Its average annual growth rate is over 10%, which is higher than the total growth rate of the national economy. Taking year 2010 for example, there were altogether 20,003 plastic products industry companies between January and May, which realized an industrial output value of RMB499.72 billion, and the output value of new products accounted for 4.38% with a year-on-year growth of 32.48% and a sales-output ratio of 97.97%.
In addition, the export delivery value reached RMB79.049 billion with a year-on-year growth of 25.77%, and the proportion of exports among sales rose to 16.15%. For the rubber industry, it experienced a steady growth in 2010. Statistics shows that the realized industrial output value from January to November 2010 was RMB229.23 billion, with a year-on-year growth of 22.1%. The realized sales income was RMB228.02 billion, with a year-on-year growth rate of 24.3%. The realized export delivery value was RMB60.6 billion and its year-on-year growth rate was 35.6%. All these data have shown that the development of China's plastics and rubber industries are flourishing.
The 25th edition of CHINAPLAS will take place this year. In the past two decades, the exhibition experienced many ups and downs, including the Asian financial crisis in 1998, the "9.11" incident in the United States in 2001, the SARS outbreak in 2003 and the global financial crisis in 2008, etc., however, by virtue of perseverance, Adsale Exhibition Services Ltd, the organizer of CHINAPLAS and its team have overcome many challenges, and have made brilliant achievements for many years along with the industry's development and flourish.
In early times, CHINAPLAS was a platform to provide learning opportunities for Chinese enterprises. When recalling the first edition of CHINAPLAS, Mr. Stanley Chu, Chairman of Adsale said, "There were only several thousand square meters of exhibition space and a hundred of exhibitors which were all overseas companies. There wasn’t any China-made products and technology at the fairground in the first edition.
However, thanks for the growth of plastics and rubber industries after China launched its open door policy, "CHINAPLAS" has become one of the top three international plastics and rubber fairs in the world and is now ranking first in Asia. Large number of overseas buyers visited the exhibition to experience the advanced technology of Chinese enterprises, aiming to exchange technology and to purchase raw materials and machines. Having grown with the plastics and rubber industries, "CHINAPLAS" has witnessed its strong development in the past two decades.