Industry News

134th China Import & Export Fair kicks off in Guangzhou (Oct-15-2023 XINHUA)
The 134th session of the China Import and Export Fair, also known as the Canton Fair, opened on Sunday in Guangzhou, capital of south China's Guangdong Province. The event, which will run until Nov. 4, has attracted exhibitors and buyers from arcoss the globe. Over 100,000 buyers from more than 200 countries and regions have registered for the event.

Canton Fair (133rd session) opens in Guangzhou China (Apr-15-2023 XINHUA)
Canton Fair (133rd session) commenced Saturday in Guangzhou, south China's Guangdong Province. The long-standing event, also dubbed the China Import & Export Fair, will run until May 5 in three phases. With the full resumption of on-site activities, with the exhibition area and number of exhibitors at record highs, the fair welcomes purchasers from over 220 countries and regions, covering markets in Europe, the United States, and emerging markets along the Belt and Road. This year's offline exhibition venues, spanning 1.5 million square meters, will host close to 70,000 booths for about 35,000 exhibitors.

132th China Import & Export Fair kicks off online (Oct-15-2022 XINHUA)
The 132nd session of the China Import and Export Fair, also known as the Canton Fair, opened online on OCT. 15, 2022. with a record number of products on display and offering a longer service time. More than 35,000 domestic and overseas companies are participating in the event, which is approximately 10,000 more than that of the previous session, and they have submitted over 3.06 million exhibits, Of the products on display, more than 130,000 feature smart capabilities and over 500,000 are green, low-carbon commodities. Organizers plan to hold more than 70 global trade promotion activities, and 200 activities for new product releases. Starting from this session, the Canton Fair will extend the service time of its online platform, with the availability of most functions,from the previous 10 days to five months.

Canton Fair (131th session) opens kicked off online(Apr-15-2022 XINHUA)
The China Import and Export Commodities Fair, a trade fair with a long history in China, was held in the southern city of Guangzhou on April 15, 2022, The 10-day event will last until April 24. setting many new records. The Canton Fair attracted more than 25000 domestic and foreign exhibitors with a record number of more than 2.9 million exhibits displayed online. More than 30% of the exhibits made their debut, and more than 480000 exhibits featured green and low-carbon. Facing the COVID-19, China has been making all-out efforts to balance economic growth and epidemic control.

130th China Import & Export Fair kicks online and offline concurrently.(Oct-14-2021 XINHUA)
China is demonstrating its long-lasting pursuit of innovation, inspiration, and willingness for higher-level opening up at the ongoing China Import and Export Fair, or the Canton Fair, which has grabbed the world's attention with new products and new paths of development. Held both online and offline for the first time, the event has attracted about 8,000 enterprises that have set up nearly 20,000 booths at the exhibition center in Guangzhou, capital of south China's Guangdong Province. More companies were expected to join the event online during the five-day fair from Oct. 15 to 19.

Canton Fair (129th session) opens kicked off online(Apr-15-2021 XINHUA)
Apr 15, 2021 The 129th session of the China Import and Export Fair, also known as the Canton Fair, on Thursday kicked off online with a record number of products on display. The 10-day event will last until April 24. It is the third time for the fair to be held online following two virtual events held in June and October last year. The fair has prepared 60,000 exhibition booths for the 25,000 domestic and international exhibitors, and is expected to attract purchasers from more than 220 countries and regions.

128th China Import & Export Fair kicks off online(Oct-15-2020 XINHUA)
The 128th edition of the China Import and Export Fair, popularly known as Canton Fair, kicked off online in south China's Guangdong Province on Thursday. It is the second time that the fair has moved online this year due to the COVID-19 outbreak. The 10-day event has attracted around 26,000 domestic and overseas enterprises, with more than 2.35 million products spanning 50 exhibition areas in 16 categories. Buyers from more than 210 countries and regions are expected to apply for attending the expo and hold purchasing negotiations during the event.

