The 4th China (Weihai) Fishing Gear Manufacturing Center Expo (CGC EXPO 2011)

The Background of China (Weihai) Fishing Gear Manufacturing Center Expo 

It is well known that from the year of 2008, the world financial crisis was coming by the impact of U.S. subprime mortgage crisis. As a result, the world’s economy had to face the unprecedented difficulty. Consumer demands dropped sharply, and unemployment rate roared up. Under such circumstance, the business of Chinese fishing tackle industry was seriously affected because most of the wholesalers and retailers mainly focused on selling stocks while rarely purchase from China. Evidence could also be found from other international fishing tackle shows such as ICAST and EFTTEX. For Chinese manufacturers, in the meanwhile burdened with RMB appreciation and increasing labor cost and raw materials, it was very hard to survive when buyers cut their orders. It was the time to find some new opportunities, and CGC Expo is thus born as required!