Johannesburg to host the most extensive B2B China-products exhibition ever to be held in South Africa
HONG KONG, Nov. 11 /PRNewswire-Asia-FirstCall/ -- Global Sources (Nasdaq: GSOL) today announced that South Africa will be the newest location for its expanding series of China Sourcing Fairs. The events, to be held December 2010 in Johannesburg, are expected to mark the first time such a wide variety of China-made products will be exhibited in any African country.
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The new China Sourcing Fairs are timed to address Africa's growing demand for China-made products. Mainland China's exports to Africa grew 39.5 percent in the first seven months of 2009, totalling US$27.92 billion.
"There is increasing demand for China-made products in developing markets," said Sarah Benecke, Global Sources' Executive Director. "In many of these economies, a middle class is emerging and demand for consumer products is growing. As mainland China produces a dominant share of the world's consumer goods, there is a strong fit between our China Sourcing Fairs and these growing markets."
The event will feature co-located specialty shows for exhibitors of gifts and premiums, home products, electronics and components, hardware and building materials, baby and children's products, and garments and textiles. Global Sources estimates that the events will attract more than 500 supplier booths.
The China Sourcing Fairs in Johannesburg build on the success of the existing line up of Fairs in Dubai, U.A.E., and Mumbai, India, that take Greater China manufacturers directly to some of the world's fastest-growing consumer markets.
"The growth of the China Sourcing Fairs is a clear sign that people want to import from China," said Benecke. "The China Sourcing Fairs in Mumbai were sold out. Our June China Sourcing Fairs in Dubai were also sold out in each of the three years we have held them there. In fact, exhibitor booth sales grew over 40% this year in Dubai, while qualified visitor attendance grew 50%.
"Johannesburg is the logical next location for the Fairs, as it serves as a primary trading center for all of Africa and it is a very convenient location for business people throughout Africa who sometimes have difficulty obtaining visas to other locations."
More details about the China Sourcing Fairs in South Africa are available at: http://tradeshow.globalsources.com/TRADESHOW/CSF/INDEX.HTM#SouthAfricaShows .
Details on the other China Sourcing Fairs, including those held in Hong Kong and mainland China, can be found 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 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 38 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: cso@globalsources.com
Global Sources Press Contact in U.S.
James W.W. Strachan
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Email: strachan@globalsources.com
Global Sources Investor Contact in Asia
Investor Relations Department
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Email: investor@globalsources.com
Global Sources Investor Contact in U.S.
Kirsten Chapman & Timothy Dien
Lippert/Heilshorn & Associates, Inc.
Tel: +1-415-433-3777
Email: tdien@lhai.com
