BRI NEWS Canton Fair concludes with more export transactions with B&R countries

BRI NEWS

Canton Fair concludes with more export transactions with B&R countries

newsgd.com

18:21, November 05, 2019

China's largest trade fair concluded its 126th session on Monday in Guangzhou, capital of Guangdong Province, reporting more export transactions with countries along the Belt and Road (B&R).

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(Photo: Guo Riming, Wu Feng/Canton Fair Organizing Committee)

The total export turnover at the fair was 207.1 billion yuan (about 29.28 billion USD), a slight year-on-year decrease of 1.9%. The export turnover with B&R countries and regions was reported at 11.06 billion USD, an increase of 14.81%, accounting for 37.75% of the fair’s total.

The fair attracted 186,015 buyers from 214 countries and regions across the world. A total of 85,445 buyers from Belt and Road regions attended the fair, a year-on-year growth of 1.03%, accounting for 45.93% of the total number of buyers. While new buyers attending the fair totaled 74,722, accounting for 40.17% of the total.

The top ten regions sending buyers include Hong Kong, the United States, India, Thailand, South Korea, Russia, Taiwan, Malaysia and Indonesia.

Totalling 998 booths, the import exhibitions received 642 enterprises from 38 countries and regions, which included 367 companies from 21 B&R countries and regions, accounting for nearly 60% of the total.

The China Import and Export Fair, known as the Canton Fair, is held every Spring and Autumn in Guangzhou. It is widely seen as a barometer for the state of China's export industry.

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