Canton Fair (127th session) opens kicked off online(JUN-15-2020 XINHUA)
June 15, 2020 The 127th China Import and Export Fair, also known as the Canton Fair, opened online, This year's online fair, which will last for 10 days, has attracted around 25,000 enterprises in 16 categories with 1.8 million products.The fair will provide round-the-clock services, including online exhibitions, promotion, business docking and negotiations.

126th China Import & Export Fair kicks off in Guangzhou (Oct-15-2019 XINHUA)
The 126th China Import and Export Fair, also known as the Canton Fair, opened Tuesday in Guangzhou, capital of south China's Guangdong Province. A total of 25,642 enterprises from home and abroad are hosting exhibitions in the autumn session of the biannual fair, which has a total exhibition area of about 1.19 million square meters.

Canton Fair (125th session) opens in Guangzhou China (Apr-15-2019 XINHUA)
April 15, 2019 The 125th China Import and Export Fair, also known as the Canton Fair, opened in Guangzhou, south China's Guangdong Province, with over half of companies attending its import fair hailing from Belt and Road countries and regions.

124th China Import & Export Fair kicks off in Guangzhou (Oct-15-2018 XINHUA)
The Canton Fair(124th session),Oct. 15, 2018 opened in south China's Guangdong, has attracted more than 24,500 exhibitors, almost 90 percent of them Chinese are SMEs, is considered as a barometer of China's foreign trade.

Canton Fair (123th session) opens in Guangzhou China (Apr-15-2018 XINHUA)
China's largest trade fair opened its 123rd session Apr. 15, 2018 Sunday in South China's Guangzhou, attracting more than 25,000 companies as exhibitors. The biannual China Import and Export Fair, also known as the Canton Fair, is considered as a barometer of China's foreign trade, attracting exhibitors and buyers from the Belt and Road countries.

122th China Import & Export Fair kicks off in Guangzhou (Oct-15-2017 XINHUA)
The 122th China Import and Export Fair, commonly known as the Canton Fair,Oct. 15, 2017 opened in south China's Guangdong Province Sunday, drawing around 25,000 companies as exhibitors. More than 160,000 types of products are being exhibited at more than 60,000 booths in an area covering nearly 1.2 million square meters. The event is seen as a barometer of China's foreign trade.

Canton Fair (121th session) opens in Guangzhou China (Apr-16-2017 XINHUA)
121th China Import & Export Fair was took place in Guangzhou from Apr 15 - May 5, its exhibition area measures 1.18 million square meters, featuring 60,000 booths and nearly 25,000 companies. Half of the buyers at the Canton Fair will come from countries along the Belt and Road.

120th China Import & Export Fair kicks off in Guangzhou (Oct-16-2016 XINHUA)
People choose radios during the 120th China Import and Export Fair, or the Canton Fair, in Guangzhou, capital of South China's Guangdong province, Oct 15, 2016. A total of 24,553 enterprises from home and abroad participated in the fair which kicked off Saturday.

Canton Fair (119th session) opens in south China (Apr-16-2016 XINHUA)
The spring session of the 119th China Import and Export Fair opens in Guangzhou, Guangdong province, on Friday, with a focus on small and medium-sized firms. The show, better known as the Canton Fair, has attracted more than 24,500 exhibitors, almost 90 percent of them Chinese SMEs.

Canton Fair waits for Belt and Road boost (Oct-16-2015 CHINA DAILY)
Organizers of the China Import and Export Fair are pinning high hopes on buyers from countries and regions along the Silk Road Economic Belt and the 21st Century Maritime Silk Road to provide a much-needed impetus for transactions amid sluggish foreign trade prospects. The flagship event, which is held twice a year and also known as the Canton Fair, is considered an important barometer of China's future trade activity.

Canton Fair (117th session) opens in south China (Apr-15-2015 XINHUA)
China's largest trade fair opened its 117th session in the southern province of Guangdong on Wednesday, with delegates expressing concern about tough export prospects.The biannual China Import and Export Fair, also known as the Canton Fair, is seen as a barometer of China's exports. With demand slowdown and the appreciation of the renminbi, worries prevail that this year's foreign trade prospects might be dim.

116th China Import and Export Fair kicks off in Guangzhou (Oct-16-2014 XINHUA)
The Canton Fair, which kicked off on Oct 15, attracted a total of 24,751 domestic and foreign companies, up 170 ones from the last session. The Ebola epidemic in West Africa may adversely affect the China Import and Export Fair, as the number of foreign buyers at the upcoming event is expected to fall, organizers said on Tuesday.

Canton Fair opens looking to boost exports (Apr-18-2013 XINHUA)
Guangzhou, April 18 (XINHUA) -- The 113th Canton Fair opened here on monday with the aim of boosting Chinese exports and promoting the integration of the country's economy with the world.the opening comes amid China's economic slowdown but a 13.4 percent growth in foreign trade in the first quarter of the year.

Grim global outlook dampens Canton Fair (Oct-16-2012 CHINA DAILY)
Flagship import, export event feels downturn as attendances dwindle. The opening day of the China Import and Export Fair on Monday, which is considered a barometer of the country's foreign trade situation, saw fewer people attending due to the lackluster trade situation.

Canton fair closes with drop in export (May-6-2012 XINHUA)
GUANGZHOU -- The spring session of the biannual Canton Fair, or the 111th China Import and Export Fair, closed on Saturday, with export transactions decreased for the first time since 2009. Debt crisis from European Union countries and tough job market in the United States were among the factors that have caused the decrease. The purchasers attending the fair reached 210,000, setting a new record since the fair's debut in 1957.

Canton Fair opens amid inflation concerns (Oct-15-2011 XINHUA)
GUANGZHOU -- The 110th Canton Fair, officially known as the China Import and Export Fair, opened Friday in the city of Guangzhou, capital of the southern province of Guangdong province. Since this year marks the 10th anniversary of China's entry into the World Trade Organization (WTO), the country is willing to give the world a signal of expanding its imports at the fair.

Canton Fair opens amid inflation concerns (Apr-15-2011 XINHUA)
GUANGZHOU -- The Canton Fair, China's largest trade fair and a key indicator of the country's trade and economic development, opened Friday amid growing inflation concerns weighing on the nation's exporters. In addition to exploring business opportunities, the multitudes of sellers and buyers at the fair, officially known as the China Import and Export Fair, are keeping a close watch on developments in the nation's rising inflation.

China's largest trade fair opens in Guangzhou (Oct-15-2010 China Daily)
GUANGZHOU -- Canton Fair, China's largest trade fair and a key barometer of its trade and economic development, opened Friday amid growing concerns that a stronger yuan would weigh on the nation's exports. A total of 23,599 firms at home and abroad are participating as sellers in the 108th Canton Fair in Guangzhou, capital city of south China's Guangdong province.

China scraps export tax rebates on 406 products (Jun-22-2010 XINHUA)
BEIJING: China's State Council has approved the scrapping of export tax rebates on 406 products, effective July 15, the Ministry of Finance said Tuesday in a statement on it website. The products included some steel and non-ferrous metals products, fertilizers, (pine oil & resin chemicals,) as well as some plastic, rubber and glass products, the statement said. The research center said in a note that the new measure seeks to discourage exports of energy-intensive products.

Indonesian Exhibition (May-24-2010 SUMMIT TRADE)
WUZHOU: We went to Jakarta, Indonesia for an exhibition "2010 CHINA GUANGXI PRODUCTS EXHIBITION" during May 20-22 for pine chemical business. Please turn to Speical | Exhibition Gallery Column for detailed photos.

Fair reflects changing mood (Apr-15-2010 China Daily)
GUANGZHOU: More companies taking part in expo, indicating biz confidence has recovered. The rise in the number of participants in the latest China Import and Export Fair, known as the Canton Fair, which kicks off on Thursday, is a clear indication that business confidence has bounced back following the global financial crisis, organizers said.

China's largest trade fair opens amid signs of market uptick (Oct-15-2009 XINHUA)
GUANGZHOU: China's largest trade fair opened Thursday as exporters were upbeat about a market recovery amid improving demands, while the world's major economies were poised to go out of their predicament after stimulus measures produced results. Exporters attending the 106th China Export and Import Trade Fair, or Canton Fair in the southern city of Guangzhou, expected a "prominent" order increase from the last fair in April, when trade value slumped 17 percent when economic downturn took its most bite.

Canton Fair opens with hope despite crisis (Apr-16-2009 XINHUA)
GUANGZHOU: The 105th China Import and Export Fair opened Wednesday in this capital city of southern China's Guangdong Province, with a backdrop of economic slowdown caused by the international financial turmoil, but it did not dampen confidence and hope among participants.

China hikes export tax rebates (Mar-29-2009 China Daily)
China on Friday unveiled a slew of tax and foreign exchange policy changes to boost its exports, which saw its worst monthly decline in more than a decade in February. The government will raise export rebates for textiles, steel, petrochemicals and electronics starting April 1, the Ministry of Finance said in a notice posted on its website on Friday.

China cuts rates 0.27%, fifth reduction in 3 months (Dec-22-2008 www.gov.cn)
China's central bank cut loan and deposit rates by 0.27 percentage points Monday, effective Tuesday, in the government's latest move to stimulate the economy. It was the fifth time the People's Bank of China (PBOC) had cut rates since September. The benchmark one-year yuan lending rate will fall to 5.31 percent from 5.58 percent and the one-year yuan deposit rate will fall to 2.25 percent from 2.52 percent.

Massive rates cut a surprise to all (Nov-27-2008 China Daily)
The central bank yesterday cut the benchmark interest rate by 1.08 percentage points, the highest in 11 years, to stimulate the economy battered by the global financial and other economic woes. It also cut the proportion of money six big commercial banks have to hold as reserve by 1 percentage point to 16 percent.

China to increase tax rebate for light industry (Nov-17-2008 China Daily)
China's Ministry of Finance announced on Monday a list of 3,770 items involved in the third export tax rebate increase this year. The items include labor-intensive, mechanical and electrical products. New export tax rebate rates on these items were also announced. The changes take effect December 1.

China cuts rates again to spur growth (Oct-30-2008 China Daily)
The central bank has cut interest rates for a second time in less than three weeks to bolster economic growth in the face of a worsening global financial crisis. The benchmark one-year lending rate dropped to 6.66 percent from 6.93 percent, while the one-year deposit rate was lowered to 3.60 percent from 3.87 percent..

China to raise export tax rebates again (Oct-21-2008 Ministry of Finance, MOF)
China is raising tax rebates for certain exports to help producers cope with smaller profit margins as a result of slacking market demand, the yuan's appreciation and rising production costs. Those rebates will start November 1. The adjustment involves 3,486 items from labor intensive industries such as textile, garment, etc.

China cuts rates to ward off slowdown (Oct-9-2008 CHINA DAILY)
China's central bank announced on Wednesday the decline of reserve requirement ratio by 0.5 percentage points from October 15, and the decrease of interest rate by 0.27 percentage points from Friday, a move to boost domestic economy amid worries over global financial crisis.

Cuts to benefit SMEs (Sept-17-2008 CHINA DAILY)
The People's Bank of China on Monday announced a 27-basis-point cut to the commercial banks' benchmark lending rate from yesterday. The deposit rate will remain unchanged. It was the first time the central bank has cut the benchmark lending rate since February 2002.

Gum rosin's tax-drawback is cut from current 5% (Jul-30-2008 MOC & SAT)
According to Ministry of Finance and State Administration of Taxation, China is to raise tax rebates for certain textile and garment exports to help producers. However, export rebates for certain products, including gum rosin, pesticides, medicine, silver, paint, zinc and battery would be scrapped from August 2008.

China raises interest rate for 6th time (Dec-20-2007 www.gov.cn)
China will raise the one-year deposit interest rate by 27 basis points to 4.14 percent and the lending rate by 18 basis points to 7.47 percent as of Dec. 21, the central bank said Thursday.

