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2011 Spring Canton Fair hardware and electrical products transactions are considerable
According to the data of China Chamber of Commerce for Import and Export of Mechanical and Electrical Products, as of April 18, the cumulative turnover of mechanical and electrical products in the 2011 Canton Fair was 16.21 billion US dollars, up 10.9% from the previous session and 25.2% from the spring of 2010, accounting for the first phase of the Canton Fair. 85.3% of the total turnover. According to reports, Midea Group, Guangdong Galanz and Haier Group are the three largest companies with the largest volume. According to the person from the Electrical and Mechanical Chamber of Commerce, from April 15 to 18, 2011, the turnover of home appliances and consumer electronics and transportation products was strong. Household appliances and consumer electronics products, transportation products, and electrical and electronic products accounted for 7.07 billion, 1.41 billion, and 690 million US dollars, respectively, up 34.4%, 17.9%, and 17.1% from the previous year's Spring Fair. The turnover of the three types of products accounted for mechanical and electrical products. 57.6% of the total turnover. Among the trading partners, I accounted for more than 60% of the transactions between the EU, the BRICS, the United States and ASEAN. The above four key markets accounted for 28.3%, 16.5%, 15.2% and 5.7% of the total turnover, respectively, accounting for 65.7% of the total turnover. It is worth noting that at the Canton Fair, the turnover of private enterprises increased significantly, ranking first. As of April 18, the turnover of private enterprises in the Electromechanical Hall of the Canton Fair exceeded state-owned enterprises, with a total turnover of US$7.03 billion, a year-on-year increase of 25.4%, accounting for 50.8% of the total turnover.