International trade continues to rise

In Guangzhou, the province of Guangdong, the 135th session of the China Import and Export Fair, popularly known as the Canton Fair, began its operations on Monday.  This session includes an online platform running all year round, together with an offline exhibition that takes place in three phases between April 15 and May 5.  Advanced manufacturing items (April 15–19), high-quality home lifestyle products (April 23–27), and products for an improved living experience (May 1–5) will be on display during the three phases of the offline exhibition.  Taking up 3,000 square meters of exhibition space, the new trade has been brought to the fair, setting a cross-border e-commerce comprehensive pilot area and foreign warehouse display areas for the first time.

 

This year’s show will feature nearly a million new products on display, according to a report from the China News Service. Furthermore, more than 450,000 and 250,000, respectively, green items and goods with independent intellectual property rights are anticipated. There are 55 exhibition areas spread across 1.55 million square meters of offline showing space. More than 29,000 businesses have expressed interest in it, with 28,600 of them taking part in the export section and 680 international businesses from 50 different countries and regions in the import section. By April 13, 144,000 foreign buyers from 215 countries and regions had pre-registered for the fair. In addition, 288 prominent businesses and commercial and industrial organizations have confirmed their participation, which represents a 21.5 percent increase from the previous session.

 

According to government authorities on Friday, China’s foreign commerce would continue to increase in the second quarter and will continue to do so for the first half of the year.  They clarified that a strong industrial base, improved capacities for innovation, a number of free trade agreements, and the demonstrable expansion of the Belt and Road Initiative all contribute to the nation’s trade advancements.  Data issued on Friday by the General Administration of Customs shows that in the first quarter, China’s foreign commerce increased by 5% year over year to 10.17 trillion yuan ($1.41 trillion). Vice-minister of the GAC Wang Lingjun stated during a press briefing in Beijing that the world economy is currently facing many serious problems, including

 

 

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