Canton Fair: Sharp Decline In Europe And America, Or Next Year, The Manufacturing Industry Will Usher In A Severe Winter.

2011/10/20 16:23:00 24

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The Sharp Decline Of The European Union And The US Will Mean A Severe Winter Next Year For Manufacturing Industry.

The Canton Fair is known as "China's first exhibition". It is the largest trade in the whole country and even in Asia.

Exhibition

Being regarded as an economic vane, it is necessary to observe the flow of people and the status of signing the bill in just a few days, so we can predict the cold and warm of China's foreign trade in the coming year.

From last weekend's situation, the manufacturing industry is likely to usher in next year.

Severe winter

。

Europe and America

Purchasers have always been the main force of the Canton Fair. Because of the debt crisis in Europe and the United States in recent months, Liu Jianjun, spokesman for the Canton Fair, has warned that the situation of buyers visiting this year is not optimistic and the actual situation is not ideal.

According to official statistics, on the first day, 95 thousand people were admitted, not only a sharp decrease of 21% compared with 120 thousand last year, but also the lowest opening day record in recent years.

In the opening day of this year's meeting, people from Europe and the United States became "ethnic minorities". Exhibitors pointed out that the scene felt that more than three points and two visitors were Asian, which was quite different from the situation of foreigners standing in the corridor of exhibition hall.

Liu Jianjun expects that the volume of pactions signed on the spot this year will remain unchanged from last year's $37 billion under optimistic circumstances.

But the industry's mood is pessimistic. Cheng Jiansan, director of the Pearl River Regional Economic Research Center of the Guangdong Academy of Social Sciences, said that the order of the Canton Fair this year is likely to be substantially reduced, which means that next year, China's export manufacturing industry will once again fall to the bottom.

Wu Yongjia, vice president of the Chinese manufacturers' Association, said that the second, third quarter shipments are orders for the Christmas season. The current order is the first quarter of next year, which is even more bleak than the Christmas order, which means that the fourth quarter export is likely to grow negatively.