Fifteen foreign countries, regions participate in seventh annual China Jiangsu International Agricultural Machinery Fair that sees overseas companies' transaction value reach 153M yuan, accounting for more than 40% of total

Nevin Barich

NANJING, China , April 12, 2013 (Xinhua News Agency) – China's acceleration of the development of modern agriculture is bringing opportunities for the global farm machine industry and is attracting farm machine companies from many other countries and regions.

A total of 15 foreign countries and regions participated in the Seventh China Jiangsu International Agricultural Machinery Fair that closed Thursday and the overseas companies' transaction value reached 153 million yuan, accounting for more than 40 percent of the total.

The number of foreign companies was much higher than previous years and there were more new products and buyers, said Qian Lei, an official of the Jiangsu subcommittee of the China Council for the Promotion of International Trade.

The Chinese government attaches high importance to the development of modern agriculture and this is favorable for the farm machine industry. Zhang Zhe, a marketing manager of the world leading farm machine producer Claas, said the company was confident in the Chinese market and would adjust its farm machine designs to cater for China's agricultural production.

Meanwhile, China's farm machinery was also appealing to foreign buyers at the fair and won nearly 1,000 orders from overseas companies, noted Lin Hui, director of the development department of the Jiangsu Farm Machine Bureau.

The fair is held every other year in Nanjing, capital city of East China's Jiangsu province, and has become one of the biggest farm machinery fairs in southern China. (Edited by Liu Xiaoyun, liuxy08@xinhua.org)

(c) 2013 Xinhua News Agency

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