The 122nd Canton Fair Kicks Off in China

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17 Oct, 2017, 19:24 IST

Number of Attendance Expected to Increase as Global Markets Recover

GUANGZHOU, China, Oct. 17, 2017 /PRNewswire/ -- The 122nd Canton Fair ("the Fair"), the largest trade fair in China, kicked off on Oct.15, with 60,466 exhibitors covering an area of 1,185,000 square meters (12.8 million square feet), displaying 160,000 products from 34 countries and regions.

Xu Bing, spokesman of Canton Fair, noted that the global economy has been on an upward trajectory this year and the deflation of major economies since the Great Recession has stabilized at opening press conference of the 122nd Canton Fair.

The figure reflects the continued steady recovery of the global economy, and the continued vitality and growing importance of the Chinese market as both a source for goods and consumption. 341 exhibitors at the Fair are from countries that are participating in China's "Belt and Road" Initiative (B&R), and will account for 55 percent of exhibitors in the International Pavilion.

The schedule for this year's Canton Fair is as follows:

Phase	Dates	Focus
Phase 1	Oct. 15-19	Electronics & household electrical appliances, lighting equipment, vehicles & spare parts, machinery, building materials, chemical products, energy resources
Phase 2	Oct. 23-27	Consumer goods, gifts, and home furnishings
Phase 3	Oct. 31 - Nov.4	Textiles & garments, shoes, office supplies, cases & bags, recreation products, medical devices & health products, food

Xu Bing, spokesman of Canton Fair, said the global economy has been on an upward trajectory this year and deflation of major economies since the Great Recession has stabilized and, in almost all cases, reversed to sustained, steady growth. As a result, the 122nd Canton Fair will see an increase in the amount of buyers attending as global trade continues to recover.

"The Canton Fair has been a consistent force promoting the development of an open world economy," remarked Xu. "By introducing new products and exhibitor groups to buyers, as well as showcasing exhibitors driving growth within countries that are participating in the B&R, we will continuously enhance our contributions to the sustainable development of global trade."

About Canton Fair

The China Import and Export Fair, also known as the Canton Fair, has been held biannually in Guangzhou since 1957. It is the largest exhibition with the widest array of products, most diverse selection of buyers and highest business turnover in China. http://www.cantonfair.org.cn/en/index.aspx

Photo - https://mma.prnewswire.com/media/584821/Xu_Bing_Spokesman_of_Canton_Fair.jpg