28th into the East China Export Commodities Fair in Shanghai ended 4th. According to statistics, the total number of merchants and total transactions of the current China Fair has increased slightly, but the turnover of the Americas, Oceania and Africa has dropped significantly.
This year's China Fair has organized more than 4,000 Chinese foreign trade companies to participate in the exhibition, and the proportion of clothing, textile fabrics and household goods booths totaled more than 70%. According to statistics, the China Fair has 22,311 overseas visitors, from 109 countries and regions, the total number of merchants has increased slightly by 0.77% compared with the previous session, of which Asian merchants accounted for 80%.
During the four-day session of the China Fair, a total of 2.32 billion US dollars was sold, an increase of 0.16% over the previous session. Among them, the transaction to Asia was 1.505 billion US dollars, an increase of 14.34%; for Europe, the transaction was 436 million US dollars, an increase of 1.92%. The turnover in North America, Central and South America, Oceania and Africa has fallen by more than 30% to 40%.
The China International Fair is hosted by major provinces and cities in East China, such as Shanghai, Zhejiang, Jiangsu, Fujian, Anhui, etc., and is known as the “New Spring First Exhibitionâ€. It is known as the “wind vane†of China’s foreign trade and can predict the extent of East China in the whole year. And even the country's import and export situation.
Sang Qi, deputy inspector of the Shanghai Municipal Commission of Commerce, said at the China International Fair: "For China's light industry and textile enterprises, 2018 is the 'year of struggle' and needs to cultivate 'new advantages'."
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