[photopress:shanghaiexhibition.jpg,full,alignright]Shanghai’s exhibition industry is booming despite a drop in the number of government-sponsored trade fairs.
According to the Shanghai Foreign Economic Relation & Trade Commission (SMERT), last year, 2006, Shanghai hosted over 245 international exhibitions with a total exhibition space of 4.16 million square meters. That figure is a bit down on the number held the year before which was 276. However, if the numbers were down to compensate the exhibition space was up by a factor of 25%.
Wang Jinzhen, vice president of China Council for the Promotion of International Trade, praised Shanghai for its leading position in the exhibition industry. He said the Government has had to withdraw from participating in exhibitions because China, with its entry into the World Trade Organization, promised to step up the introduction of a market-oriented economy.
This matters not as long as the number of people attending the exhibitions stay high. Much to the delight of the hoteliers of Shanghai who specialize in MICE, which is meetings, incentives, conferences and exhibitions.