CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

Imported goods now Canton Fair highlight

03-15-2011 16:12 BJT

Imported goods will again be a highlight at the China Import and Export Fair in April - a vast change from when it was founded in 1957 without a single import on offer.

Commonly known as the Canton Fair, the trade mart has been held in Guangzhou of Guangdong province every spring and autumn for 54 years. It was called simply the China Export Fair when it began because no overseas goods were exhibited.

The first imported goods zone covered 10,000 square meters at the 101st Canton Fair four years ago when foreign companies were invited to participate for the first time.

With the import zone doubling in size and number of goods, the fair is now regarded as one of the best markets for overseas companies to find buyers.

Each of the two fairs last year welcomed more than 200,000 dealers and visitors, with contracted deals worth more than $30 billion.

At the 108th Canton Fair last autumn, more than 500 enterprises from 43 countries and regions across the world showed their products in the imported goods zone, attracting more than 88,000 buyers from China and overseas.

The fair received high praise from business delegations from many countries and regions including India, Singapore, South Korea, the Netherlands and Turkey.

The imported goods zone is planned for two of the three five-day periods in this spring's Canton Fair. The first session lasts from April 15 to 19 focusing on electronic appliances, machinery and industrial raw materials. The second runs from May 1 to 5 to display food, farm produce, cosmetics and health care products.

Expanding scale

The twice-a-year gala is among China's most important international business fairs, boasting the longest history, excellent reputation, large scale, vast range of products and great numbers of dealers involved.

During the nation's 11th Five-Year Plan (2006-2010) period, the Canton Fair expanded its exhibition area from 620,000 square meters to more than 1.1 million square meters as its number of booths grew from 30,000 to 57,000.

More than 150,000 products from 23,000 companies were exhibited in the fair over the period, attracting 1.9 million buyers from 212 countries and regions. Export contracts worth more than $330 billion were signed over those five years.

"The Canton Fair will go on highlighting its market orientation and global insights," said officials of the fair. "With many years' revolutionary reforms, the fair has greatly improved, and is able to provide a broader, more professional platform for enterprises all over the world to trade and share information."

"But we still have to upgrade our service and organization to offer more and better opportunities for business cooperation," they added.

Editor:Xiong Qu |Source: China Daily

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program