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Canton Fair - a symbol of China's opening-up
2014-March-19 Source: Newsgd.com
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In the spring of 1957, the Chinese Government inaugurated an export commodity fair in Guangzhou, the port which formed the starting point for the Marine Silk Road and possesses a millennium long tradition of trade by sea. Premier Zhou Enlai decided its name as "Canton Fair " for short.

With a history of over fifty years the Canton Fair (Chinese Import and Export Commodity Fair Guangzhou) is a channel for external exchanges, providing a valuable bridge between China and the world. It is China’s largest, oldest and hishest-level trade fair, boasting the most comprehensive variety of exhibits, the largest attendance, and the most lucrative business turnover. Preserving its traditions, the Fair is a comprehensive and multi-functional event of international importance. It is known as the most vital trade fair in China.

The inaugural Canton Fair covered 18,000 square meters with 1223 purchasers from 19 countries and regions. The value of their trade totaled $17.54 million. The fair was nourished by three historic opportunities— namely, the founding of the New China in 1949, the reform and opening-up since 1978, and China’s admission into the WTO. Canton Fair has thus mushroomed into being the biggest trade fair in the world, with an exhibition space covering 1.13 million square meters. Each fair handles $35 billion worth of trade value and attracts more than 200,000 purchasers from 212 countries and regions.

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Editor: Olivia
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