112th China Import and Export Fair held in Guangzhou
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E-mail CNTV, October 16, 2012
The 112th Canton fair opened on Sunday in the southern Chinese city of Guangzhou. It's the country's biggest import and export event, making it an indicator of the economic climate.
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People select merchandise at an exhibition hall of the 112th China Import and Export Fair in Guangzhou, capital of south China's Guangdong Province, Oct. 15, 2012.[Xinhua] |
This is the place that powers the export industry of China. Each year, the Canton Fair can generate up to a quarter of the nation's annual export revenue.
And at this time when the world economy is once again facing setbacks in its slow recovery, people have turned their attention to this iconic event of the Chinese economy. How is the market really responding?
Wang Fang, Zhejiang Liper group, said, "It is still very difficult. This year we expect that visitor will be one third less than last year, and with the RMB appreciating, it is cutting profit further for manufacturers in China."
Xu Peiqing, manager of Zhuguang Lighting group, said, "We received several big orders in September for Christmas decorations and lighting. We are making the final deliveries this month, many clients are coming this autumn to make orders for next year's Christmas, we would start production around March, it seems to be a very promising year."
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