《Chinese Export Boom in Evidence at Trade Show》.doc

Chinese Export Boom in Evidence at Trade Show Timothy ORourke for The New York Times GUANGZHOU, CHINA — Throngs of buyers from around the world swarmed through the world’s largest trade show at its opening Thursday, underscoring how China’s combination of a cheap currency and low wages is producing a resurgence of exports this autumn. As wholesalers and distributors from dozens of countries began snatching brochures and exchanging business cards at booths in exhibition halls with five times the floor area of the Empire State Building, Chinese exporters said they were convinced that sales were finally rebounding. In one of the most telling signs of the recovery, container shipping prices from China to the West have jumped 50 percent in the past two months as exporters have scrambled for space on suddenly crowded decks. Chinese factories are hiring temporary workers to cope with a last-minute surge in orders, many of them from emerging markets but some from Europe and even from the economically weakened United States. “We are very confident,” said Liu En Tian, the marketing manager of the Huasheng Jiangquan Group, a manufacturer of ceramic tiles in Linyi City. “Already the buyers who are coming this morning are more than last year.” Like those of many Chinese manufacturers, his company’s exports fell by nearly half last winter because of the global economic slowdown, but they are now down only 20 percent from their peak more than a year ago because of a surge in sales to South America and the Middle East. “The economy will get better very soon” around the world, Mr. Liu said. China’s many policies to help exporters, from tax breaks to currency market intervention, have relieved unemployment in China — but at the expense of contributing to it in other countries, and that is starting to fan trade tensions. President Barack Obama imposed tariffs starting at 35 percent on tires from China last month, and anti-dumping and anti-subsidy cases against China are piling up in