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Deal increase, economy bottoms out

According to the analysis of the Municipal Office of the State Administration of Taxation, the overseas purchasers and export turnover at the meeting showed a trend of "double increase". A total of 204000 overseas purchasers from 212 countries and regions attended the fair, an increase of 15800 or 8.4% over the 106th session; the volume of export transactions was 34.3 billion US dollars, an increase of 12.6% over the 106th session; the number of purchasers and export transactions at the fair showed a double upward trend on a month on month basis, and the whole economy released a signal of bottoming out.

The traditional market and the emerging market have shown signs of "one change for another". The number of overseas purchasers attending the conference increased in general, but the number of EU purchasers attending the conference decreased by 15.2% compared with the 106th session, while that of Japan decreased by 4.6%; the number of emerging market purchasers increased significantly, and the number of purchasers attending the conference in Asia, America, Africa and Oceania all maintained a substantial growth, with a strong growth momentum. Among them, the number of procurement merchants in Oceania increased by 23.6% compared with the 106th session, and the procurement desire of emerging market purchasers increased significantly.

The situation of foreign trade and export is still grim

The scale of enterprises' participation and exhibition has reached a new high, which shows that the confidence in foreign trade market is increasing. It is reported that the total number of exhibitions of the fair is 56900, nearly 1000 more than the 106th session; the total exhibition area is 1.13 million square meters; the total number of exhibitors is 23400, 1039 more than the 106th session. On the basis of maintaining a stable overall exhibition pattern, the fair has continuously optimized the product structure of the exhibition, increased the added value of the products, expanded the brand exhibition area moderately, set up 10400 booths, an increase of 480 compared with the 106th session, an increase of 5%; the turnover of the brand exhibition area has reached US $10.6 billion, an increase of 6.1% compared with the previous session, accounting for 30.9% of the total turnover.

"But the export situation is still not optimistic." According to the analysis of the Municipal Office of the State Administration of Taxation, although the overseas purchasers and export turnover at the fair have achieved "double increase", the fair is still dominated by medium and short orders, and enterprises are cautious in receiving orders, among which the short orders within three months account for 53%, and the foreign trade export situation is far more complicated than expected. The European sovereign debt crisis has disturbed the recovery path of European economies and led to the re diffusion of financial risks. The situation of foreign trade exports will be more severe due to the combined influence of uncertain factors such as the expectation of RMB appreciation, the sustainability of relevant national policies and the increase of rigid costs.