"Double Rise" Refraction Foreign Trade Bottom Stabilizes

The 120th Canton Fair closed yesterday. The number of purchasing merchants and export turnover rose year by year, continuing the 119th year's rebound trend.

Among them, the number of buyers attending the meeting was 185704, an increase of 4.6% over the previous year, and the turnover of export was 187 billion 301 million yuan, an increase of 3.2%.

"This is a sign of stability at the bottom of China's foreign trade," said Xu Bing, deputy director of the China Foreign Trade Center.

"Overseas of the Canton Fair

The number of resumed growth in the meeting showed a preliminary stabilization.

Xu Bing said.

According to statistics, the 120th Canton fair procurement business reports to 185704 people, from 213 countries (regions), compared with the Autumn Fair 2015 (same year, the same below) increased by 4.6%.

Compared with the number of people attending the 118th Canton Fair, Asia grew by 4.22%, Europe increased by 6.53%, the Americas increased by 10.91%, Africa decreased by 6.32%, and Oceania increased by 0.11%.

According to statistics, the top 10 countries and regions are Hongkong, USA, India, China, Taiwan, Thailand, Korea, Russia, Malaysia, Indonesia and Japan.

Xu Bing analyzed the characteristics of purchasers at this session:

Compared with the developing countries, the growth rate is 8.37%, which is better than the overall average level.

The number of countries along the belt and road has increased by 7.93%, ASEAN and SAARC have increased considerably, Russia has increased by 9.56%, and Iran has increased by 21.53%.

South America has seen greater recovery growth in Argentina, Columbia,

And other countries rose by more than 20%.

In the developed economies, the growth of the EU and Japan is obvious, and the United States and Canada are also growing.

The total export turnover of the Canton Fair was RMB 187 billion 301 million yuan (equivalent to US $27 billion 890 million), an increase of 3.2% over that of the Autumn Fair 2015 (the same period last year).

Xu Bing said that the mechanical and electrical products were still ranked first in the paction, with a turnover of 15 billion 100 million dollars, an increase of 1.8%, accounting for 54.1% of the total turnover; light industrial products clinch a deal of 7 billion 200 million dollars, an increase of 2.9%, accounting for 25.8% of the total turnover; textile and clothing clinch a deal of 1 billion 630 million dollars, an increase of 1.8%, accounting for 5.8% of the total turnover.

According to the state, the European Union, the BRICs and the United States ranked the top three, respectively, 7 billion 100 million, 3 billion 800 million and 3 billion 710 million, representing an increase of 5.6%, 11.5% and 14.7%, respectively, accounting for 25.5%, 13.6% and 13.3% of the total turnover.

Xu Bing said that private enterprises were still the main force in the paction, which was 18 billion 650 million US dollars, 3 billion 760 million US dollars for state-owned enterprises and 5 billion 480 million US dollars for foreign-invested enterprises, with an increase of 4.4%, -8.6% and 8.6% respectively, accounting for 66.9%, 13.5% and 19.7% respectively.

"Compared with the previous sessions, buyers' willingness to purchase has been enhanced, the price sensitivity has been reduced, and the quality and service of products have been more concerned."

Xu Bing said.

As the barometer and weathervane of China's foreign trade, how to view the future import and export trend of China's Canton Trade Fair? Xu Bing said: "the first three quarters of China's import and export data showed a gradual stabilization, and the third quarter also showed a positive year-on-year growth, initially showing signs of stabilization at the bottom."

The 120th Canton Fair's procurement business came to 185704 people from 213 countries (regions), an increase of 4.6% over the Autumn Fair of 2015.

The total export turnover of the Canton Fair was 187 billion 301 million yuan (equivalent to US $27 billion 890 million), an increase of 3.2% over the Autumn Fair of 2015.

The number of buyers and sellers in the "one belt and one way" area reached 81604, an increase of 7.93% over the previous year, accounting for 44% of the total number, and the turnover volume exceeded 8 billion US dollars, accounting for nearly 30% of the total turnover.

Private enterprises are the main force in the paction, with a total turnover of US $18 billion 650 million, an increase of 4.4% over the same period last year.