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Sourcing fair used as gauge to study demand
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COMPANIES are using a three-day International Sourcing Fair in Shanghai to gauge current market demand at home and abroad to better fit their operations amid global uncertainties, the fair organizers said yesterday.
“The global economy, as well as China’s, is full of uncertainties this year,” said an official surnamed Xie with the Shanghai International Sourcing Promotion Center.
“We hope the fair can serve as a gauge of the current market demand, and help suppliers meet the demand or discover new opportunities.”
China’s trade has fluctuated wildly this year. The country’s exports lost 1.6 percent from a year earlier in the first eight months, while imports plummeted 14.6 percent, leading to a trade deficit of 7.7 percent during the period, according to the General Administration of Customs. The deficit was far behind the official target of a 6 percent surplus gain for this year.
This year’s fair, due to open on Tuesday, will be held at the Shanghai World Expo Exhibition and Convention Center in the Pudong New Area.
The fair, co-hosted by the Shanghai Commission of Commerce, has again invited buyers to set up booths and list out what they expect to purchase. Usually suppliers are the ones to display their products at exhibitions.
Last year’s fair sealed deals worth about US$240 billion.
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