Organizers of the 125th Canton Fair have acknowledged a slow start to this year’s event, amid a challenging global environment. Xu Bing, deputy director general of the China Foreign Trade Center, was quoted by Global Times as saying the fair “is expected to face a bit of pressure” and buyer attendance is likely to disappoint.
The Spring session of the fair, China’s largest trade promotion platform, kicked off today in Guangzhou. It will run in three sessions until mid-May.
As global economic growth is slowing and trade protectionism is on the rise, China’s foreign trade development is facing a more complicated and severe external environment, and the task of stabilizing foreign trade is “arduous,” Xu said. This was evident from invitations, hotel booking rates, and ticket bookings in the runup to the opening this week.
When: April 15-19, April 23-27, May 1-5
Where: China Import and Export Fair Exhibition Hall, Pazhou, Guangzhou
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