PRN: World's Largest Trade Show
World's Largest Trade Show [28-May-2012] - "Encouraging Growth at a Difficult Time" GUANGZHOU, China, May 28, 2012 /PRNewswire/ -- Difficult financial and job market conditions in Europe and the United States have impacted on trade at the 111th Canton Fair, the world's largest trade show held in China concluded early this May, although the slowdown was far less than many hadÂ expected.
World's Largest Trade Show
- "Encouraging Growth at a Difficult Time"
GUANGZHOU, China, May 28, 2012 /PRNewswire/ -- Difficult financial and job market conditions in Europe and the United States have impacted on trade at the 111th Canton Fair, the world's largest trade show held in China concluded early this May, although the slowdown was far less than many hadÂ expected.
The eventÂ stillÂ managed to post some record-breakingÂ figures:Â as of May 4th, 210,000 buyersÂ from 213 countries and regionsÂ had attended, up 0.23% and 1.23% from the 110thÂ and 109thÂ sessions in 2011 respectively.
Troubling timesÂ in the US and Europe were reflectedÂ inÂ theÂ totalÂ value of export deals concluded at the Fair. These fell 2.3% year-on-year to US$36.03 billion, down 4.8%Â from last year'sÂ autumn session.Â The trade volume of the USÂ and Europe was down 8.1% and 5.6% respectively.
On a positive note the number of export deals concluded with companies based in emerging marketsÂ -Â such as India, Brazil and Russia - displayed an encouraging 4.1% increase.Â TheÂ volumeÂ of tradeÂ with African countriesÂ alsoÂ roseÂ sharply to 13.5%.Â These figures illustrate the rising of emerging market as new stars of the world, and Canton Fair, being one of the most influential trade events in global import and export, offers business opportunities for growth even at a difficult time.
The experience of those who visited the Fair was also overwhelmingly positive.
"This is my first time to be in the Canton Fair,"Â saidÂ Kristrian Holmqvist, a buyerÂ from a trading company in Finland.Â "It saved me a lot of time from going to many places to search for new suppliers. For the financial crisis around the world, it's hard to say that it has specific effect on my business. But the Canton Fair does provide better ideas on doing trade business and make us to be more competitive."
"I think the world economy is experiencing a recession, but it is a good time for us to develop," said Hassan El Bizri from Brazil.
With the next installment of the Canton Fair set to kick off in October, event organizers look forward to extending a warm welcome to all international buyers. "Where there are people, there are business opportunities, and there is hope," said one staff from the trade show.
For further information please visit: http://www.cantonfair.org.cn/en/index.asp