On April 15, 2007 (February 28, 2007 in the lunar calendar), the Canton Fair was renamed. On April 15, 2007, the 101st Canton Fair was officially renamed from "China Export Commodities Fair" to "China Import and Export Commodities Fair", marking the transformation of China's economic development model, which has been supported by expanding exports for more than 20 years. In recent years, while strong growth in foreign trade exports has driven rapid economic development, it has also brought about problems such as huge trade surpluses, excessive foreign exchange reserves and macroeconomic imbalances. Our country is in a new historical period of transformation from a major trading country to a major trading country. It is an indisputable fact that the "export-first" strategy has ended. Gao Hucheng, Vice Minister of Commerce: The Canton Fair is renamed a convenient channel for excellent foreign products to enter the China market. It is an important measure to achieve a balance of imports and exports. It reflects the spirit of the mutually beneficial and win-win opening strategy and will further enrich the content of the Canton Fair, expand the influence of the Canton Fair, and improve the internationalization of the Canton Fair.