Photo
      Policy Briefing
      Governmental Regulations
      Business News
      Auto
      Finance
      Telecom
      Foreign Trade
      Economy of China
      Foreign Investment
      Development Zones
 Investment FAQ
      16. What are the rules for foreign shipping companies to set up their solely owned companies in China?
      17. What are the conditions for establishing Chinese-foreign equity and contractual joint venture medical institutions within Chinese territory?
      18. What are the rules for establishing foreign-funded commercial enterprises in China? (1)
      18. What are the rules for establishing foreign-funded commercial enterprises in China? (2)
      19. What are the regulations concerning taxes for enterprises with foreign investment and foreign enterprises engaged in consultation business?
      20. Are foreign businesses allowed to invest in cinemas? What are the relevant regulations?
Canton fair reports 1.8% export rise in first session

2008-04-23 00:07:09

 

    GUANGZHOU, April 22 (Xinhua) -- The 103rd China Import and Export Fair, the largest yet, recorded 25.43 billion U.S. dollars worth of export deals during its first session, which ended on Sunday.

    That was a rise of 1.8 percent from the previous session of the fair in October, said Xu Bin, spokesman of the fair.

    Long called the Canton fair, it was a biannual export-promotion event until the 101st session, when its name officially was changed to the China Import and Export Fair from the Chinese Export Commodities Fair.

    The fair, held in Guangzhou, capital of Guangdong Province, has two phases this year. The first was from April 15 to 20, while the second will run from April 25 to 30. The first phase featured textiles, garments, health products, household appliances, tools, small vehicles and hardware. Food, tea, kitchenware, decorations, toys, sporting goods, and office supplies will be on show in the second phase.

    Business deals featuring mechanical and electrical products were the most active, totaling 16 billion U.S. dollars and accounting for 62.9 percent of all contracts.

    Private companies continued to play a leading role in securing business deals, followed by state-owned enterprises and overseas-financed ventures.

    Attendance at the first session was up 4.1 percent from the previous fair, with 128,155 overseas procurement business people, but down 5.8 percent from the 101st.

    Judging by deals done, Europe, the Middle East and the United States remained the top three buyers at the fair, which is considered a "weather vane" for conditions in China's foreign trade.



 Font Large Medium Small
 Recommend to friends
 View comments on this article
 Most E-Mailed Articles(Most Popular)