Zhong Shan
Canton Fair is looking to emerging nations
Commerce vice-minister Zhong Shan expects a record-breaking number of buyers and exhibitors at the Canton Fair, the mainland's largest trade show. But he warned of "more challenging and complicated" prospects for global trade this year.
The 111th session of the twice-a-year China Import and Export Fair - as it is officially known - will be held in Guangzhou from 15 April to 5 May.
China may lower tax for imported consumer goods
China may lower the tax for imported consumer goods, Vice Minister of Commerce Zhong Shan said.
The ministry is now soliciting opinions for a new guideline to encourage more imports in order to balance the trade structure, he said on Thursday. Among the suggestions submitted is one calling for fewer taxes on consumer goods imported from foreign countries.
China eyeing top-exporter tag
China is likely to overtake Germany as the world's largest exporter in 2009, despite a sharp fall in shipments, a trade official said.
However, 2009 was a tough year for the Asian giant, with full-year exports predicted to decline by 16 percent on-year, Vice Commerce Minister Zhong Shan added – the biggest decline in at least three decades, according to available ministry data.
