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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Thomas D’Innocenzi is a highly accomplished, results-focused international consultant with extensive experience in global sourcing and business development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global marketing and sourcing operations. He has extensive experience in international business development to accommodate rapid growth. Skilled in building top-performing teams, bench-marking performance, and developing organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. Tom founded Nova Advisors with the mission of providing expert Global Business Development consulting services for companies seeking to expand their market share as an independent consultant. Tom has a network of experts and advisors throughout the Asia-Pacific region and North America. His expertise includes business development, global sourcing, manufacturing, commodities, logistics, QA/QC, FDA, regulatory compliance, sustainability, and supply chain optimization. Tom is experienced in the medical device, apparel, consumer goods and technology services verticals helping companies advance their global sourcing capabilities and develop new markets through a local and sustained approach. Located in SE Asia and the United States, Tom expands market reach to drive sales. His global sourcing strategy includes directly negotiating with commodity suppliers, supply chain networks and distributors for optimal terms based on his expertise and first-hand knowledge of the players. Contact Tom to use his consulting service to increase your global market and make global sourcing profitable for you in the Asia Pacific Region and the United States. http://www.NovaAdvisors.com thomas@NovaAdvisors.com USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
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