Canton Fair logo and slogan, Guangzhou, October 2024.
Editor’s Note: Daryl Guppy, an expert in financial analysis, writes for CGTN. His views are his own.
The 136th Canton Fair showcases the growth of China’s economy and its role in the global green economy. Many foreign buyers and Chinese sellers are attracted by the innovative eco-friendly products presented at the fair.
The fair features nearly 4,600 first-time exhibitors and provides a platform for businesses to connect and discover new trends. Held biannually since 1957, the Canton Fair reflects its long tradition as a global trade hub in Guangzhou.
Guangzhou has historical significance as a trading center, being the starting point for European trade in China and a key city in the maritime silk road.
The fair aims to connect foreign businesses with Chinese partners, showcasing over 74,000 booths focused on manufacturing and lifestyle products. For many companies, China is a crucial trading partner.
This year, there is a notable increase in online participation with 48,000 businesses joining virtually, a 60% rise from the last event. The in-person attendance shows how important the fair is for fostering international connections.
Over 75% of buyers come from Belt and Road Initiative partner countries, showcasing China’s role in engaging with these nations.
Overview of 136th Canton Fair, Guangzhou, October 2024.
The 136th Canton Fair in Guangzhou, held on October 15, 2024, affirms China’s commitment to international trade and a green economy. China’s participation is vital for global trade and prosperity.
This year’s fair hosts over 30,000 companies with a focus on technology for sustainable development and emphasizes the importance of reliable global supply chains.
The fair highlights the negative impact of protectionism and trade barriers, showcasing how free trade with China supports a thriving global economy. It illustrates trade cooperation’s role in fostering growth and China’s leadership in global trade.
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