Photo from Fu Ching Tak
China Sourcing Fair: Gifts & Home Products opens tomorrow (October 20, 2008) in Hong Kong at Asia World-Expo with over 3,200 booths. Mr. Tommy Wong, General Manager of the Global Sources Exhibitions, talked about the research conducted last week by Global Sources has revealed that price increases and a decrease in consumer spending are the two biggest challenges facing buyers in the next 12 months. To address these issues, buyers are looking to consolidate existing suppliers; enter new markets; and look for more competitively-prices products. However, the research also revealed that 77 percent of the 300 buyers who responded plan to increase or keep their sourcing volume the same in the next 12 months, and will continue to sources most of their gifts and home products from China.