At this time of year, China’s passenger car dealers normally bask in a warm autumn glow, with September and October being the country’s two best months for auto sales.
But, this year is different. The chilling winds of the global credit crisis, inflation and sinking consumer confidence are being felt on dealers’ forecourts across the land.
China’s [...]
Chinese exporters, faced with dwindling foreign orders amid global economic slowdown, are diverting their attention to domestic markets.
At the ongoing Canton Fair, China’s leading trade fair, businesses that canvass foreign buyers are also focusing on the local market as their customers in the Western nations are dragged into recession by the global credit crisis.
Tags: export, [...]
The rising yuan along with escalating production costs, drove half of China’s toy exporters out of the market in the first seven months of this year, the General Administration of Customs said in a report Monday.
A total of 3,631 toy exporters or 52.7 percent of the industry’s businesses shut down in 2008. They were mainly [...]
China Shipping Container Lines Co. forecasts traffic will decline for the first time in at least four years as the global economic slowdown and a stronger yuan curb demand for Chinese-made toys, electronics and clothing in North America and Europe.
“Traffic will drop at least 10 percent for the full year,” said Zhang Denghui, assistant president [...]
The autumn session of the biannual Canton Fair opened in the southern metropolis of Guangzhou on Wednesday.
The 104th China Import and Export Fair runs from Oct. 15 to Nov. 6.
It is viewed as the barometer of Chinese exports and imports.
Tags: export, exports, Fair, import, imports, trade
The deepening and widening US financial crisis has seriously eroded global real economy, including China’s auto export businesses.
Monthly sale of the world biggest auto market, the North American market, dropped 26.6 percent in September, the worst result in a single month of the last 50 years. Morgan Stanley estimated that global auto sale will reach [...]
