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Central China’s Water Woes 5/18/2011

China Drought newsThe United States is not the only country with water issues. A harsh drought in Central China along the Yangtze River region has left maybe people and fields thirsty.  The Hubei Province currently has almost 1,400 reservoirs that are temporarily unusable from the low supply of water available. Certain areas along the river are coming close to record lows.  A five month drought in China doesn’t only affect the land. Droughts have a negative domino effect not only on the people, but on trade routes, livestock and crops. In today’s global marketplace, it is likely that world prices for commodities could rise as shipping becomes more time consuming and agriculture production is hindered.

Conditions have gotten so bad, that the Three Gorges Dam was called up to make its second emergency discharge in order to ease the drought. The Three Gorges Dam is the single largest hydroelectric project in the world and released 400 million cubic meters of water during early May. This large discharge is meant to help ease shipments traveling along the Yangstze and ease concerns for the people of the nearby cities.

Reports have shown that last week, more than 300,000 people and 90,000 livestock in Hubei were short on drinking water. Farmland was not spared either, with more than 2 million acres that have been affected by this season’s droughts. The drought has also affected nearly the nearby province of Hunan has at least 300,000.

Hopefully some much need rain will show up in the upcoming weeks.

As of Saturday, the drought had left 315,000 people and 97,300 livestock in the Hubei short of drinking water, and more than two million acres of farmland had been affected, Xinhua reported. In neighboring Henan Province, the drought had affected at least 320,000 people.

hubei map

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Monumental Spring Canton Fair Comes to an End 5/6/2011

The 2011 Spring Canton fair came to a close yesterday, May 5th. This year’s import and export fair is considered a monumental session in the event’s 50 year history. Held each year, in Spring and Autumn, businesspeople from all over the world pour their way through the 55 million square meter facility over the course of the 15 day event in Guangzhou. The deals transacted from this session totaled more than 36 billion U.S. dollars, up 5.8% from last year’s Spring session. The fair attracted a record number of foreign traders as well; more than 207,000 foreign traders from more than 150 countries passed through the fair this year.

Although there were fears of this year’s numbers being down due to the economic conditions, business transactions this Spring were very much so on the rise.

The amount of exports with some of the big players rose quite a bit this year. Buyers from the United States entered into 12.4 percent more deals than last spring. European buyers also increased their transactions by 14 percent. Even more impressive than that are the number of deals enacted with the emerging markets of Brazil and Russia, that rose 30 percent this year.

Other countries however saw a decrease in transactions for various reasons. Reports have indicated that trade dropped by 19 percent with Japan due to the various reasons associated with the recent disasters.

Overall, the largest trade fair in China was another giant success. If anyone has any stories or pictures from this Spring’s show, we would love to see them!

Sources:

http://english.cri.cn/6826/2011/04/21/1461s633505.htm\
http://english.peopledaily.com.cn/90001/90778/90861/7371496.html
http://www.china.org.cn/business/2011-05/06/content_22506711.htm

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