New markets buy big at trade fair

Buyers from emerging markets are stepping forward to pick up the slack as orders from developed nations slow.

At the just-ended Canton Fair, a biannual event seen as a barometer of China’s foreign trade, orders from BRICS members India, Brazil, Russia and South Africa increased 5.2 percent year-on-year, while those from Middle Eastern countries rose 3.8 percent.

“The number of buyers from emerging markets, especially from Africa, and Australia, also increased a lot, sending a signal that demand for Chinese products in these regions is increasing,” Liu Jianjun, spokesman of the Canton Fair and deputy director of the China Foreign Trade Center, said at Sunday’s briefing.

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