad, there are quite a lot of people." Ms. He from Zhigao Air Conditioning Co. told reporters on October 15, did not feel much changed with the previous session. Against the backdrop of a complex foreign trade situation, the 124th China Import and Export Fair (hereinafter referred to as the "Canton Fair") opened on the 15th.
Despite the rainy weather in Guangzhou, the popularity is still more prosperous, especially the home appliances exhibition, crowded.
" According to our research, most American buyers said they would continue to visit the procurement. However, some commercial and industrial organizations were worried that the US trade policy might affect buyers' enthusiasm in recent years." Canton Fair spokesman, deputy director of China Foreign Trade Center, Xu Bing 14th, said at a news conference."the United States is the Canton Fair's second largest source of buyers, in recent years, the number of each session more than 10,000 people." The 123th session of the Canton Fair to 11929 people, an increase of 7.85%."
This reporter learned from another Guangdong appliance giant that the current trading environment does not have much impact on the company's exports in the United States and other places for the time being. The main impact is exchange rate fluctuations. In addition, if the export tax rate rises further in the future, it may have a greater impact, and the company is now seeking corresponding countermeasures.
The International Pavilion of 124th Canton Fair will attract more than 600 excellent foreign companies from 50 countries and regions, including Honeywell and Caterpillar from the US; decorative lighting brand Cascade; Laser measuring instrument technology innovator KAPRO etc.