The number of buyers at the 123rd China Import and Export Fair, widely known as the Canton Fair, increased by 5.3 per cent year-on-year, recording a five-year high. The Canton Fair, is the largest and most important trade fair in China held in Guangzhou, South China's Guangdong Province. It recorded a transaction volume of 189.2 billion yuan ($30.1 billion), up 3.1 percent year-on-year on May 3, 2018.
In spite of the escalation of trade disputes between China and the US, the number of US buyers increased 7.85 per cent year-on-year, to 11,929. Yet, some of them held a reluctant attitude toward making deals which resulted in a drop of transactions in sectors including home appliances, shoes and garments.