104th Canton Fair concludes

07 Nov '08

2 min read

The 104th session of China Import and Export Fair concluded yesterday and Mr Mu Xinhai, Vice Secretary General and Spokesman of the Canton Fair expressed his views at the press conference.

Amidst the international economic recession, exhibitors have already prepared themselves for the possible decrease of buyer attendance and trade turnover, before participating.

Mr Xinhai revealed that as of November 5, the number of overseas buyers accumulates to 174,562 and the trade turnover reaches to US $31.55 billion.

The intentioned turnover of online transaction reach $570 million, which was achieved under the background that most countries lower their expectations of economic growth, global market shrink, and professional buyers from Europe and America have cut their sourcing activities.

Besides, transaction volume achieved by private enterprises reached $18.56 billion, accounting for 58.8 percent of the total. Among private enterprises, a considerable proportion is small and medium-sized enterprises, which demonstrates the Canton Fair's role in serving small and medium-sized enterprises to explore the international market has been strengthened.

In this session, stricter entry standards and verification systems were implemented for exhibitors of International Pavilion, insuring all the exhibiting enterprises and exhibits are overseas with improving quality. Such countries or regions as Turkey, Hong Kong, and India have organized relatively large delegations to participate.

The Fair has organized about 8000 domestic professional buyers. It adopts a door to door purchasing model for the first time and achieved good results targeting at overseas advanced technology, advanced equipment, key parts and components, and scarce products in Chinese Market.

China Foreign Trade Centre

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