SHANGHAI, Jan. 26 /PRNewswire-Asia-FirstCall/ -- More than 7,000 overseas and domestic market buyers attended Global Sources' (Nasdaq: GSOL) China Sourcing Fairs ( http://www.chinasourcingfairs.com ) held January 13-15 at the Shanghai New International Expo Centre.
Covering Baby & Children's Products, Fashion Accessories and Gifts & Premiums, the Fairs showcased over 840 booths - an increase of nearly 80 percent from the previous events. In January 2011, the China Sourcing Fairs in Shanghai are scheduled to expand to include Home Products and Underwear & Swimwear.
Buyers attending the shows included international retailers such as Auchan, Carrefour, Coles Group, Dorel, H&M, Procter & Gamble, MGB Metro, Redcats and Swarovski. Buyers purchasing for the China domestic market included those from Boshiwa, Goodbaby, Herborist, Juneyao Airlines, Metersbonwe and Tony Wear.
President of Global Sources Exhibitions, Tommy Wong, said: "We had record attendance at the Fairs, with more big name buyers sourcing for the domestic market than ever before.
"China's exports surged by more than 17 percent year-on-year last December, breaking 13 months of consecutive declines while imports increased by more than 50 percent indicating very strong demand in the domestic market.
"To meet demand from buyers and suppliers, we have increased the number of specialized sourcing events to six next year in Shanghai, which is now China's key hub to source products for the booming domestic market."
One buyer, Division Merchandising Manager of Redcats Asia (Shanghai) office, Jessica Shen, said: "China is one of our major sourcing markets. We need to constantly look at suppliers to ensure we are giving our customers the best products for the value. The China Sourcing Fairs in Shanghai give us a range of sourcing options for the China market and we consistently discover a number of new products from various suppliers."
One supplier, Marketing Specialist of TCT Nanotec, Johnson Lin, said: "This is our second time attending the China Sourcing Fairs in Shanghai. We met a lot of professional, quality local and international buyers at the Fairs. We already received 20 to 30 sales leads from international buyers and even more from domestic buyers. We are very satisfied with the results and have already booked the booths for the next Shanghai show."
Another supplier, Sales Manager of Yiwu Unique Bags & Cases Co., He Chongyang, said: "We are very satisfied with the quality of buyers we met. In fact, we even got some orders on site and one of them is worth hundreds of thousands of US dollars. We are planning to exhibit at the Dubai show and to participate in the South Africa one, too. We definitely intend to join the Shanghai show again."
China Sourcing Fair: Electronics to be held in Shanghai in June 2010
Global Sources is scheduled to hold its newest China Sourcing Fair: Electronics at the Shanghai New International Expo Center, June 2-4, 2010. The event is set to feature pavilions for computer & networking products; consumer electronics; electronic accessories; GPS; in-car electronics; security products; and telecom & wireless products. Buyers interested in attending can pre-register at the China Sourcing Fair website: 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 854,000 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 247,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 100 sourcing research reports and 12 specialized trade shows which run 30 times a year across 10 cities.
Suppliers receive more than 96 million sales leads annually from buyers through Global Sources Online ( http://www.globalsources.com ) alone.
Global Sources has been facilitating global trade for 39 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.
Global Sources Press Contact in Asia: Camellia So Tel: +852-2555-5021 Email: email@example.com Global Sources Press Contact in U.S.: James W.W. Strachan Tel: +1-480-664-8309 Email: firstname.lastname@example.org Global Sources Investor Contact in Asia: Investor Relations Department Tel: +852-2555-4777 Email: email@example.com Global Sources Investor Contact in U.S.: Kirsten Chapman & Timothy Dien Lippert/Heilshorn & Associates, Inc. Tel: +1-415-433-3777 Email: firstname.lastname@example.org
SOURCE Global Sources