Canton Fair ends, with deals valued at $30b

China's foreign trade is expected to sustain an upward trend in the near future, as more export-oriented companies focus on developing new levels of competitiveness, according to the spokesman of the nation's biggest trade event.

"Chinese exporters are no longer manufacturers focusing on intensive production and lower pricing to compete in the global market," said Xu Bing, spokesman of the Canton Fair.

The Canton Fair - held twice a year and known as the China Import and Export Fair - concluded on Friday in Guangdong's provincial capital of Guangzhou with reported total transactions at the spring fair increasing by 6.9 percent year-on-year to 206.357 billion yuan ($30 billion).