China's largest trade fair, the Canton Fair is getting underway in China's southern city of Guangzhou. While the global recession has made buyers reluctant to place long-term orders, the country's huge consumer market and its rapid economic growth are still inspiring confidence in the future of global business



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Import and Export Fair
Canton Fair
The 110th China Import and Export Fair - also known as the Canton Fair -is getting underway in China's southern city of Guangzhou. Held twice each year, the Fair has been considered an important barometer of economic activity for the nation ever since it first began back in 1957. Though the outlook for this year's event is not overly optimistic, given the appreciation of the Chinese currency, the continuously rising cost of labor and the global debt crisis, purchasers and sellers are still enthusiastic about exchanging information and doing business at the nation's largest trade fair. That was Chinese Premier Wen Jiabao announcing the opening of the 110th Canton Fair on October 15th. Lasting three weeks, this session of the Canton Fair boasts over 57,800 booths prepared for Chinese exporters, 10 more than the last time it was held, and some 24,000 export-oriented enterprises are in attendance to display their goods.