The 125th China Import and Export Fair or also known as Canton Fair has come to an end, having received 195,454 buyers from 213 countries and regions. New buyers accounted for 42.5% of the total, an increase of 0.64 percent over the last Spring session. Together with 25000 exhibitors, the fair has driven US$29.73 billion in global trading turnover.
88,009 guests from Belt and Road Initiative (BRI) countries accounted for 45.03 percent of total attendance, generating US$10.63 billion in export volume to the 64 states – an increase of 9.9 percent. Xu Bing, Spokesperson of the Canton Fair and Deputy Director General of China Foreign Trade Centre, noted: “The Canton Fair remains a significant channel for domestic and international business to build up a global trade network and as a springboard into the global market.”
“Exhibitors have shown the strong capability of technological development, product innovation and brand cultivation. We have seen many value-added products with improved brand awareness emerging at the Fair,” Said Xu. “To present progress to buyers around the world, Canton Fair has introduced more services, and target marketing approaches to the already multi-functional trade platform to help businesses achieve their optimal potential.” The Canton Fair, with its 128 events, 26 regional market forums, foreign trade scenarios, global commodities, supply chain and distribution, has not only provided market insights and practical solutions to help companies make decisions but also created an open platform for all parties to share knowledge and promote sustainable trade development.
More import opportunities for global businesses: 650 foreign exhibitors from 38 countries and regions discovered the vast market potential in China at this year’s Fair, demonstrating smart and green products tailored for the Chinese market. The Fair’s International Pavilion has helped establish a fast path for international companies to enter China and form a long-term partnership with potential clients.