SHANGHAI -- Global Sources' (Nasdaq: GSOL) China Sourcing Fair: Electronics returns to Shanghai, one of China's most vibrant sourcing hubs, after its 2003 debut in the city. The Fair opens today and runs through June 4 at the Shanghai New International Expo Centre, with more than 460 booths featuring the latest electronic products from Greater China suppliers. The popular Fair is expected to grow substantially in 2011.
Tommy Wong, President of Global Sources Exhibitions, said: "As many local China buying companies have offices strategically located in Shanghai, holding the Fair in this major sourcing hub is a perfect choice. China's domestic market has tremendous potential, with incomes and living standards rising continually, making Shanghai the ideal location for domestic buyers to source efficiently for resale throughout the country.
"According to the China Retail Report, the country's retail sales are expected to soar 79 percent to reach US$3.58 trillion by 2014. China's market for consumer electronics, in particular, is forecast to expand 55.8 percent to a value of over US$200 billion by that year."
Wong added: "Similarly, Shanghai is also an ideal location for international buyers to source effectively from quality China suppliers. As effects of the economic crisis disperse and global demand gains strength, China suppliers are eager to quickly obtain overseas orders to capture market share."
Volume buyers and special programs at the show
Thousands of local and international buyers have pre-registered to attend China Sourcing Fair: Electronics in Shanghai. Among the big names are China Telecom, Haier, Lenovo, Suning Appliance, Hisense, ZTE, Konka, Auchan, Best Buy, Carrefour, Panasonic, Tyco Electronics, RadioShack, Samsung, Tesco, Toshiba, Chubb, Office Depot, LG Electronics and Li & Fung.
Product pavilions at the Fair showcase consumer electronics, telecom and wireless products, computer and networking products, security products, electronic accessories, in-car electronics and GPS.
Value-added services and an informative conference program also make it easier for buyers and suppliers to trade, including:
-- Virtual Product Galleries. These digital product galleries feature
innovative products from verified suppliers unable to attend the show.
This allows buyers to send direct inquiries on the spot -- greatly
extending their sourcing reach.
-- Global Sources Show Guide Magazines. Distributed to buyers on-site, the
magazine features the exhibitor list and floor map. It also contains a
CD-ROM with copies of all Global Sources eMagazines. This one-of-a-kind
initiative puts in buyers' hands information on hundreds of additional
verified suppliers and their products, boosting the productivity of
their show visit.
-- Private Buyer Meetings create exclusive opportunities for pre-selected
exhibitors to meet face-to-face with some of the world's top buyers at
the show. Buyers scheduled to participate include A.R.E.N.A.,
Intermarche, the Metro Group, Philips and Premier Resources
International (buying agent for Amazon.com in China).
-- Free Conference Programs feature international experts speaking on hot
topics, including strategic advice on buying from China, and market
intelligence regarding the electronics industry.
China Sourcing Fair: Electronics in Shanghai opens from 10:00 a.m. to 5:30 p.m. daily. Qualified buyers are entitled to receive free admission and a free show map. For more information about the show, visit the China Sourcing Fairs website at http://www.chinasourcingfair.com .
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.
The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 888,000 active buyers source more profitably from complex overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in over 240 countries.
The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 4.5 million products and more than 256,000 suppliers annually through 14 online marketplaces, 13 monthly print and 15 digital magazines, over 80 sourcing research reports and 21 specialized trade shows which run 55 times a year across 9 cities.
Suppliers receive more than 136 million sales leads annually from buyers through Global Sources Online (http://www.globalsources.com ) alone.
Global Sources has been facilitating global trade for nearly 40 years. Global Sources' network covers more than 60 cities worldwide. In mainland China, Global Sources has about 2,500 team members in more than 40 locations, and a community of over 1 million registered online users and magazine readers for its Chinese-language media.
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