The China Import and Export Fair, also known as the Canton Fair, is a trade fair held in Guangzhou. Founded in the spring of 1957, it is held in Guangzhou every spring and autumn, jointly organized by the Ministry of Commerce and the Guangdong Provincial People's Government, and hosted by the China Foreign Trade Center. It is currently the longest, highest level, largest scale, most comprehensive international trade event in China, with the most diverse range of products, the largest number of buyers attending, the widest distribution of countries and regions, and the best transaction results. It is known as the "China's First Exhibition". Since the 101st session in April 2007, the Canton Fair has been renamed from the China Export Commodities Fair to the China Import and Export Commodities Fair, transforming from a single export platform to a two-way trading platform for imports and exports.