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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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