BEIJING: The 135th China Import and Export Fair, also known as the Canton Fair, will take place from April 15 to May 5 in Guangzhou, the capital of south China’s Guangdong Province. Officials from the ministries of commerce and foreign affairs, among others, briefed the media with the latest updates on Monday afternoon.
According to Chinese Vice Commerce Minister Wang Shouwen, the scale of the event this year has topped past editions in the number of enterprises registered in the import and export fairs, new participants, early registered buyers from overseas and others. This year, the Canton Fair is expected to display China’s high-level opening up in five outstanding features, including an increased weight of innovation from participating enterprises, expansion in its digital platform, higher benchmark of quality examination, support for enhancing supply chain stability, and continuous upscaling of the event with streamlined services. A total of 93,000 buyers from 215 countries and regions have completed pre-registration for the spring session of China Import and Export Fair this year, and more than 220 leading enterprises and industry and commercial institutions have confirmed they’re sending delegations to participate in the fair.
Earlier, Chongyang Institute for Financial Studies at Renmin University of China unveiled a report titled “China’s Compounding Interest: High-Quality Development and Outlook for 2035” at an international symposium held in Beijing which saw the participation of renowned experts from around the world. As per the report, released in collaboration with Center for China-US Cooperation at University of Denver (CCUSC), the Free Economic Society of Russia (VEO of Russia), Geopolitical Economy Research Group at University of Manitoba (GERG), India-China Economic and Cultural Council (ICEC), the compounding interest of China is characterized by stability of returns, long-term accumulation and sustainability.
With enormous potential, this development model can sustainably drive the country’s economic growth and promote prosperity in the long term. –Agencies
