Sourcing Guide Contents
Industrial Clusters: Where to Source China Wholesale Price Index
SourcifyChina B2B Sourcing Report 2026
Market Analysis: Sourcing China Wholesale Price Index (CWPI) – A Strategic Guide for Global Procurement Managers
Executive Summary
The term “China Wholesale Price Index (CWPI)” is often misinterpreted as a tangible product. However, in sourcing and procurement contexts, it typically refers to a benchmarking metric or data service used to track wholesale price trends across Chinese manufacturing sectors. For global procurement managers, understanding the geographic origins, data reliability, and cost dynamics behind this index is critical for informed decision-making.
This report clarifies the CWPI as a market intelligence tool, identifies the key industrial clusters responsible for generating the underlying price data, and evaluates regional manufacturing competitiveness that influences the index. It provides actionable insights for sourcing strategies in 2026, leveraging regional strengths in cost, quality, and supply chain efficiency.
Understanding the China Wholesale Price Index (CWPI)
The China Wholesale Price Index (CWPI) is not a physical product but a composite economic indicator compiled by statistical agencies (e.g., National Bureau of Statistics of China, private data providers) to reflect price movements of goods traded in bulk across China’s wholesale markets. It is influenced by manufacturing output, raw material costs, logistics, and regional production volumes.
For procurement professionals, the CWPI serves as a leading indicator for input cost forecasting, supplier negotiation, and risk mitigation. Therefore, understanding the industrial geography behind the index — i.e., where the goods included in the index are predominantly manufactured — is essential.
Key Industrial Clusters Influencing the CWPI
The CWPI aggregates price data from major manufacturing hubs. The following provinces and cities are core contributors due to their scale, specialization, and export volume:
| Province/City | Key Manufacturing Sectors | Role in CWPI Data |
|---|---|---|
| Guangdong | Electronics, Consumer Goods, Lighting, Plastics, Textiles | Highest contributor due to export volume and OEM density (e.g., Shenzhen, Dongguan, Guangzhou) |
| Zhejiang | Hardware, Fasteners, Textiles, Small Machinery, Home Goods | Dominates SME-driven wholesale markets (e.g., Yiwu, Ningbo) |
| Jiangsu | Industrial Machinery, Chemicals, Electronics, Automotive Parts | High-tech and heavy industry influence on input pricing |
| Fujian | Footwear, Ceramics, Building Materials, Garments | Key for mid-tier export pricing in consumer durables |
| Shandong | Chemicals, Textiles, Agricultural Products, Heavy Machinery | Influences raw material and bulk commodity pricing |
| Sichuan/Chongqing | Electronics Assembly, Auto Parts, Consumer Electronics | Emerging inland hub affecting labor and logistics costs |
Regional Comparison: Manufacturing Competitiveness (2026 Outlook)
Below is a comparative analysis of Guangdong and Zhejiang — the two most influential provinces in shaping the CWPI — based on sourcing KPIs critical to global procurement:
| Parameter | Guangdong | Zhejiang | Strategic Implication |
|---|---|---|---|
| Average Price Level (Relative) | Medium-High | Low-Medium | Zhejiang offers better cost efficiency for standard goods; Guangdong commands premium for high-tech |
| Quality Consistency | High (Tier 1 OEMs) | Medium-High (SME variability) | Guangdong preferred for precision/automotive/medical; Zhejiang strong in commoditized goods |
| Lead Time (Avg. Production + Port) | 25–35 days | 30–40 days | Guangdong’s proximity to Shenzhen/Yantian port reduces logistics time |
| Specialization | Electronics, Smart Devices, High-End Plastics | Small Hardware, Textiles, Daily Commodities | Product-specific sourcing clusters |
| Supplier Maturity | High (global supply chains) | Medium (many SMEs, evolving compliance) | Guangdong offers better scalability and audit readiness |
| Logistics Infrastructure | Excellent (5 major ports, rail, air) | Strong (Ningbo-Zhoushan Port, rail links) | Both competitive, but Guangdong has more multimodal integration |
| Labor Cost (2026 est.) | ¥38–45/hour | ¥32–38/hour | Zhejiang maintains slight labor cost advantage |
Note: Data based on SourcifyChina field audits, supplier benchmarking (Q4 2025), and government industrial reports.
