China unveils measures to boost exhibition industry

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China is planning to boost development of the exhibition industry through market liberalization, according to a guideline released by the State Council on Sunday.

A ministerial joint conference, including a dozen central government departments, will be established to coordinate the formulation and implementation of new market rules, the guideline said, setting a deadline of 2020 for China to have an exhibition center “with a sound development environment and a high level of internationalization”.

Licensing of economic and technological exhibitions will be gradually delegated to provincial-level commercial authorities, while the number of government-funded exhibitions will be reduced. In their place, private companies are encouraged to organize and sponsor such events, according to the plan.

It said China will guide big exhibition companies to acquire, merge with or buy stakes in foreign counterparts to establish multinationals.

Small exhibition firms will meanwhile enjoy tax breaks, and customs procedures will be streamlined to facilitate cross-border events.

The government plans to support exhibition-related sectors including transport, logistics, telecommunication, finance, tourism, catering and hotels.

China will “set up a cooperation mechanism” for domestic and foreign exhibition companies, and invite global giants to hold events in China, according to the plan.

It also said authorities will strengthen intellectual property rights protection, with rampant counterfeiting in China a big turn-off for international brands interesting in exhibiting here.

China is a latecomer to the exhibition business compared with developed countries, but it has become the world’s second-largest exhibition holder in terms of the number of events and venues.

Despite the achievements, the guideline noted that China’s exhibition market is far from mature, with weak global competitiveness and an absence of sound policies.

 

 

Source : China Daily | April 20, 2015

Thomas D’Innocenzi

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About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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