Hu Ming, Economic Counsellor, Chinese Embassy
Hu Ming, Economic Counsellor, Chinese EmbassyArutz Sheva/Israeli National News

The China Foreign Trade Center and the Chinese Embassy, in cooperation with the Israel Federation of Trade Bureaus, held a conference in Tel Aviv's David Intercontinental Hotel on Monday, in advance of the huge Canton Fair that is to begin on October 15 in China. About 2,000 Israeli traders are expected at the Canton Fair, which totaled $36 billion in deals last year.

The Canton Fair accounts for about 25% of China's foreign trade volume, and houses about 25,000 exhibits on an area of 1.1 million square meters.

Aryeh Zeif, Deputy Chairman of the Federation of Trade Bureaus, said that “China's traditional role as a purchasing source is undergoing a change, from a supplier of basic and inexpensive products, to a producer of a wide range of equipment, systems and finished products whose quality of technology and performance is improving.”