Date
21 October 2017

Canton fair export sales down 3% on year , Xinhua says

The 114th China Import and Export Fair, also known as Canton Fair, posted export sales of 194.61 billion yuan (US$31.91 billion), down 3 percent from the previous year, the official Xinhua news agency reported Monday. Sales to the United States were up 11 percent year on year, the highest among China’s trade partners, spokesperson Liu Jianjun was quoted as saying. Sales to Brazil, Russia, India and South Africa, which form the BRICS bloc with China, were down 12 percent from the previous year, the report said. It was the first time export sales were reported in renminbi. The figures were lower than those from the Shanghai Spring Fair in April.

– Contact HKEJ at [email protected]

EL/AC/RA

 

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