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Cultural fair expects 16,000 overseas buyers

UserPost

1:25 pm
May 14, 2010


admin

Admin

posts 215

Workers
give final touches to an exhibit for the Guangxi Zhuang Autonomous
Region at the Shenzhen Convention and Exhibition Center on Thursday. Sun
Yuchen

A record number of overseas buyers are expected to attend China's top
cultural feast, which opens Friday (May 14) at the Shenzhen Convention
and Exhibition Center.

Buyers and visitors from more than 65 countries and regions will
attend the four-day Sixth China (Shenzhen) International Cultural
Industries Fair (ICIF), including 10,000 at the main venue in the
convention center and 6,000 at the 35 subvenues across the city, Vice
Mayor Yan Xiaopei said Thursday.

About 14,000 overseas buyers attended last year's ICIF.

Some 1,787 delegations organized by governments, companies and
organizations from 65 countries and regions will attend the fair, which
will last until Monday, Yan said.

The organizer expects the transaction volume to reach a record 90
billion RMB (13 billion USd) this year, 2 billion RMB more than 2009.
The volume of overseas purchases is expected to reach 10 billion RMB,
said Yan.

All booths at the main venue had already been booked, the organizer
said.

Two delegations of exhibitors and buyers at the Shanghai Expo,
totaling 450 people, will visit the fair.

The organizer hoped the ICIF would yield 200 billion RMB in
transactions in 2020 with 2,500 exhibitors and more than 500,000
professional visitors, according to a 10-year plan for the ICIF released
Thursday.

The ICIF was first held in 2004. And the total volume of transactions
for the past five years was more than 270 billion RMB, Yan said.


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