Chinese exporters at Asia’s largest trade fair for China-made products said they expect orders to increase this year, despite weakening demand from Europe and the increasing value of the renminbi, Reuters reported. Three-quarters of the 85 exporters that Reuters surveyed at the Canton Fair, held in the southern manufacturing center of Guangzhou this weekend, said they expect sales to increase by an average of 4% in 2012 and 7.4% in 2013. Of those polled, 46% were optimistic about their business, 41% were ambivalent and 13% were pessimistic. One in ten exporters polled expressed bankruptcy concerns. Confidence has grown in tandem with Chinese exports, which rose 9.9% in September compared with a year earlier. The Ministry of Commerce also announced Friday that China’s foreign direct investment fell 3.8% in the nine months through January, compared to a year ago, Reuters reported.
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