Canton Fair, China's largest trade fair and a key barometer of its trade and economic development, opened Friday amid growing concerns that a stronger yuan would weigh on the nation's exports.
In addition to business opportunities, the multitudes of sellers and buyers at the fair, officially known as China Import and Export Fair, are watching closely the latest developments in the yuan exchange rate dispute.
The year 2009 was a year when the world financial crisis kept spreading. The Chinese government made the resolute decision and took timely measures to implement a package plan aimed at maintaining steady and fast growth, and successfully achieved the goal of “sustaining economic growth, ensuring people’s well-being and maintaining stability”. The Canton Fair also managed to go forward steadily in this difficult time. During the 105th and 106th session the Canton Fair’s total export volume reached 56.7 billion USD, and its overseas buyers attending the fair had also gained a recovery increase.
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