The 126th China Import and Export Fair concluded in Guangzhou City of South China’s, also known as the Canton Fair in Guangdong Province, reporting a total export turnover of 29.29 billion U.S. dollars.
The fair saw the export transaction with Countries & Regions along the Belt & Road (B&R) reached 11.06 billion U.S. dollars, accounting for 37.75 percent of the total export trade, up 14.81 percent from the last fair.
The fair attracted 186,015 buyers from 214 Countries & Regions, of which 74,722 were new customers for the fair, accounting for 40.17 percent of the total participants, and buyers from Belt & Road Countries and regions made up 45.93 percent of the total number of buyers, an increase of 1.37 percentage points over the last fair.
More than 100 world’s top 250 retail enterprises, with five ones of the top 10, participated in the fair
The export turnover of private enterprises reached 22.16 billion U.S. dollars, accounting for 75.67 percent of the total turnover, up 0.28 percent from the last fair. And the turnover of machinery and electronic products accounted for 54.43 percent of the total turnover, ranking first.
Brand exhibition area which accounted for 20 percent of the total booth area gained a good turnover, accounting for 31.57 percent of the total turnover.
In recent years, the Canton Fair has become an important platform to promote trade between China and the countries and regions taking part in the Belt & Road Initiative, according to Xu Bing, spokesperson for the fair.
The China Import and Export Fair, held every spring and autumn in Guangzhou, capital of southern China’s Guangdong Province, is widely seen as a barometer of China’s Foreign Trade.