The Ministry of Commerce announced Thursday that China will hold the 128th session of the China Import and Export Fair, also known as the Canton Fair, online between Oct 15 and 24.
The 127th session of Canton Fair was successfully moved online in June. During the 10-day online fair, exhibitors have showcased their products around-the-clock, attracting an influx of inquiries and orders. All supplies were just a click away to buyers worldwide.
Now here comes the second online session of the fair due to the novel coronavirus outbreak. The 128th China Import and Export Fair, or the Canton Fair, will be held online from Oct 15 to 24, according to the Ministry of Commerce on Thursday.
Gao Feng, the ministry’s spokesman, said the 10-day online event will help unblock the industrial and supply chains of the country’s foreign trade and support the global economic recovery. The government will provide better and convenient services for exhibitors and buyers across the world.
“China welcomes both domestic and global companies to actively participate in the exhibition and sign more deals,” Gao said at a regular news briefing.
To ensure steady foreign trade growth in the fourth quarter of this year, the official said the commerce ministry will pay close attention to stabilizing the implementation of foreign trade policies to ensure that they benefit market players and accelerate new business efforts, he said.
In addition to organizing the third China International Import Expo and promoting the innovative development of border trade, Gao said China will actively expand the exports of daily necessities and epidemic prevention materials, as well as deploy more resources and manpower to ensure and control their quality.
Thanks to China’s timely resumption of its industrial production and the gradual return of overseas demand, the country saw its foreign trade increase by 6 percent on a yearly basis to 2.88 trillion yuan ($421 billion) in August, with exports surging by 11.6 percent and imports falling by 0.5 percent, according to the latest trade data released by the General Administration of Customs.
In the face of weakening global demand and rising protectionism, China has already introduced a slew of measures to stabilize foreign trade. These include providing financing support to foreign trade firms via various means and further expanded export credit to micro, small and medium-sized foreign trade companies to keep them afloat amid a challenging external environment, said Zhang Yongjun, a researcher at the Beijing-based China Center for International Economic Exchanges.
Before further details about the 128th Canton Fair is unveiled, you can check our previous article to get more info about Canton Fair
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SOURCE | China Gov / CCTV
