The China Import and Export Fair (Canton Fair), founded on April 25, 1957, is held in Guangzhou every spring and autumn, jointly sponsored by the Ministry of Commerce and the People's Government of Guangdong Province, and undertaken by China Foreign Trade Center. It is a comprehensive international trade event with the longest history, the highest level, the largest scale, the most complete product categories, the largest number of buyers, the widest distribution of countries and regions, and the best transaction results in China, and is known as "China's first exhibition".