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Guangzhou is the economic centre of the Pearl River Delta, one of mainland China's leading commercial and manufacturing regions. In 2007, the GDP reached ¥705 billion (US $92 billion), per capita was ¥71,219 (US $9,302), ranking 6th among the other 659 Chinese cities.[citation needed]
The China Import and Export Fair, also called "Canton Fair", is held every year in April and October by Ministry of Trading. Inaugurated in the spring of 1957, the Fair is a major event for the city.
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