A reformed Canton Fair means more business for Indian entrepreneurs

摘要

China has the second largest economy in the world after the US with a GDP of over US$7 trillion. It has been the fastest-growing major nation for the past quarter of a century with an average annual GDP growth rate above 10%. China's per capita income has grown at an average annual rate of more than 8% over the last three decades drastically reducing poverty. In recent times, a more liberal China has opened its doors to welcome overseas participation at the world's largest commodities trade fair - Canton Fair.rnThis radically reformed version of the Canton Fair (China Import and Export Fair) at the 104th session in October 2008 met with huge success. Through this reform, the Canton Fair achieved a considerable expansion in scale, a higher level in specialization, and more participation opportunities for exhibitors, especially the overseas ones. The 2,00,000-plus visitors got to witness over 1,50,000 exhibits on display! With support from the central government and various local governing bodies, in addition to trading delegations, various associations, and the overwhelming turnout of exhibitors and buyers from all over the world, the Canton Fair in April 2009 is sure to be a big draw.