The 135th China Import and Export Fair, widely known as the Canton Fair, opened on Monday in Guangzhou, southern China's Guangdong Province, setting new records in scale and participation. The event highlights the robust vitality of China's foreign trade and its growing appeal to global businesses.
This year's fair is the largest in its history, featuring an expansive exhibition area of 1.55 million square meters. A total of 28,600 companies are showcasing their products in the export section, while 680 companies are participating in the import section, reflecting a dynamic exchange between Chinese and international markets.
As of last Saturday, 144,000 overseas purchasers from 215 countries and regions had completed pre-registration to attend the fair. The figures demonstrate a significant increase in global interest, with notable growth in participation from various regions:
- A 21.4 percent increase from the United States.
- A 13 percent rise from Organization for Economic Cooperation and Development (OECD) countries.
- A 24.7 percent boost from Middle Eastern countries.
- A substantial 45.9 percent surge from nations participating in the Belt and Road Initiative.
- A 15.5 percent increase from member countries of the Regional Comprehensive Economic Partnership (RCEP).
Additionally, 288 leading enterprises and industrial and commercial institutions have confirmed organizing delegations to attend the event, marking an increase of 21.5 percent from the previous session. This uptick underscores the Canton Fair's significance as a premier platform for global trade and cooperation.
The Canton Fair serves as a barometer of China's foreign trade and offers valuable opportunities for businesses worldwide to engage with China's vast market. The record-breaking participation this year signals strong confidence in China's economic prospects and its pivotal role in international trade.
Reference(s):
135th Canton Fair demonstrates vitality of China's foreign trade
cgtn.com
