Canton Fair News
According to data released by the General Administration of Customs on the January 14, China's foreign trade import and export scale reached an all-time high of 30.51 trillion yuan in 2018. However, December of foreign trade significantly less than expected: December China's foreign trade 26,748.700 million yuan, down 1.2% year-on-year. Following a sharp decline in foreign trade data in November, foreign trade data fell again in December 2018 and entered a negative growth range.
Customs expects that this year's external environment is complex and severe, uncertain, unstable factors are still more, coupled with the base of the elevation and other objective factors, the growth rate of foreign trade may have slowed down.
In RMB, China's foreign trade in December 26,748.700 million yuan, a decrease of 1.2% yoy, the export of 15,349.3 trillion yuan, an increase of 0.2% on the same year, imports 11,399.400 million yuan, a decrease of 3.1%.
In US dollars, December 2018 foreign trade 3,854 400 million, down 5.8% year on, with exports of 2,212.500 million dollars, a decrease of 4.4% year earlier, and an import of 1,641 900 million. At the January 14 news conference, the General Administration of Customs press spokesman, Li Quiwen, director of the statistical analysis Department, pointed out that in the fourth quarter of 2018, China's foreign trade import and export increased 8.8% year-on-year, compared with the three quarter year-on The objective factor of last year's base elevation was the most important reason for the four-quarter year-on-year growth rate, compared with the three quarter, the 2018 four quarter of China's foreign trade import and export base up 5%.
On the Jan 8th 2019, the Provincial Department of Commerce launched the "Minsheng Hotline" program in Guangdong. Luo Lianjin, an inspector of the Business Department, revealed in the program that the fourth phase of the Canton Fair complex expansion has entered the preliminary stage of work. It will expand the two-storey pavilion and prepare the exhibition conference centre to provide support for the improvement of the Canton Fair's exhibition service function.
In order to alleviate the contradiction between supply and demand of Canton Fair booths, Luo Lianjin revealed in the program that the Provincial Department of Commerce is currently communicating with relevant departments, creating relevant conditions in terms of capital and land use, and starting the fourth phase of the Canton Fair as soon as possible. The construction of the fourth phase of the Canton Fair mainly includes two aspects. One is to expand the two-storey pavilion, a total of 100,000 square meters, to meet the needs of large-scale equipment entry exhibition, and the second is to build an exhibition conference centre to provide support for improving the Canton Fair's exhibition service function.
The Canton Fair booth has been in short supply. According to the latest data, the number of booths for Guangdong enterprises in the 125th Canton Fair was 27,907, and the number of booths arranged for Guangdong was only 12,846. More than half of the booth application requirements were not met. If you count those companies that have not yet reached the application qualification requirements but are also eager to take orders through the Canton Fair, the actual demand gap is even greater.
The Canton Fair booth allocation is divided into two main categories: brand booths and general booths. The brand booths are uniformly distributed by the Ministry of Commerce, and the general booths are distributed to each provincial and association delegation. In terms of distribution methods, as long as the enterprises that meet the relevant qualifications can apply for registration on the Canton Fair website, the business department will conduct comprehensive evaluation according to the international certification, overseas trademark registration, patent or intellectual property rights, and whether it is a private enterprise. There is a standard for the distribution of booths. The scale is the primary requirement. The threshold is relatively low, reaching 1.5 million US dollars in exports, and the production enterprises should reach more than 7.5 million US dollars. The higher scores get the booth, the whole process is guaranteed to be fair and equitable.