Russian News  
Low Turnout At China Fair Suggests Cooling Of US Trade

A slow day at the Machinery Fair
by Staff Writers
Shanghai (AFP) March 6, 2008
Fewer North American businessmen than expected have showed up for an annual east China trade fair, suggesting a cooling in Sino-US commerce, Chinese state media reported Thursday.

Around 1,600 North American businessmen attended the annual Eastern China Commodity Fair, the Xinhua news agency said, suggesting a drop of about 50 percent from last year.

Data from last year's fair showed nearly 2,400 businessmen from the United States and Canada participated.

The fair could indicate the trend in China's foreign trade in 2008, Xinhua said, citing experts.

"The number of American businessmen to the fair was only two thirds of those from the European Union, showing lacking domestic demand in the United States," Wang Qingjiang, an official with the fair was quoted as saying.

"The subprime crisis in the United States has shown its influence on China's exports," Wang added.

Economists have said China would probably see exports slowing this year due to weakening external demand with the fallout from the US subprime mortgage crisis and other factors like a stronger Chinese yuan against the US dollar.

The five-day fair starting from March 1 attracted more than 19,000 businessmen from 145 countries and regions around the world, with more than 60 percent from Asia, according to the report.

Community
Email This Article
Comment On This Article

Related Links
Global Trade News

China to follow WTO rules in EU, US news financial spat: commerce ministry
Beijing (AFP) March 4, 2008
China said Tuesday it will comply with World Trade Organisation rules after the US and the EU filed a complaint at the global trade body over restrictions on foreign news providers.







  • Germany Wants New Strategic Partnership With Russia
  • Taiwan boosts military spending amid China increase
  • China announces big rise in military spending, amid US tensions
  • Pentagon voices concern over China's military power

  • Iran Set For Showdown On Multiple Fronts
  • Experts evaluating nuclear blast detection system: CTBTO commission
  • Outside View: Concerts and nukes
  • North Korea Blames US For Impasse In Nuclear Talks

  • Analysis: India eyes fake currency flow
  • Process On For Establishing Aerospace Command
  • Cisco plans to turn India into global hub, triple workforce
  • India's Biotech Baby Elephant

  • China can control inflation: deputy central bank head
  • China's employment situation 'very severe': labour minister
  • Hijacker shot after taking Australians hostage in China
  • EU, US file WTO complaint over Chinese media restrictions

  • Imports From Latin America May Help US Meet Energy Goals
  • Emerald Isle to go green: Irish PM
  • Nigerian Oil Industry Good For 40 More Years
  • China's biggest oil producer in talks with Qatar: report

  • Twenty years on, Japan's 'Hope' lab to blast into space
  • Space Station Orbit Raised Five Clicks
  • Unique Three-Way Partnership For ATV Ground Control
  • Europe Sets A Course For The ISS

  • Northrop Grumman Delivers Payload Module For Second Advanced EHF Military Communications Satellite
  • Orbital Awarded Contract For System F6 Satellite Program By DARPA
  • Lockheed Martin Completes Rigorous Test Of First Advanced Military Communications Satellite
  • Northrop Grumman And Harris Demonstrate Airborne Networking

  • Singapore puts ammo under ground
  • Lockheed Martin Receives Contract To Demonstrate A C-RAM Interceptor System
  • Tank Warfare And Doctrine Part Six
  • URI Selected By DHS To Co-lead New Center Of Excellence For Explosives Detection

  • The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement