Guangzhou Fair to have import section for first time

28 March 2007

Beijing, China, 28 March – China’s biggest trade fair is to include for the first time an import section, a move that is in line with the Chinese government’s strategy to reduce its trade surplus, the Chinese state press reported Tuesday.

The Guangzhou Fair, held in the capital of Guangdong province, on the border with Macau, will this year be called Chinese Fair of Imported and Exported Products, according to official newspaper China Daily.

According to China Daily, the import section at the Guangzhou Fair will be open from April 15 to 20, while the rest of the event will be open for a further 10 days.

In 2006 China’s trade surplus rose 74 percent against 2005 and reached a record figure of US$177.5 billion.

Figures from February 2007 showed that China’s trade surplus totaled US$23.8 billion, with exports rising 51.7 percent, exposing China to the risk of inflation and worsening the already tense trade relations between the world’s fourth largest economy and its main international trading partners. (macauhub)