Auto parts expected to be focus of fair
By Wang Yanlin |
August 12, 2011, Friday
|
Print Edition
Print Edition
CHINESE manufacturers are actively seeking new business as the economy moderates and many believe the 2011 International Sourcing Fair in Shanghai will present some good opportunities.
The fair is a national event co-organized by the Ministry of Commerce and the Shanghai government and will be held at ShanghaiMart from September 5 to 8.
"Many Chinese suppliers have registered," said an official surnamed Yu at the Shanghai Commission of Commerce. "Many are targeting global buyers of auto parts. They expect new orders after the Japanese earthquake in March shook the auto industry's supply chain."
The booth area for Japanese buyers will expand 25 percent from a year earlier, and several manufacturers are trying to source auto parts and other components from China.
According to the organizers, more than 350 international buyers have registered for this year's fair and over 6,000 suppliers are expected to attend.
Annualized growth of China's industrial production moderated to 14 percent in July, compared to June's 15.1 percent, and manufacturers in China are eager to explore new opportunities due to rising production costs, especially labor.
"Many global buyers tend to compare destinations for sourcing," Yu said. "They will find China still has an advantage despite higher costs, because no other market can provide such a large labor pool."
The International Sourcing Fair started in 2002.
Last year, more than 310 international buyers from 32 countries and regions took part in the event.
The fair is a national event co-organized by the Ministry of Commerce and the Shanghai government and will be held at ShanghaiMart from September 5 to 8.
"Many Chinese suppliers have registered," said an official surnamed Yu at the Shanghai Commission of Commerce. "Many are targeting global buyers of auto parts. They expect new orders after the Japanese earthquake in March shook the auto industry's supply chain."
The booth area for Japanese buyers will expand 25 percent from a year earlier, and several manufacturers are trying to source auto parts and other components from China.
According to the organizers, more than 350 international buyers have registered for this year's fair and over 6,000 suppliers are expected to attend.
Annualized growth of China's industrial production moderated to 14 percent in July, compared to June's 15.1 percent, and manufacturers in China are eager to explore new opportunities due to rising production costs, especially labor.
"Many global buyers tend to compare destinations for sourcing," Yu said. "They will find China still has an advantage despite higher costs, because no other market can provide such a large labor pool."
The International Sourcing Fair started in 2002.
Last year, more than 310 international buyers from 32 countries and regions took part in the event.
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