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:

|
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
 |
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.