GUANGZHOU, Nov. 7 (Xinhua) -- The Canton Fair, which concluded its 120th session on November 4, showed positive signs for foreign trade with both foreign buyers and export deals growing from the pervious year.
With more than 180,000 buyers, up 4.6 percent from last year, and over 80,000 coming from Belt and Road countries, export turnover reached nearly 187.3 billion yuan or 28 billion U.S. dollars, up 3.2 percent, said fair spokesperson Xu Bing.
Xu said buyers of this session showed three characteristics: buyers from emerging markets and developing countries rose 8.37 percent, larger than the average growth; in Belt and Road countries, ASEAN countries and south Asian countries saw sharp buyer increase, such as Malaysia, Indonesia and Thailand; growth of buyers from south America presented significant recovery.
The number of buyers came from Belt and Road countries went up 7.93 percent to 81,604, and export turnover with these countries is now more than 8 billion U.S. dollars, nearly 30 percent of total transaction volume, Xu said.
In addition, buyers have become less sensitive to price while caring more about product quality and services, Xu said.
The China Import and Export Fair, held every spring and autumn in Guangzhou, is seen as a barometer of China's exports. (Edited by Yang Qi, kateqiyang@xinhua.org)
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