Deals worth nearly $30b sealed at 125th Canton Fair

The China Import and Export Fair, China's largest trade fair which is also known as the Canton Fair, wrapped up its 125th edition on May 5, generating deals worth 199.5 billion yuan ($29.7 billion).

Despite a slight decrease in turnover and the number of buyers compared with the same period from last year, the 125th Canton Fair achieved a $10.6-billion exports value with countries and regions involved in the Belt and Road Initiative, up 10 percent year on year.

Over 195,000 visitors from across the world attend the 125th Canton Fair in Guangzhou. [Photo/Xinhua]

An overseas buyer negotiates with an exhibitor during the third phase of the 125th Canton Fair. [Photo/Xinhua]

Exhibitors leave the China Import and Export Fair Complex, venue of the 125th Canton Fair, as China's largest trade fair closes on May 5. [Photo/Xinhua]