BRI NEWS China's largest trade fair opens with strong Belt and Road presence

BRI NEWS

China's largest trade fair opens with strong Belt and Road presence

Xinhua News Agency

17:25, April 15, 2019

GUANGZHOU, April 15 (Xinhua) -- The 125th China Import and Export Fair, also known as the Canton Fair, opened Monday in Guangzhou, capital of south China's Guangdong Province, with over half of companies attending its import fair hailing from Belt and Road countries and regions.

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Aerial view of the China Import and Export Fair. (File photo: IC)

The spring session of the biannual fair holds import exhibitions in its first and third phases, with 1,000 booths booked by 650 enterprises from 38 countries and regions.

These include 383 companies from 21 countries and regions taking part in the Belt and Road Initiative (BRI), including Russia, Poland, the Philippines and Israel, said Xu Bing, spokesperson for the fair.

Large buyers such as Vip shop, a Chinese online discount retailer, and global retail giants Carrefour and Wal-Mart will attend the import exhibition.

The fair, which will be held from April 15 to May 5, is widely seen as a barometer of China's foreign trade.

The fair covers 1.18 million square meters, with 60,651 booths booked by 25,496 domestic and foreign enterprises. Its export section has 59,651 booths booked by 24,846 domestic enterprises.

The fair features three phases. The first, falling on April 15-19, will mainly showcase home appliances, electronic products, mechanical equipment, hardware, and building materials. The second, from April 23 to 27, will showcase consumer goods, decorations and gifts. The third, from May 1 to 5, will display textiles and clothing, food and medical products.

The fair has signed partnership agreements with industrial and commercial institutions from 33 countries and regions taking part in the BRI. It plans to establish cooperative partnership with all BRI countries and regions within two or three years.

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