106th Canton Fair Closes with Small Increase

Canton Fair
Updated: 11/5/2009 12:44:00 AM

The 106th China Import & Export Fair, more often known as the Canton Fair, ended Nov. 4  after a 20-day-long exhibition. The spokesman for the fair, Mr. Chen Zhaoren held a press conference yesterday where he revealed some important data on the performance of foreign trade in this session.

Girls searching for Cheap goods on the last day of the 106th Canton Fair. (Guangzhou Daily)

After a drowsy session in spring which took place during the worst of the global financial crisis, the autumn session saw growth both in the total transaction value and in the number of attendants. Over 188,000 buyers made the trip to Guangzhou, purchasing 30.47 billion USD of goods, up 16.2% compared to the spring session. More positive indicators were the increases in the number of European buyers, up over 30% and the number of American buyer, up 15%.

Data also shows that Guangzhou's delegation generated just over 1 billion USD, up 20% from the previous session.