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|Monday, April 16, 2001, updated at 13:23(GMT+8)|
89th China Export Commodities Fair Opens
The 12-day fair, viewed by trade experts as the prime indicator in measuring China's foreign trade performance, has attracted about 100,000 businessmen at home and abroad, involving more than 3,000 selected export-oriented companies in China.
Guangdong governor Lu Ruihua and Sun Zhenyu, vice-minister of foreign trade and economic cooperation (MOFTEC), attended the opening ceremony of the fair.
Held biannually in April and October in Guangzhou, the fair normally accounts for about one-tenth of China's total export volume.
By Saturday, some 3,198 overseas business people from 95 countries and regions worldwide had checked in at the fair.
The trade fairs dates back to early 1957, when the First China Export Commodities Fair was launched in a bid by China to break the economic blockade imposed by some Western countries.
About 100,000 businessmen attended last spring's trade fair, clenching export deals valued at a record of 14.9 billion US dollars, compared with the total export volume of 18 million US dollars signed by 1,023 businessmen, mostly from neighboring Hong Kong and Macao at the first trade fair.
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