On Oct. 26, an aircraft operated by the Indian airline Indigo will fly from Kolkata to Guangzhou. This is the first time in five years that a detour via a third country is no longer necessary.
By Marcel Grzanna
Guangzhou, also known as Canton, is a major city in southern China and the capital of Guangdong province. The city is known for its dynamic economy, rich cultural traditions and impressive modern infrastructure. Guangzhou plays a central role in international trade and is a major manufacturing center. The city is famous for its Cantonese cuisine and the renowned Canton Fair, one of the largest trade fairs in the world. Historical and modern sights and a strong education system make Guangzhou an important and influential metropolis in China and worldwide. Read the latest news from the Table.Briefings editorial team! What is Guangzhou known for? Guangzhou, also known as Canton, is a major city in southern China and the capital of Guangdong province. It is known for various aspects: These aspects make Guangzhou a dynamic and important city in China and worldwide. What is the Canton Fair in Guangzhou? The Canton Fair, also known as the China Import and Export Fair, is the largest and oldest trade fair in China. It is held twice a year in Guangzhou and attracts international businessmen and buyers from all over the world. Here is some important information about the Canton Fair: The Canton Fair is thus a must-attend event for companies and businessmen involved in or interested in international trade with China. Why is Guangzhou important in the Evergrande scandal? Guangzhou plays a central role in the Evergrande scandal as it is the headquarters of the company and a major site of many of its projects. Evergrande, once the world's most valuable real estate developer, is massively over-indebted and has been unable to restructure its $300 billion debt. This led to an order from the Hong Kong court to liquidate the company. The effects of the scandal are particularly noticeable in Guangzhou, where there are numerous unfinished construction projects that have led to economic and social problems. The city has suffered considerably as a result of the scandal, both economically and in terms of investor confidence. Another aspect is the Guangzhou Evergrande Football Stadium, which was originally planned to be one of the largest soccer stadiums in the world. Due to the company's financial difficulties, the project was canceled and the construction site was taken over by the government. In addition, Guangzhou Evergrande F.C., the company's soccer club, has been badly affected. The club, which was once one of the most successful in China, is now facing financial and organizational challenges. Overall, the Evergrande case shows how deeply rooted the company was in Guangzhou's infrastructure and public life and the far-reaching consequences of its financial misery.
