Canton Fair 2011

Canton Fair 2011

In the Import/Export (trade) industry, annual Trade Fairs visits are nearly inevitable. First faces and mostly place of massive exchanges between Buyers and Manufacturers, Trade Fairs are frequent and diversified by categories.

 

Widely in the season of multiple Trade Fair Shows, we have decided to consecrate the theme of this article to one of the Trade Fairs easily recognized as the largest Trade Fair Show in China.

 

The 109th Canton fair held in South China’s Guangdong province.

 

This year edition closed Thursday with results surprising everyone and defying the statistics made by the experts. Where the experts had predicted a considerable drop of the visitors but also transactions, the final results went against all attends.

 

Better still, according to the predictions, this year Canton Fair finals results were supposed to be catastrophic in reason of the unstable currency state, 6.49 a dollar. Despite the historic record of China’s foreign trade with more than 2.97 trillion dollars (report issued by the Ministry of Commerce), the growth of imports should have exceed exports due to climbing domestic demand, soaring prices of commodities, rising wages and inflation of the Yuan (it permits Chinese policymakers to limit the accumulation of US Treasury bonds); making exports too expensive to compete with low-costs manufacturers.

 

Moreover, it should have had banefully affected the buyers’ behavior. However, it did prevent Chinese export-oriented companies and overseas importers from signing long-term orders.

Nonetheless, on a positive point, this year Canton Fair offered an increase of transactions by 14.4% with US and European buyers. Even deals with buyers from emerging markets (Brazil, Russia, India, South Africa) increased.

 

Finally, the final results revealed the participation of over 207 000 buyers from 209 countries and transactions amounted to 36.86 billion dollars (+ 5 %)

 

Sources: China Daily Articles: China‘s trade growth to slow down: MOC; Rising wages, inflation to weaken exports ; Rising Yuan stymies Canton Fair exports; Canton Fair transactions over $23b.

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