Chinese trade fair figures show a return to growth
20/05/2013
The value of trade deals struck at the biannual event reached $35.5 billion, an increase of 9% on the last session.
Exhibitor Zheng Yi , general manager of leathergoods company Guangzhou Chaofan Leather, said the company's sales in overseas markets increased more than 20% in the first quarter of this year. "We are now busy making products for overseas orders from the last session of the Canton Fair," he said. "The reason for the sustained growth is that we have focused our efforts on tailoring brands that closely meet demand from foreign markets."
The number of African buyers rose 30%, while the number from Australia and New Zealand was up 15%. The value of deals signed with BRICs nations, the EU, the US, the Middle East and Japan were up across the board.
"Last year was the most difficult year for Chinese exporters," said Liu Jianjun, a spokesman for the Canton Fair. "As China's economy picks up, exporters agree that the situation will be better in 2013 in terms of increased overseas orders."
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