Strategic Sourcing Recommendations (2026)
-
For Cost-Sensitive Commodities:
Prioritize Zhejiang, especially Yiwu and Wenzhou, for small hardware, textiles, and household goods. Leverage volume-based pricing and e-commerce-enabled wholesale platforms. -
For High-Value, Precision Goods:
Source from Guangdong (Shenzhen, Dongguan, Foshan) for electronics, IoT devices, and automotive components. Accept higher prices for superior quality control and faster turnaround. -
For Risk Diversification:
Consider secondary hubs like Chengdu (Sichuan) and Hefei (Anhui) to mitigate overreliance on coastal regions and benefit from inland incentives. -
Leverage CWPI Data for Timing:
Monitor CWPI trends monthly. Procurement during Q1 (post-Lunar New Year) often yields better pricing due to lower demand and factory restarts.
Conclusion
While the China Wholesale Price Index (CWPI) is not a product to be sourced, its regional manufacturing underpinnings are vital for procurement strategy. Guangdong and Zhejiang remain the twin engines of China’s export economy and the primary drivers of wholesale price data.
Global procurement managers should align sourcing decisions with regional strengths:
– Guangdong for quality, speed, and technology.
– Zhejiang for cost efficiency and volume.
By integrating CWPI insights with granular regional analysis, enterprises can optimize total cost of ownership, reduce supply chain volatility, and maintain competitive advantage in 2026 and beyond.
Prepared by:
SourcifyChina | Senior Sourcing Consultants
Data-Driven Sourcing Solutions for Global Procurement Leaders
Q1 2026 | sourcifychina.com
Technical Specs & Compliance Guide
SourcifyChina Sourcing Intelligence Report: Navigating Pricing Benchmarks in Chinese Manufacturing (2026 Edition)
Prepared Exclusively for Global Procurement Leaders
Date: October 26, 2025 | Report ID: SC-PR-2026-001
Critical Clarification: Understanding the “China Wholesale Price Index” (CWPI)
The term “China Wholesale Price Index” (CWPI) is not a physical product, technical specification, or compliance standard. It is a macroeconomic indicator published by China’s National Bureau of Statistics (NBS), tracking aggregate price movements for wholesale goods across Chinese industries (e.g., raw materials, intermediate goods). It has no material composition, tolerances, certifications, or quality defects.
Why This Misconception Arises:
Global buyers often conflate “wholesale pricing data” with product-specific sourcing benchmarks. SourcifyChina clarifies: You require category-specific pricing intelligence, not the national CWPI. This report redirects focus to actionable, product-level pricing and quality frameworks essential for 2026 sourcing.
Part 1: Technical Specifications & Compliance for Sourcing from China (2026 Focus)
Relevant to ACTUAL PRODUCTS (e.g., electronics, textiles, machinery), not the CWPI.
I. Key Quality Parameters
| Parameter | Critical Specifications (2026 Standards) | Why It Matters in 2026 |
|---|---|---|
| Materials | • Traceable mill/test certs (e.g., ASTM A36 steel, OEKO-TEX 100 textiles) • Zero-tolerance for restricted substances (REACH SVHC, China RoHS 2) |
Supply chain transparency laws (EU CSDDD, US UFLPA) mandate material provenance. Non-compliance = shipment seizure. |
| Tolerances | • Dimensional: ±0.05mm (precision machining), ±2% (textiles) • Performance: ±5% (electrical efficiency), ±0.5°C (thermal) |
Tighter tolerances demanded by Industry 4.0 integration (e.g., IoT sensors require micron-level accuracy). |
| Process Controls | • Real-time SPC (Statistical Process Control) data • AI-driven defect detection logs |
2026 trends: Buyers audit process stability, not just final inspection. Expect digital quality trails. |
II. Essential Certifications (Non-Negotiable for 2026)
| Certification | Scope | 2026 Enforcement Trend | Risk of Non-Compliance |
|---|---|---|---|
| CE | EU safety (Machinery, EMC, LVD) | Stricter notified body audits; “CE fraud” blacklists | EU market ban; €20k+ fines per shipment |
| FDA | US food/medical devices (21 CFR) | Increased PRC facility inspections; eSubmitter mandates | US FDA import alert; shipment destruction |
| UL | North American safety (electrical) | UL 2900 cybersecurity for IoT devices | Retailer rejection (Walmart, Amazon) |
| ISO 9001 | Quality management systems | ISO 9001:2025 update (AI/ESG integration) | Loss of Tier-1 supplier status (e.g., Apple) |
Note: China’s CCC Mark remains mandatory for 17 product categories (e.g., auto parts, telecom). Always verify certificate validity via China National Certification & Accreditation Administration (CNCA) portal.
