Saturday, 04 February 2012 03:59

Newsletter 1

The second annual china sourcing fair was held in Johannesburg (Nov. 30 to Dec. 02, 2011) featuring more product categories. Recorded as the largest China-products exhibition ever held in Africa, the exhibition consumed four giant halls of the Gallagher Convention Centre, Gallagher Estate, Midrand. The exhibition featured over 820 exhibitor booths seeing a 29 percent increase from the first fair in the previous year.

Opening the fair Tommy Wong, President of Global Sources Exhibitions, said that Africa's trade with China continued booming and that the expansion of China Sourcing Fairs in Johannesburg is representative of that growth."

Exclusively arranged for importers, traders, and other volume buyers who purchase consumer products for resale to markets throughout Africa, the China Sourcing Fair featured manufacturers of baby and children's products, fashion accessories, consumer electronics, home products, garments and textiles, gifts and premiums, solar and energy-saving products and hardware and building materials.

According to China’s ministry of commerce, China has emerged as Africa’s largest trading partner with bilateral trade growing at an average of 28 percent in the last 10 years. The ministry added that trade between China and Africa is also set to reach record levels this year as trade volume in the first three quarters of 2011 rose 30 percent year-on-year to reach US$122.2 billion. More than 2,000 Chinese companies invested in Africa by the end of 2010. China itself had invested US$1.08 billion in Africa's non-financial sectors in the first three quarters of 2011, an increase of 87 percent compared to the same period last year.


Last modified on Saturday, 04 February 2012 04:03