Subscribe free to our newsletters via your
. Earth Science News .

Major China trade fair export orders hit four-year low
by Staff Writers
Beijing (AFP) Nov 05, 2013

Export contracts signed at a major trade fair in China hit their lowest in four years, state media reported, indicating foreign demand for the country's goods is still weak.

The value of export deals signed at the China Import and Export Fair reached 194.61 billion yuan ($31.7 billion), the lowest since the depths of the financial crisis in 2009, the official Xinhua news agency said after the event closed Monday.

The figure also marked a fall of three percent from the last autumn session and a 10.9 percent decline from the spring session this year, according to a statement on the fair's website.

The twice-yearly event -- also called the Canton Fair after the former foreign designation for the southern city of Guangzhou -- was created in 1957 and is the largest trade event in China making it a barometer of the country's foreign trade, Xinhua said.

"The decrease from both the spring and last autumn sessions indicated that the world economic recovery remains on an uncertain and unstable course, which continues to challenge the stability and development of China's foreign trade," the report quoted fair spokesman Liu Jianjun as saying.

Exports to emerging markets including India, Brazil and those in Southeast Asia, generally fell year on year, with those to the Middle East leading the decrease with a drop of 15.5 percent, according to the fair's statement.

Shipments to the United States and Japan increased 11.8 percent and 42.8 percent year-on-year respectively, in contrast with a fall of 2.4 percent to the European Union, it added.

The three-week fair opened on October 15.

China's exports rose eight percent year-on-year in the first nine months of the year, slightly faster than the 7.4 percent in the same period in 2012 but far slower than double-digit increases in the previous two years, official data shows.

The sluggish foreign trade performance has cast gloom on the country's export-driven economy, with concerns rising that a recovery in the third quarter, when economic growth picked up to 7.8 percent, may not be sustainable.


Related Links
Global Trade News

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Hong Kong mulls listing rules change after failed Alibaba talks
Hong Kong (AFP) Oct 31, 2013
Hong Kong's stock exchange said Thursday it is considering reform of its listing rules following the recent collapse of talks with Alibaba over what could have been a multi-billion dollar listing for the city. Neogitations between the world's largest online retailer and the Hong Kong bourse broke down last month partially because the city's listing rules prevented Alibaba's founder Jack Ma a ... read more

Space technologies boost disaster reduction int'l co-op

How to Manage Nature's Runaway Freight Trains

Uruguay to pull peacekeepers from Haiti: president

Storm-battered northern Europe slowly gets back to normal

Breakthrough in study of aluminum should yield new technological advances

Gravity and the robot satellite attitude problem

Global IT spending set to recover in 2014

Plasmonic crystal alters to match light-frequency source

The nitrogen puzzle in the oceans

Rising temperatures challenge Salt Lake City's water supply

Water mark: Los Angeles fetes 100 years of aqueduct

Toxic river a bane to one in eight Argentines

Search on for oldest antarctic ice in hunt for ancient climate clues

Stowaways threaten fisheries in the Arctic

The search for the oldest ice cores

Dutch plead in court for release of Greenpeace activists

China exchange hatches plan for egg futures

Warsaw climate meet must measure rich lands' emissions

We'll rise or fall on the quality of our soil

EU faces decision on GM crop cultivation: Commission

Improving earthquake early warning systems for California and Taiwan

Guatemala warns pilots of ash plume from volcano

Tropical Storm Sonia weakens after hitting Mexico

Hundreds evacuated as Indonesia volcano erupts

African leaders discuss rapid-deployment emergency force

Hong Kong firm debuts in Africa with $104m S.African deal

Tanzania halts anti-poaching drive after abuse claims

China backs African bid to suspend ICC Kenya case

Study: Humans made sophisticated stone tools earlier than thought

Did hard-wired fear of snakes drive evolution of human vision?

Hair regeneration method is first to induce new human hair growth

No known hominin is ancestor of Neanderthals and modern humans

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement