China-US trans­ac­tions drop at ma­jor trade event

China Daily (USA) - - NEWS CAPSULE -

Trans­ac­tions be­tween Chi­nese ex­porters and buy­ers from the United States dur­ing China’s largest trade event dropped sharply, mainly due to the trade con­flicts be­tween the two eco­nomic pow­ers.

“The on­go­ing trade con­flicts posed im­pacts on US buy­ers, bring­ing un­cer­tain­ties to the in­ter­na­tional trade mar­ket,” said Xu Bing, spokesman of the China Im­port and Ex­port Fair.

The twice-a-year China Im­port and Ex­port Fair, widely known as the Can­ton Fair, con­cluded on Sun­day in Guangzhou, the cap­i­tal of South China’s Guang­dong prov­ince.

Ac­cord­ing to Xu, trans­ac­tions be­tween China and the US dur­ing the fair dropped 30.3 per­cent, com­pared with the spring ses­sion last year. “The num­ber of buy­ers from the United States also dropped slightly,” he said.

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