What is the financial scale of postponed Asian trade fairs?

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The Financial Scale of Postponed Asian Trade Fairs Is Not Consolidated

The total financial scale of all postponed Asian trade fairs due to the spread of the China coronavirus is not provided. However, significant deal values were reported for some of the major events that have been rescheduled. The Canton Fair, China's largest trade exhibition, saw US$29.7 billion worth of deals signed last year, while the East China Import and Export Commodity Fair announced US$2.3 billion in deals in the previous year.
Major Trade Fairs Postponed Amid Health Concerns

Numerous large-scale trade fairs and industry conferences across Asia have been postponed as a precautionary measure against the ongoing health crisis. These include prominent events like the Canton Fair, which typically holds its spring exhibition in April, and the East China Import and Export Commodity Fair, originally slated for March. Other significant gatherings affected include the annual trade conference for the global chip industry, SEMICON, and the International Building and Construction Trade Fair, both originally scheduled for late March in Shanghai.
Significant Deal Values at Past Events

The postponed events represent venues where substantial financial transactions have historically occurred. For instance, the Canton Fair alone facilitated deals valued at US$29.7 billion in the prior year. Similarly, the East China Import and Export Commodity Fair, a key event for traders of garments and household goods, had announced US$2.3 billion in deals in the preceding year, highlighting the economic importance of these gatherings.
Broader Economic Impact Beyond Trade Fairs

The ripple effects of these postponements extend beyond the direct trade fair figures. A report by data consultancy Tourism Economics forecasted a potential drop of US$5.8 billion in visitor spending in the United States from China in 2020, equating to a 28 percent decrease in visits. This projection underscores the wider economic consequences stemming from travel restrictions and a general decline in business confidence.

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What is the financial scale of postponed Asian trade fairs?

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