The Canton Fair Reflects The Overall Challenges Facing China'S Foreign Trade As A Whole.

Guangzhou, May 5 (Xinhua) the good news of China's foreign trade in the harsh environment is that the 119th Canton Fair, which falls on the 5 day, has seen a slight increase in purchasers and turnover.

This is the 114th session of November 2013.

For the first time since the "double drop", both have gone up and down.

Xu Bing, deputy director of the China Foreign Trade Center, said that 185596 overseas buyers of the 119th Canton Fair came from 210 countries and regions, representing an increase of 0.43% over the Spring Fair of 2015. The total export turnover was 182 billion 288 million yuan (equivalent to 28 billion 84 million US dollars), an increase of 0.1% over the same period last year.

The number of purchasing merchants along the "one belt and one way" area increased significantly, an increase of 0.80% over the previous year, accounting for 43.97% of the total.

Among them, ASEAN and SAARC increased by 6.01% and 5.65% respectively.

Developed economies and traditions

Generally speaking, the growth is more obvious: the US grew by 2.61% over the same period last year, Canada increased by 2.54% compared with the same period last year, and the EU grew by 0.77% over the same period last year.

Xu Bing said that exhibitors generally reflected that the overall situation of the Canton Fair was better than expected.

The number of purchasers and the "double liter" sign of the export trade show that our foreign trade enterprises have improved their comprehensive ability through their own efforts, and the new kinetic energy is accumulating.

A large number of high technology and high added value with independent intellectual property rights and independent marketing network.

The paction was lively at the Canton Fair.

It is worth mentioning that the awareness of intellectual property protection of participating enterprises is enhanced.

This complaint reception station identified 324 alleged enterprises constitute a suspected infringement, a decrease of 11.96% over the same period.

While seeing the good trend, the Canton Fair also reflects the overall challenges facing China's foreign trade as a whole.

Xu Bing said that although the number of overseas procurement traders and export pactions showed a slight increase, the situation of overall weakness in the international market remained unchanged. In the orders reached by the Canton Fair, the proportion of short and medium accounts in the 6 months remained high, reaching 82.4%, while the long list ratio was only 17.6%, still low, indicating that China's foreign trade still faces more uncertainties and needs to be taken seriously.

"The purchasing intention of global buyers has increased, the price sensitivity has been reduced, and the quality and service of products can be more concerned. Domestic enterprises should pay attention to this."

He said.