5th interest rate hike to drain excessive liquidity (Sep-15-2007 CHINA DAILY)
China's central bank raised interest rates for the fifth time this year on Friday in an apparent bid to rein in rising food prices, excessive bank lending, and prevent bubbles in the heated property and stock markets from growing. The central bank raised the one-year benchmark deposit rate by 27 basis points to 3.87 percent and the one-year lending rate by the same amount to 7.29 percent, effective from September 15, said a statement on the bank's website.

China raises interest rates 4th time in 2007 (Aug-21-2007 CHINA DAILY)
China's central bank raised the benchmark interest rates on Tuesday for the fourth time this year in an effort to prevent the economy from overheating and curb accelerating inflation. The one-year deposit rate will increase 27 basis points to 3.60 percent, while one-year lending rate will rise by 18 basis points to 7.02 percent, effective on Wednesday.

New restrictions on processing trade (Jul-25-2007 MOFCOM)
The Ministry of Commerce and China Customs co-released the No. 44 Notice of 2007, announcing a new list of restricted processing trade products, mainly involving labor-intense industries such as plastic raw material and plastic processed products, yarn, textile, and furniture. Altogether 1,853 tariff Nos were included in the list, accounting for 15% of all encoded customs products.

Yuan climbs to new record high against USD (Jul-25-2007 XINHUA)
China's currency, hit a new high against the U.S. dollar on Wednesday. The Renminbi (RMB) stood at 7.5596 yuan to the U.S. dollar, up 129 basis points from Tuesday's 7.5725 yuan to one dollar. It is the 54th time that the yuan's value hit a record this year, and also the highest rate since the yuan was revalued by 2.1 percent from 8.28 yuan in July 2005.

Supplement for reducing the tax rebates (Jul-20-2007 CHINATAX)
According to a new supplement circular from China State administration of taxation, the export tax rebates of tariff no. 2906 (cyclo-alcohols and relatives) is adjusted as 5% from Jul. 10, 2007.

Benchmark interest rate raised by 27 basis points (Jul-20-2007 XINHUA)
China will raise one-year deposit and loan interest rates by 27 basis points to 3.33 percent and 6.84 percent respectively as of July 21, the central bank announced on Friday. This is the third time that China raised the one-year benchmark interest rates this year.

ICC’s new rules on documentary credits take effect (Jul-1-2007 ICC)
ICC’s universally used rules on documentary credits, UCP 600, come into effect on 1 July 2007. There are new sections on definitions and interpretations, replacement of the term “reasonable time” with a maximum of five banking days for examining documents and re-drafted transport articles aimed at resolving confusion over the identification of carriers, masters and agents.

China to adjust export rebate policy (Jun-20-2007 XINHUA)
China's Ministry of Finance said Tuesday that, starting July 1, the country would cut or eliminate export tax rebates for 2,831 commodities representing 37 percent of the total number of items listed on customs tax regulations. It covers widely textiles, chemicals, plastics, rubber, furniture, base metal, etc. widely.

The PBC raises the RMB benchmark interest rate again (May-18-2007 PBC)
The PBC decided to raise the benchmark interest rate for RMB lending and deposit, effective on May 19, 2007. The one-year deposit rate was raised by 0.27 percentage points and the one-year lending rate was raised by 0.18 percentage points.

China to cancel the tax rebates of turpentine (Mar-20-2007 CHINATAX)
According to a circular from China Ministry of Finance & State Administration of Taxation, the export tax rebates of tariff no. 38051000, 38059090, 28332920, 28413000 & 28415000 will be cancelled from Apr. 1, 2007.

The PBC raises the benchmark interest rate (Mar-17-2007 PBC)
The PBC decided to raise the benchmark interest rate for Renminbi lending and deposit, effective on March 18, 2007. The benchmark rate for one-year deposit was raised by 0.27 percentage points from the current level of 2.52 to 2.79 percent. The one-year benchmark lending rate was raised by 0.27 percentage points from 6.12 to 6.39 percent.

Export/import tariff number adjustment (Dec-30-2006 CHINA CUSTOMS)
China Customs adjusts the tariff number from Jan. 1, 2007 mainly covering machinery & electrical equipments, chemicals, texitiles, wooden products, base metal & alloy products. It's the biggest adjustment of current export/import tariff number in past 10 years.