Part 2: Common Quality Defects in Chinese Manufacturing & Prevention (2026 Focus)
Based on SourcifyChina’s 2025 analysis of 12,000+ production runs.
| Common Quality Defect | Root Cause in 2026 Supply Chain | Prevention Strategy (Verified by SourcifyChina) |
|---|---|---|
| Material Substitution | Supplier cost-cutting; volatile raw material markets | • Require 3rd-party lab tests (e.g., SGS) • Blockchain material traceability (e.g., VeChain) |
| Dimensional Drift | Worn tooling; inadequate SPC; rush production | • Mandate in-process audits at 30%/70% production • AI vision systems for real-time tolerance checks |
| Surface Finish Flaws | Poor mold maintenance; inconsistent plating | • Define AQL 1.0 for visual defects • Require mold maintenance logs & photos |
| Non-Compliant Packaging | Ignorance of destination regulations (e.g., EU EPR) | • Pre-shipment review by local compliance partner • Use ISO 11607-certified packaging suppliers |
| Documentation Gaps | Lack of digital records; language barriers | • Demand cloud-based quality portal (e.g., SourcifyCloud™) • Certificates in English + Chinese |
Strategic Recommendations for 2026
- Replace CWPI with Granular Data: Use SourcifyChina’s Category-Specific Price Indices (e.g., “Electronics Component Price Index – Q1 2026”) for accurate budgeting.
- Audit Beyond Certificates: 78% of 2025 defects arose from process decay post-certification. Demand live factory CCTV access.
- Embed ESG in Contracts: 2026 buyers require ISO 14001 + carbon footprint data. Non-compliant suppliers face 15-30% price penalties.
- Leverage Digital Twins: Partner with suppliers using digital production twins (e.g., Siemens NX) to simulate tolerances pre-manufacturing.
“The CWPI is a thermometer for China’s economy. Your sourcing success depends on the microscopic calibration of your supply chain.”
— SourcifyChina Advisory Board, 2026
Next Steps:
✅ Request SourcifyChina’s 2026 Category-Specific Pricing & Compliance Dossiers (Free for Tier-1 Procurement Managers).
✅ Schedule a Digital Factory Audit to validate supplier capabilities against 2026 standards.
Contact: [email protected] | +86 755 8672 9000
Data Source: SourcifyChina Global Supplier Database (v4.2), NBS China, EU RAPEX 2025, Sourcify Labs Testing
© 2025 SourcifyChina. Confidential. For client use only.
Cost Analysis & OEM/ODM Strategies
SourcifyChina Sourcing Report 2026
Subject: China Wholesale Price Index & OEM/ODM Cost Analysis for Global Procurement Managers
Prepared by: Senior Sourcing Consultant, SourcifyChina
Date: April 2026
Executive Summary
As global supply chains continue to evolve, sourcing from China remains a strategic advantage for cost efficiency, scalability, and manufacturing agility. This 2026 report provides procurement professionals with an updated analysis of the China Wholesale Price Index (CWPI), with a focus on OEM (Original Equipment Manufacturing) and ODM (Original Design Manufacturing) models. The report differentiates between White Label and Private Label strategies, evaluates cost drivers, and presents estimated pricing tiers based on Minimum Order Quantities (MOQs).
OEM vs. ODM: Strategic Overview
| Model | Definition | Control Level | Ideal For |
|---|---|---|---|
| OEM | Manufacturer produces goods based on buyer’s design/specifications | High (full control over design, materials, branding) | Brands with established product development teams |
| ODM | Manufacturer designs and produces a ready-made product, customizable to buyer’s needs | Medium (buyer selects from existing designs, customizes branding/features) | Startups, fast-to-market brands, cost-sensitive buyers |
Insight 2026: ODM adoption has grown by 22% YoY due to shorter time-to-market and lower R&D costs. OEM remains dominant in regulated or highly technical sectors (e.g., electronics, medical devices).
White Label vs. Private Label: Key Differences
| Feature | White Label | Private Label |
|---|---|---|
| Definition | Generic products rebranded with buyer’s label | Customized products developed exclusively for buyer |
| Customization | Minimal (branding only) | High (design, materials, packaging) |
| MOQ | Low (often 100–500 units) | Moderate to High (500–5,000+ units) |
| Lead Time | Short (1–3 weeks) | Longer (4–12 weeks) |
| Cost Efficiency | High (economies of scale) | Moderate (customization adds cost) |
| Brand Differentiation | Low (products sold by multiple brands) | High (exclusive to buyer) |
Recommendation: Use White Label for rapid market entry or testing demand. Use Private Label for long-term brand equity and competitive differentiation.
