China Import and Export Fair Records Lowest Export Volume for 2013
The Canton Fair ended last Monday and has recorded the lowest export volume since 2009. Organizers of the fair said that the export volume went down 3 percent compared to last autumn and was also down 10 percent compared to the figures during the spring exhibition.
This figure so far was the lowest that was ever recorded in 2009 when exports was at a volume of US$ 30 billion which a year before the 2008 crisis happened. These decrease in export volume shows that the demand in the overseas market still remains weak. The decrease also shows that the economic recovery is still on a unstable and uncertain course that challenges the stability and the development of the foreign trade in china.
Established in 1957 the Canton Fair is held twice a year and is one of the largest trade fair in China and is considered was the indicator of foreign trade in China and for the past years the fair attracted 20,000 enterprises in China. During this year’s autumn fair around 189,000 international buyers which is a 6.5 percent drop compared to the spring session with a slight gain of 0.1 percent last year. And this year for the first time the fair had a calculated export volume which experts say is a move that helps the currency’s internationalization.