In the global foreign trade party Canton Fair held recently, many participated companies felt long lost warmth.

    “Until now in this year, our sales revenue equaled to 50% of that of last year. We are expecting to gain 20-30% growth according to the current situation,”The Qingdao Dongqiao Trade Co., Ltd. deputy general manager Sun Yanpeng said. The Qingdao Chuanghui Industry Co., Ltd. general manager Zhang Xueliang said,”This year’s deal is more than past years, and profit is higher.”According to the interview, over 60% of Qingdao exhibited companies are optimistic and confident about the future.

    Statistics account for foreign companies’ feeling and judgment. Statistics from Qingdao Municipal Commerce Bureau show, in the 1st quarter, the total value of Qingdao cargo throughput is CNY 11.9229 billion, up by 28.6%. Such rarely seen growth sets a new record high after 2008. What should be mentioned is that the import and export of private owned companies increased by 35.8%, adding 6.1 percentage points to Qingdao export and 38.8 percentage points to Qingdao import.

    Analysts say the rare fast growth of Qingdao foreign trade in the 1st quarter is because of recovery of international markets;major economic entities such as US see import rebound. On the other hand because of great efforts by the Qingdao in Adjusting Economic Development Method, Changing Economic Structure and Boosting Transformation, in particular, the change of development power has released new energy. (Shen Junlin) [Foreign businessmen visited Qingdao exhibition zone and negotiated with exhibitors.]