HONG KONG, (PRWEB) October 11, 2005
Global Sources (NASDAQ: GSOL) fall China Sourcing Fair: Electronics & Components opened today with more than 1,000 booths up 25 percent from the spring 2005 show. A record number of buyers from 160 countries have pre-registered to attend. The Fair runs through Oct. 12, 2005 at Shanghai Mart and INTEX in Shanghai, China.
Opening ceremony participants included Chen Jifang, vice chairman, Shanghai Association for Science & Technology and Wang Qingjiang, director of the Trade Development Department, Shanghai Municipal Peoples Government Foreign Economic Relations & Trade Commission.
Buyer participants included Mueller Electric, Monster Cable and Brookstone. Leading China suppliers Apollo Worldwide, Desay A&V Science And Technology, Fujian Forecam Optics, PSI Electronics and Shenzhen Giec Electronics also attended the ceremony.
Global Sources Electronics Business Unit president Mark Saunderson said: The China Sourcing Fairs are about bringing quality buyers together with quality China suppliers. This is our biggest ever show with more than 1,000 booths in five halls at two venues. We are showcasing more suppliers than ever before, and a record number of buyers have pre-registered to attend.
The Fair is now the largest specialized electronics fair of its kind in China and we are glad to welcome back so many familiar faces as well as the hundreds of new buyers and exhibitors here for the first time.
Chinas consumer electronics industry to top US$ 67 Billion hottest products on exhibit
Chinas manufacturers of consumer electronics expect production to top US$ 67 billion in 2005 up 22 percent from 2004. Exhibitors at the fall Electronics & Components show will showcase some of the highest demand finished electronics products including GSM phones, Flash MP3 players, home & portable DVD players, CCTV wireless cameras and USB flash drives.
The ever-increasing sophistication of Chinas electronic components sector will result in huge export growth for many products in 2005: transistors up 52 percent; printed circuit boards up 30 percent; and batteries up 20 percent. These and other components such as adaptors and light emitting diodes (LEDs) will also be showcased at the Fair.
Chinas leading and up-and-coming manufacturers to exhibit at the Fair
Exporters from nine countries will showcase their products in five major exhibits: consumer electronics, computers & networking products, electronic components, security & safety products, and telecom products.
Among the hundreds of exhibitors are some of mainland Chinas leading suppliers, including Coby Electronics, Guangdong Surpass Electronics, SCUD Electronics and Xing Da Printed Circuit Board.
Hong Kong, Taiwan and Korea supplier exhibitors will also have a strong presence at the Fair giving international buyers even more choice of products from across Asia.
Samsung, Mueller Electric and Staples to meet suppliers at Vendor Summits
Vendor Summits, unique to China Sourcing Fairs, allow buyers to introduce their companies and outline their sourcing requirements to groups of pre-selected exhibitors. This saves both parties time and money.
Companies holding Vendor Summits include Brookstone, Samsung, Mueller Electric and members of the WorldWide Retail Exchange (WWRE), an organization which represents many of the worlds largest retailers with total combined annual sales of US$ 900 billion.
Conference speakers include HSBC China, SGS, Texas Instruments, TNT and Philips Semiconductors
Conferences at the China Sourcing Fair will help companies understand and overcome the challenges of sourcing and exporting in the dynamic China market.
Speakers from HSBC China, SGS, Texas Instruments, TNT and Philips Semiconductors will discuss China banking, logistics and patent protection, as well as other topics such as digital convergence and power management.
Product Sourcing Forums for mobile phones, MP3 players, LEDs
Product Sourcing Forums will give buyers insight into China supplier capabilities for mobile phones, MP3 players and high-brightness LEDs.
The forums are based on Global Sources best-selling series of China Sourcing Reports. Global Sources produces the China Sourcing Reports from extensive on-site factory visits, interviews and surveys with large, medium and up-and-coming suppliers throughout mainland China and Taiwan.
Total solution for export marketing
The China Sourcing Fairs are an integral part of Global Sources total solution for export marketing. The companys four export marketing channels work together to take much of the uncertainty out of global trade.
Every day, buyers can access reliable sourcing information through Global Sources Online and Global Sources Direct. Every month, buyers receive Asian Sources specialized trade magazines and then twice a year the China Sourcing Fairs play the crucial role of bringing buyers together with suppliers for face-to-face discovery, negotiations and ordering.
For further information about the China Sourcing Fair: Electronics & Components, please visit http://www.chinasourcingfair.com .
About Global Sources
Global Sources is a leading business-to-business (B2B) media company and a primary facilitator of two-way trade with Greater China. It provides sourcing information to volume buyers and integrated marketing services to suppliers.
The company helps its community of more than 430,000 active buyers to source more profitably from complex, overseas supply markets. With the goal of providing as many effective ways as possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in 230 countries.
The company offers the most extensive range of media and export marketing services in the industries it serves. Suppliers using its four primary channels online marketplaces, magazines, trade shows and direct online sales are supported by its advertising creative, education programs and online content management applications.
Global Sources delivers information on 1.4 million products and 130,000 suppliers annually through 10 leading online marketplaces and monthly magazines, more than 80 sourcing research reports, and 15 China Sourcing Fairs and other trade shows. Global Sources Direct is the companys new initiative that will help suppliers sell through eBay. Buyers send 4.5 million inquiries annually to suppliers through Global Sources Online (http://www.globalsources.com) alone.
In mainland China, Global Sources has a 24 year track record and 1,300 team members in 44 locations. Its services are backed by 34 years experience as a trade magazine publisher, 13 years as an organizer of trade shows, and nine years as an online marketplace operator.
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of Section 27-A of the Securities Act of 1933, as amended and Section 21-E of the Securities Exchange Act of 1934, as amended. The company’s actual results could differ materially from those set forth in the forward-looking statements as a result of the risks associated with the company’s business, changes in general economic conditions, and changes in the assumptions used in making such forward-looking statements.