Caixin
Nov 05, 2018 09:01 PM
ECONOMY

U.S. Orders From Canton Trade Fair Sink 30%

The 124th China Import and Export Fair in Guangzhou, Guangdong province, ended on Sunday. Photo: VCG
The 124th China Import and Export Fair in Guangzhou, Guangdong province, ended on Sunday. Photo: VCG

The ongoing trade war between the U.S. and China has seen export orders by U.S. purchasers plummet at Guangzhou’s 51-year-old China Import and Export Fair.

Export orders to the U.S. were down 30.3% year-over-year to $2.8 billion, said fair spokesman Xu Bing at a news conference held at the end of the biannual fair Sunday. The number of U.S. attendees dropped 4.07% to 10,739, Xu said.

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