China Import and Export Fair

      China Import and Export Fair, also known as the Canton Fair, was founded in the spring of 1957 and is held every spring and autumn at the China Import and Export Fair Complex located on Pazhou Island, Haizhu District, Guangzhou. It is jointly sponsored by the Ministry of Commerce of the People's Republic of China and the People's Government of Guangdong Province, and organized by China Foreign Trade Center. It is a comprehensive international trade event.

     On April 25, 1957, the first China Export Commodities Fair opened. Since the first China Export Commodities Fair was held, the state decided to hold the China Export Commodities Fair, also known as the Canton Fair, in Guangzhou every spring and autumn. In the past few decades, the Canton Fair site has been relocated several times, and the area of the exhibition hall has increased dozens of times, gradually expanding in scale and increasing in influence. Since the 101st session in the spring of 2007, in order to promote trade balance, the Canton Fair has begun to set up an import exhibition area, which has increased the import function for the first time. Officially changed its name to "China Import and Export Fair". 

       The Canton Fair focuses on export trade, but also does import business, and can also carry out various forms of economic and technical cooperation and exchanges, as well as commodity inspection, insurance, transportation, advertising, consulting and other business activities. The Canton Fair is a comprehensive international trade event with the longest history, the largest scale, the most complete range of commodities, the largest number of buyers and the widest distribution of countries and regions, the best transaction effect and the best reputation in China. The Canton Fair is an important trade promotion platform in China, directly connecting the international and domestic markets, and is an important node of international and domestic dual circulation, and has a unique position in building a new development pattern.

Pavilion and exhibition content

       China Import and Export Fair Complex (also known as Canton Fair Complex) is located in Pazhou Island, Haizhu District, Guangzhou, with a total construction area of more than 1.62 million square meters and an exhibition area of 620,000 square meters, including an indoor exhibition area of 504,000 square meters and an outdoor exhibition area of 116,000 square meters, making it the world's largest exhibition complex. The Canton Fair Complex consists of the A, B, C, D pavilions, the Canton Fair Hall, Block A of the Canton Fair Building (The Westin Canton Fair) and Block B.

     The 135th Canton Fair has a total of 13 sections and 55 exhibition areas, the first phase covers electronic appliances, industrial manufacturing, vehicles and two-wheelers, lighting and electrical, hardware and tools, and the second phase covers household goods, gifts and decorations, building materials and furniture; The third phase covers toys and maternity, baby and children, fashion, home textiles, stationery, health and leisure; The theme of the online platform is the same as that of the offline exhibition.

Effect

Economic Development

      The 2011 study showed that the Canton Fair can promote Guangzhou's economic development, and other factors remain the same, for every percentage point change in the annual turnover of the Canton Fair, Guangzhou's GDP will change by 0.10844 percentage points in the same direction. Specifically, the economic impact of the Canton Fair on Guangzhou is mainly to enhance the level of Guangzhou's opening up by driving Guangzhou's import and export, followed by upgrading the industrial structure by driving the growth of the secondary industry and the primary industry, and finally by driving the consumption chain of many related service industries such as accommodation, catering, tourism and so on. The Canton Fair has also attracted a large number of multinational companies together, greatly broadening the channels and opening up the market for China's foreign trade undertakings.

      The Canton Fair is an important trade promotion platform in China, directly connecting the international and domestic markets, and is an important node of international and domestic dual circulation, and has a unique position in building a new development pattern.

External exchanges

      The establishment of the Canton Fair is a pioneering initiative in China's foreign trade circles. Through the holding of the Canton Fair, it has successfully opened up a new situation in China's foreign trade, which is of great political and economic significance. The holding of the Canton Fair has also built a platform for foreign trade and foreign exchanges for the country, attracting foreign guests and overseas Chinese to come to negotiate business, and publicizing New China's foreign trade policy of equality and mutual benefit, which is one of the good ways to expand the patriotic united front and develop peaceful forces. At the same time, the Canton Fair is also a window for foreign countries to understand China, cooperate with China to carry out peaceful diplomatic activities, play the role of a bridge and link to strengthen the ties between the motherland and overseas Chinese, effectively cooperate with the smooth development of China's overseas Chinese affairs, and make important contributions to the country's economic construction.

Purpose

      The Canton Fair should serve the construction of a new development pattern, innovate mechanisms, enrich business formats, expand functions, and strive to become an important platform for China's all-round opening up, promoting the high-quality development of international trade, and connecting domestic and international dual circulation.

Source: Douyin Encyclopedia

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