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East China Fair sees export deals up 22% on global recovery

(Xinhua)
Updated: 2010-03-06 11:40

SHANGHAI -- Export deals at the 20th East China Fair, which ended Friday in Shanghai, rose 22 percent year on year to $2.73 billion, the fair organizer said.

The growth came as global economic recovery revived external demand for Chinese exports. Last year, export deals slumped 39 percent to $2.24 billion amid the global financial crisis.

China's exports grew 21 percent in January as the global economy gradually began to recover, customs data showed. Exports ended 14 months of decline in December by growing 17.7 percent from a year earlier.
The organizer did not reveal figures of import deals.

The export and import fair had 5,310 booths with an area of 103,500 square meters and attracted 3,376 businesses, 95 percent of which are local exporters.

The five-day fair attracted 19,000 foreign customers, up 4.4 percent from last year, from 123 countries and regions.

The number of US buyers fell 25.3 percent from a year earlier, but their transaction value was up 17.7 percent.

The largest regional commodity fair in China was sponsored by the Ministry of Commerce and hosted by nine eastern provinces and cities: Jiangsu, Shanghai, Zhejiang, Anhui, Fujian, Jiangxi, Shandong, Nanjing and Ningbo.