China Import and Export Fair, founded on April 25, 1957, is held in Guangzhou every spring and autumn. It is co-sponsored by the Ministry of Commerce and the People's Government of Guangdong Province and hosted by China Foreign Trade Center. It is a comprehensive international trade event with the longest history, the highest level, the largest scale, the most variety of commodities, the largest number of buyers, the widest distribution of countries and regions, and the best transaction effect, known as "the first exhibition in China".