America Asia Business China Economy Investment News

US$22.3 Billion Export Deal Closes the 134th Canton Fair

The 134th China Import and Export Fair (Canton Fair) closed on Saturday (4/11) in Guangzhou,
capital of Guangdong Province, southern China, with export deals worth 22.3 billion US dollars (1
US dollar = Rp. 15,623) signed offline.

This value is 2.8 percent higher than the previous edition of the Canton Fair, said Xu Bing,
spokesperson for the fair. Participating companies signed agreements worth 12.27 billion US dollars with their business
partners from member countries participating in the joint development of the Belt and Road
Initiative (BRI), up 2 percent compared with the previous exhibition, said Xu.

As of Friday (3/11), overseas buyers from 229 countries and regions attended the exhibition online
and offline. The fair was attended by nearly 198,000 overseas buyers offline, 6.4 percent more than
the number of visitors at the 126th Canton Fair held in 2019.

“More overseas buyers attended this year’s Canton Fair and placed orders actively , which further
enhances companies’ confidence in foreign trade next year,” Xu said.

In terms of imports, 650 companies from 43 countries and regions participated in import exhibitions
at the expo, with 60 percent of them coming from BRI partner countries, according to Xu.
Launched in 1957 and held twice a year, the Canton Fair is considered a major benchmark for
China’s foreign trade.

Source : Antara