The China Import and Export Fair, also known as the Canton Fair, was founded in the spring of 1957 and is held in Guangzhou every spring and autumn. The Canton Fair is jointly hosted by the Ministry of Commerce and the People's Government of Guangdong Province, and hosted by the China Foreign Trade Center. It is currently the longest and largest comprehensive international trade event in China, with the most complete range of goods, the largest and widest source of buyers, the best transaction results, and the best reputation. It is known as China's first exhibition and a barometer and vane of China's foreign trade.