2023-05-06 03:33:51
27% decrease from pre-coronavirus… Overseas buyers cut in half
(Shenyang = Yonhap News) Correspondent Park Jong-guk = It was found that export contracts at the China Import and Export Commodities Fair (Canton Fair), China’s largest trade fair, which was held on the largest scale ever in 3 years and 6 months, were poor.
[신화사 캡처. 재판매 및 DB 금지]
According to China Central Television (CCTV) on the 6th, the export contracts of the 133rd Spring Canton Fair, which closed the day before, were $21.69 billion (approximately 28.7826 trillion won) for on-site contracts and $3.42 billion (approximately 4.42 billion dollars) for online contracts. 540 billion won) for a total of 25.11 billion dollars (approximately 33.32 trillion won).
The on-site export contract is a 27% decrease from the contract value of $29.73 billion (approximately 39.45 trillion won) at the time of the 2019 Spring Canton Fair, before the outbreak of Corona 19.
The size of the Canton Fair exhibition hall was 150 square meters, an increase of 320,000 square meters from the previous one, and the number of exhibitors reached 34,000, making both the exhibition hall area and participating companies the largest ever, but the contract performance was far below the pre-COVID-19 level.
The number of overseas buyers who visited the Canton Fair also decreased by almost half compared to the previous 200,000 to 129,000.
In addition, 63,000 people, half of the visiting overseas buyers, were filled with buyers from countries related to China’s One Belt, One Road (land and sea silk road connecting China-Central Asia-Europe).
[양성만보 캡처. 재판매 및 DB 금지]
These results reflect the worsening situation in China’s exports due to the effects of the global economic downturn, and it is analyzed that Western trade restrictions on China, such as banning imports of products related to Xinjiang, citing human rights issues, also had an impact.
The Canton Fair, which started in 1957 and is held twice a year in spring and autumn in Guangzhou, Guangdong Province, is the oldest and largest international fair in China.
Each time, 200,000 buyers from 200 countries and regions participate, and the contract completion rate is high, making it a representative trade fair in China.
However, due to the outbreak of Corona 19, it was virtually suspended following being held in the fall of 2019, and was held from the 15th of last month to the previous day following 3 years and 6 months.
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