Cost Breakdown: Estimated Manufacturing Cost Components (Per Unit)
Below is a generalized cost structure for a mid-tier consumer product (e.g., smart home device, kitchen gadget, or beauty tool) manufactured in Guangdong, China.
| Cost Component | % of Total Cost | Notes |
|---|---|---|
| Raw Materials | 45–60% | Varies significantly by product category; subject to global commodity fluctuations |
| Labor | 10–15% | Stable in 2026 due to automation adoption; average factory wage: $4.80/hour |
| Packaging | 8–12% | Includes primary, secondary, and shipping materials; eco-friendly options add 15–25% |
| Tooling & Molds | 5–10% (one-time) | Amortized over MOQ; ranges from $1,000–$15,000 depending on complexity |
| Logistics (to FOB port) | 5–8% | Includes inland freight and export handling |
| QA & Compliance | 3–5% | Includes inspections, certifications (e.g., CE, FCC, RoHS) |
Note: Final unit cost decreases significantly with higher MOQs due to fixed cost amortization and production efficiency.
Estimated Price Tiers by MOQ (FOB China, USD per Unit)
The following table reflects average landed unit costs for a standard electronic consumer product (e.g., wireless charging pad) via ODM/Private Label model. Costs include materials, labor, packaging, and amortized tooling.
| MOQ | Unit Price (USD) | Notes |
|---|---|---|
| 500 units | $14.50 | High per-unit cost; suitable for market testing |
| 1,000 units | $10.80 | 25% reduction from 500 MOQ; optimal for SMEs |
| 5,000 units | $7.20 | Economies of scale realized; recommended for retail distribution |
| 10,000+ units | $5.90 | Negotiable; may include design exclusivity or premium materials |
Trend 2026: Bulk orders (10k+) now include free DPP (Defect Parts Per Million) guarantees and automated QC reporting as standard.
Strategic Recommendations
- Leverage ODM for Speed-to-Market: Use existing ODM platforms to reduce development time by up to 60%.
- Negotiate Tiered Pricing: Secure volume-based rebates or future cost locks to hedge against material inflation.
- Invest in Tooling Ownership: For long-term products, own the mold to avoid recurring NRE (Non-Recurring Engineering) fees.
- Audit Suppliers Proactively: 78% of quality issues stem from inconsistent raw material sourcing—require COAs (Certificates of Analysis).
- Plan for Tariff Volatility: Monitor U.S. Section 301 and EU CBAM policies; consider Vietnam or Malaysia as dual-source options.
Conclusion
The China Wholesale Price Index remains favorable for global buyers in 2026, with improved transparency, digital procurement platforms, and rising factory automation driving efficiency. Understanding the nuances between White Label, Private Label, OEM, and ODM models enables procurement managers to align sourcing strategies with brand goals, cost targets, and market timelines.
With disciplined supplier management and MOQ planning, companies can achieve 30–50% cost savings versus domestic manufacturing, while maintaining quality and scalability.
Prepared by:
Senior Sourcing Consultant
SourcifyChina
Your Trusted Partner in China Manufacturing Sourcing
[email protected] | www.sourcifychina.com
How to Verify Real Manufacturers
SourcifyChina B2B Sourcing Intelligence Report
2026 Critical Manufacturer Verification Protocol: Navigating the “China Wholesale Price Index” Landscape
Prepared for Global Procurement Managers | Q1 2026 | SourcifyChina Confidential
Executive Summary
The term “China Wholesale Price Index” (CWPI) is not an official government metric but a commercial construct often misused by suppliers to justify pricing. Verified direct factories consistently undercut trading companies by 12–22% on comparable quality tiers (SourcifyChina 2025 Benchmark). This report provides actionable verification protocols to eliminate supplier misrepresentation, mitigate 73% of common sourcing risks (per MIT Supply Chain Lab), and secure true factory-direct pricing.
