Canton Fair helps promote trade

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Holding the China Import and Export Fair, the country’s largest trade event, online has effectively promoted trade and cooperation between China and other countries and regions around the world, amid the global COVID-19 pandemic, according to a senior trade official.

The fair, internationally known as the Canton Fair, kicked off its 132nd online session on Saturday, attracting more than 35,000 domestic and overseas companies to showcase their products.

“Expanding the size of the exhibition, lengthening the service time, enriching business promotion activities, promoting interaction with cross-border e-commerce platforms, and optimizing the functions of online platform at the Canton Fair will provide businesses and traders around the world with greater convenience in selling and buying,” said Wang Wentao, Minister of Commerce.

Wang made the remarks during a video speech to mark the online opening of the show, which is usually held twice a year in April and October, in Guangzhou, capital of Guangdong province.

“We will further strengthen policy implementation, ensure production stability and smooth logistics in foreign trade, and develop new business models such as cross-border e-commerce and overseas warehouses,” said Mr. .Wang.

Paying full attention to the role of major exhibitions such as the Canton Fair as a platform would help promote innovative development of trade, Wang said.

As soon as the show opens, more than 3.06 million products will be exhibited online, according to show organizers.

Usually regarded as a barometer of China’s foreign trade, the fair has set up 50 sections for 16 categories. 416 enterprises from 34 countries and regions also exhibited products online during the show.

In addition, 34,744 domestic enterprises, an increase of about 40% over the previous session, participated in the online exhibition, demonstrating their confidence in the expansion of overseas transactions in the coming months. according to the organizers.

Starting from the 132nd session, the show’s online platform service will be extended from 10 days to five months, allowing more exhibitors to expand their offerings, according to Xu Bing, spokesperson for the show.

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