Friday, November 02, 2012

Less buyers at Canton Fair suggests market slowdown

News this week: According to media reports, the recently concluded second session of the 112th China Import and Export Fair (Canton Fair) recorded 7.7% less transactions year-on-year as a result of slower demand from Japan and the U.S. The session, focusing on toys and gifts, crafts, garden tools and supplies, and local specialties, received 147,732 overseas buyers down 11.4% compared with the last session.

This was the second of three sessions which took place from 23rd to 27th October at the China Import and Export Fair Complex. According to the fair’s organisers, the China Foreign Trade Centre (CFTC), transactions from the U.S. in particular was down nearly 11% compared with the same session of the previous fair.

The first session of the Canton Fair was focused on clothing and received 93,529 visitors down 11.4% compared with the corresponding session of the spring fair this year.

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