The 2019 International Sourcing Fair is scheduled to open on Nov. 7 in Shanghai, according to the China Council for the Promotion of International Trade (CCPIT).
Co-hosted by the Ministry of Commerce and the Shanghai Municipal Government, the three-day event is the largest reverse sourcing fair in China.
At such fairs, participating purchasers release purchase information or list the products to be purchased to look for the most competitive suppliers in an effort to lift purchasing efficiency and cut supplier-searching costs.
Aiming to facilitate resource integration in the spheres of auto parts, equipment manufacturing, intelligent manufacturing and new energy, the organizers of the event have enlisted the support of more than 20 state-level industrial societies and overseas procurement associations.
Two seminars will be held to explore opportunities in sustainable public procurement and multinational procurement, according to a statement of the CCPIT.