Canton Fair slashes prices of booths

GUANGZHOU: In a bid to ease some pressure for exhibitors amid the global financial crisis, the organizing committee of China Import and Export Fair (Canton Fair), which begins here on April 15, will lower the prices of exhibition booths.

This is the first time in the 52-year history of the Canton Fair that booth charges have been slashed, organizers said.

"Standard booths in exhibition halls A and B will be cheaper by 1,000 yuan ($146), while booths in hall C will be 2,000 yuan cheaper for the upcoming 105th session of the fair," Mu Xinhai, spokesman for the fair, announced last week.