China Sourcing Fairs Booth Sales Up More Than 70 Percent
Global Sources, Shanghai, announced its China Sourcing Fairs, held in Shanghai from Jan. 13 to 15, 2010, will feature more than 800 booths--an increase of over 70 percent from previous events. In addition, more than 20,000 buyers have preregistered to attend.
President of Global Sources Exhibitions, Tommy Wong, commented, "These fairs are unique in that they offer both opportunities to buy from China and to sell to the fast-growing domestic market. China's imports and retail sales are booming--up nearly 27 percent and 16 percent, respectively, in November 2009 from a year ago.”
Wong continued, "These shows are the perfect platform for buyers to profit from China's domestic growth. They enable buyers to source more domestically for resale locally. In a survey we conducted last December, 81 percent of China buyers who source domestically indicated they plan to increase sourcing volumes in 2010. 70 percent expected their sales to the domestic market to increase this year.”
Wong added, "Whether a supplier is focused on domestic or international markets, the China Sourcing Fairs in Shanghai offer a highly effective channel to profit from China's booming economy."
In addition, Global Sourcing announced a gifts and premiums category had been added to the fair.
"To meet demand from buyers, we have added our specialized Gift & Premiums fair to our lineup of Shanghai events," Wong said. "As companies in China spend more on marketing and promotions, gift and premium items have become a hot category.”
Wong concluded, "And, fashion accessories and baby and children's products are more popular than ever as personal incomes in China continue to rise and consumers are more likely to spend more on these kinds of items."
About Global Sources
Global Sources is a leading business-to-business media company and a primary facilitator of trade with greater China. The core business uses English-language media to facilitate trade from greater China to the world. The other business segment utilizes Chinese-language media to enable companies to sell to, and within, greater China.