The Canton Fair－held twice a year and known as the China Import and Export Fair－concluded on last Friday in Guangzhou.
It's reported that the total transactions at the spring fair increasing by 6.9% year-on-year to 206.357 billion RMB($30 billion)!
# Let's see the following graph which shows some DETAILED FIGURES 🔽
Trend of China's Foreign Trade
China's foreign trade is expected to sustain an upward trend in the near future, as more export-oriented companies focus on developing new levels of competitiveness, according to the spokesman of the nation's biggest trade event.
"Chinese exporters are no longer manufacturers focusing on intensive production and lower pricing to compete in the global market," said Xu Bing, spokesman of the Canton Fair.
"Development of new competitiveness－including technology, brands, quality and services－is reasons behind the increased transactions for Chinese exporters," said Xu, also deputy director of the China Foreign Trade Center.
Source: NewsGD
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