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China's Largest Trade Fair Opens as Export Growth Slows

HONG KONG, April 15 (Reuters) - China's largest trade fair, held twice a year, opened on Wednesday in ​the southern city of Guangzhou, where more ‌than 32,000 exhibitors are showcasing products over an area larger than 200 football fields.

  • Held from April 15 ​to May 5 in three phases, ​the fair provides a barometer of trade ⁠in China.

  • It is being held after data showed ​China's export engine slowed sharply in March as war ​in the Middle East triggered shocks to energy and transportation, hurting global demand and exposing the risks in ​Beijing's strategy of leaning on manufacturing to ​support growth.

  • The conflict has disrupted global growth, leaving China ‌vulnerable ⁠as it has relied on foreign demand to offset a prolonged inability to revive consumption at home.

  • To accommodate buyers facing travel constraints, the ​fair is ​holding online ⁠events and livestreaming, organisers said.

  • The expo's first phase includes electronics, manufacturing and ​new energy vehicles. The second phase ​offers ⁠housewares, building materials and furniture while the third phase features toys, fashion, home textiles and stationery.

  • The ⁠previous ​fair drew more than 310,000 ​overseas buyers from 223 countries and regions, according to its ​website.

Reporting by Farah Master; Editing by Neil Fullick

Source: Reuters


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