To keep
pace with the vigorous development in China as well as the
trade relations and amicable exchanges between China and the
rest of the world, the Exhibition of Chinese Export
Commodities (the precedent of Chinese Export Commodities Fair)
was established in the autumn of 1956.
The first
Fair was staged in the former Sino-Soviet Friendship Building
in the spring of 1957. Looking back at the forty years
traversed by the Trade Fair, we can well see that tremendous
changes have come off in every aspect of the Fair such as the
Fair's exhibition space, products for export, number of
foreign visitors, business turnover, and so on.
The Fair
serves as a historical witness to the development of China's
foreign trade, it has faithfully recorded the pace of the
country's growth.
Exhibition Space and Grounds
Enlarged
Facilities For Exhibition and Negotiation
Improved:
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Shi Guangsheng,
Minister of Foreign Trade and Economic Cooperation, and
Lu Ruihua, the Governor of Guangdong Province, inspected
the Fair |
Starting
with 12, 000 kinds of commodities, the Canton Fair has
gradually increased its number of commodities available for
export from session to session. Now, there are over 100,
000 kinds or products from famous brands. It features new
quality products, specialties and products adapting advanced
technology from various parts of the country.
Many
enterprises go the Fair armed with their novel products, crack
items, etc. in attempts to squeeze their way into the world
market via the Guangzhou Trade Fair. In the wake
of rapid developments in China's economy, especially the
home based industries, the Guangzhou Trade Fair was able to
obtain more and more supplies and improved its product mix to
a great extent. For example, the ratio of manufactured
goods has risen from 20% at the outset of the Fair in 1957 to
85.6% in 1995.
To
encourage the export of more high-graded products or high
value-added products, particularly machinery and electronic
products. Special Exhibition Sections have been set up at the
Guangzhou Trade Fair. This serves to place special emphasis on
these high technology products as well as to make them more
prominent.
Larger Number of Foreign
Business People
Quality of Attendance Gradually
Improved
In the
early days of the Guangzhou Trade Fair, guests came from few
countries and regions in Asia. As the Fair developed and
as the country becomes more open, an increasing number of
foreign business people from various countries and regions
have secured business at the Guangzhou Trade Fair.
In recent
years, each session of the Fair has been visited by more than
80, 000 foreign business people. Till the end of the 83rd
Session, the Fair has seen an attendance of more than 2
million businessmen.
Steady Growth In Turnover
Volume
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Vice-Premier Li
Lanqing and State Councilor Wu Yi (the former Minister
of Foreign Trade and Economic Cooperation), inspected
the Fair |
The Fair's
business records have shown that, irrespective of which
historical period, the Fair remained steady in its trade and
the export transactions continue to grow. Even in the "
Three years of Difficulty (1959-1961)", the Fair's export
trade continued to rise (4.9% over 1959, and 17.5% over
1960). In the "Ten years of national turmoil", the
export business of the Fair, went up inspire of some
setbacks. For example, the business concluded at the
Autumn Fair'70 was worth US$500 million and at the Autumn
Fair'72, US$ l billion.
The Trading
Delegations are organized by their different provinces and
municipalities; the exhibition halls itself are arranged by
the Chambers of Commerce. While Trading Delegations and
exhibition halls are integrated, the exhibitions will be
arranged according to trades. Up till the 86th Session, the
Fair had done an aggregated export business of US$ 263
billion.