Foreign-invested Enterprises Commodities Fair Makes 31.6 billion Deals

Today (June 18) is the 2^nd day of the 1^st Guangdong Foreign-invested Enterprises Commodities Fair held in Dongguan. Yesterday was a great day for business, with the signing of over 31 billion Yuan's worth of deals. Our journalist Yang Zhen was on the spot: 5000 buyers including large retailers such as Wal-Mart, Carrefour and Grandbuy are attending the fair. With over 1100 exhibitors displaying nearly 10,000 different products, everyone is hoping to get a piece of this very big and profitable cake: China's domestic market. Vice minister of Commerce, Yi Xiaozhun commented that: "the fair for Foreign-invested Enterprises is not only a makeshift to cope with the financial crisis. It is a long-term solution to promote China's economic transfer and upgrade."

GD foreign trade dives deeper in May

Guangdong's foreign trade dived deeper again in May, down 22%. From February to April, the decrease rate was slowing down, unfortunately, May figures reversed the trend. The Guangdong Foreign Trade Department said the major reason for the drop remains weak demand from overseas markets. Authorities estimate that Guangdong's foreign trade is very likely to continue dropping in the 2^nd half of this year. However, the decrease rate should slow down the 3^rd quarter and growth may even appear at the end of the year.

Israel Visa Application For Guangdong Citizens Could Start at August

According to Avraham Nir, the Israeli Consul General in Guangzhou, starting in August Guangdong citizens will be able to able for individual visas to visit Isreal. The Israeli Consulate General in Guangzhou opened in March, therefore the latest foreign consulate to have set-up office in the city.