The 102nd session of the China Import and Export Fair (Canton
Fair) concluded yesterday, with export deals reaching US$37.45
billion.
The figure represents growth of 2.9 percent from the 101st
session in April and 10 percent from the 100th session a year
ago.
According to Xu Bing, spokesman for the Canton Fair, mechanical
and electrical products occupied the lion's share of the deals,
with transactions reaching US$15.62 billion - 41.7 percent of the
total and growing 6.4 percent from the 101st session.
Light industrial products occupied the second place, with deals
of US$12.18 billion, or 32.5 percent of the total.
Xu said several commodity categories that are witnessing tariff
rebate policy adjustment saw a dip in their transactions, among
which were garments, footwear, toys and motorcycles.
Deals of garments fell 8.8 percent from the 101st session to
US$3.02 billion; footwear, 9.2 percent to US$1 billion; toys, 10.7
percent to US$900 million; and motorcycles, 30.7 percent to US$290
billion.
He said most deals were struck with businesspeople from the
European Union, the United States and the Middle East. Those with
Asian countries including South Korea, Kyrgyzstan, Tajikistan and
Uzbekistan saw a major leap.
Deals with businesspeople from the European Union were worth
US$12.05 billion, up 7.1 percent; the United States, US$5.83
billion, up 7.8 percent; and the Middle East, US$4.42 billion, up
3.9 percent.
Delegations from coastal regions including Guangdong, Zhejiang,
Jiangsu, Shandong and Shanghai won most of the deals, he added.
Deals the Guangdong delegation raked in were worth US$9.73
billion; Zhejiang, US$4.91 billion; Jiangsu, US$3.95 billion;
Shandong, US$3.18 billion; and Shanghai, US$1.88 billion.
Data on import deals were not available.
The spokesman said the fair's organizing committee verified that
537 exhibiting firms, including three from abroad, violated IPR,
and rid five Chinese firms that have been found to have violated
IPR twice, of the exhibition qualification for six consecutive
sessions in the next three years.
(China Daily October 31, 2007)
