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China's 131st Canton Fair sees new records
Updated: April 25, 2022 08:54 Xinhua

China's time-honored trade fair, the China Import and Export Fair, concluded its 131st biannual session on April 24 in the southern Chinese city of Guangzhou with many new records.

The 10-day-long event, also known as Canton Fair, attracted a record-high 25,000-plus domestic and overseas exhibitors with over 2.9 million exhibits displayed online.

Over 30 percent of the exhibits made their debut while over 480,000 exhibits featured green and low carbon.

Facing the COVID-19 resurgence, China has been making all-out efforts to balance economic growth and epidemic control.

The total import and export volume of China's foreign trade in the first quarter registered about $1.48 trillion, up 10.7 percent year-on-year.

China's foreign direct investment (FDI), in actual use, reached around $58.4 billion in the first quarter of this year, up 25.6 percent year-on-year.

The president of the American Chamber of Commerce in South China said foreign companies have confidence in China.

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