国内英语资讯:China Focus: Canton Fair concludes with more buyers, deals_时事

国内英语资讯:China Focus: Canton Fair concludes with more buyers, deals

Export turnover with the Belt and Road countries and regions increased by 13.6 percent to 9.37 billion U.S. dollars, or 31.1 percent of the fair's total.

Exhibitors from various sectors, including construction materials, machinery, home appliances, textiles and food, saw robust demands and growing deals from such countries and regions.

Wenzhou Reluex is a manufacturer of health care and massage equipments based in east China's Zhejiang Province. Its export turnover expanded by 62.5 percent in the first eight months of this year, thanks to a larger market share in Southeast Asia and countries along the Belt and Road.

Besides, 341 companies from 17 Belt and Road countries and regions also attended the fair's import exhibition, which provided a major platform for them to explore the Chinese market and meet buyers from around the world.

However, Xu also warned that rising raw material prices, exchange fluctuations, manufacturing refluxing of developed countries and the rise of middle and low-end manufacturing in emerging economies would still have an impact on China's foreign trade development.

Protectionism, sluggish external demands, and the struggling recovery of the world economy were also among the "many uncertain and unstable factors" affecting China's foreign trade.

Many buyers at the fair remained cautious and just placed short-term orders of no more than 6 months, Xu noted. He called for continued efforts to reform and upgrade China's foreign trade industry.