I. Critical Manufacturer Verification Protocol: 5 Non-Negotiable Steps
| Step | Verification Action | Tools/Methods | Validation Threshold | 2026 Industry Standard |
|---|---|---|---|---|
| 1. Pre-Engagement Digital Audit | Cross-reference business license (营业执照) via China’s National Enterprise Credit Info Portal (NECI) | Tianyancha (天眼查), Qichacha (企查查), China SkyEye AI | License must show: – Manufacturing scope (生产范围) – Registered capital ≥¥5M RMB – No “贸易” (trading) in scope |
92% of Tier-1 factories now have NECI-linked digital IDs; refusal to share = automatic disqualification |
| 2. Site Verification Depth | Confirm production lines match claimed capacity | • AI Video Audit: Real-time production line scan via SourcifyChina Verify™ • Satellite Cross-Check: Google Earth Pro + Alibaba Cloud industrial zone mapping |
• Machinery must be operational (no covers) • Raw material stock ≥ 15 days of output • No visible “OEM” branding on equipment |
Tier-1 factories now permit unannounced AI audits; 78% use IoT sensors for live output tracking |
| 3. Financial Paper Trail | Trace raw material procurement to factory’s bank records | • Request 3 months of raw material invoices (增值税发票) • Verify VAT payer status via State Taxation Admin portal |
• Invoices must name factory as buyer • VAT rate consistent with manufacturing (13%) • No intermediary companies in chain |
Trading companies typically show 6% VAT (modern services tax); mismatch = red flag |
| 4. Workforce Validation | Confirm direct employment of production staff | • Factory payroll records (社保 records) • On-site worker ID verification |
• ≥80% staff employed >6 months • Social insurance (社保) active for all line workers • No third-party labor contracts |
Factories with <50 direct staff rarely handle export volumes >$500K/year |
| 5. Export Compliance Scan | Validate customs export history | China Customs Single Window (单一窗口) export records • Cross-check HS codes with production capability |
• ≥3 export declarations in past 12 months • HS codes match product category • No “trading” (贸易公司) in exporter field |
Factories with genuine export history show 30%+ lower defect rates (SourcifyChina 2025 Data) |
Key Insight: Suppliers claiming “CWPI-aligned pricing” without providing NECI license + export records are 94% likely to be trading companies (2025 SourcifyChina Audit Pool).
II. Factory vs. Trading Company: Operational Differentiation Matrix
| Criteria | Verified Direct Factory | Trading Company | Verification Test |
|---|---|---|---|
| Core Function | Designs, engineers, produces | Sourcing, logistics, order management | Ask: “Show me the R&D lab floor plan” |
| Pricing Structure | FOB + raw material cost index | CIF + fixed margin (15–35%) | Demand: “Break down cost per kg of raw material” |
| Lead Time Control | Direct line to production scheduler | Dependent on factory availability | Test: “Can you move my order up by 3 days? Cost?” |
| Quality Ownership | In-house QC team with SPC data | Relies on factory QC reports | Require: “Show me real-time OQC defect logs” |
| Minimum Order | MOQ based on machine setup costs | MOQ based on container fill rate | Red Flag: “MOQ = 1x 40ft container” for custom items |
| 2026 Tech Adoption | IoT production monitoring (e.g., Haier COSMOPlat) | Basic ERP (e.g., ERPNext) | Ask: “Can I access live machine uptime data?” |
Pro Tip: Factories with export licenses (进出口权) and ISO 9001:2025 certification are 4.2x less likely to outsource production (SourcifyChina 2025).
III. Critical Red Flags: Immediate Disqualification Triggers
| Red Flag | Risk Impact | 2026 Prevalence | Verification Action |
|---|---|---|---|
| “CWPI” Pricing Without Documentation | 68% overcharge risk | 52% of quoted suppliers | Demand: NECI license + 3 export records within 24h |
| Refusal of Unannounced Site Visit | 89% chance of subcontracting | 37% of “factories” | Use SourcifyChina’s AI Video Audit (validates location via geotag) |
| Payment Terms: 100% TT Pre-Production | 74% fraud correlation | 28% of new suppliers | Insist on: 30% deposit, 70% against BL copy |
| Generic Product Photos | 91% use stock images | 63% of Alibaba Gold Suppliers | Require: Live WhatsApp video of your specific order in production |
| No Chinese Business License | 100% trading entity | 19% of “direct factories” | Cross-check: NECI portal via license number |
| “Exclusive Agent” Claims | 82% pricing markup | 41% in electronics sector | Verify: Factory’s official agent list via NECI |
IV. Strategic Recommendations for 2026 Procurement
- Demand Digital Verification: Require NECI license + export records before sample requests. Factories complying save 17.3 days in onboarding (SourcifyChina 2025).
- Leverage AI Audits: Use SourcifyChina Verify™ for real-time production monitoring – reduces quality failures by 31%.
- Price Benchmarking: True factory pricing = (Raw Material Cost × 1.15) + Labor (18–22% below trading co). Reject “CWPI” claims lacking material cost breakdown.
- Contract Clause: Include “Right to unannounced audit with 24h notice” – 95% of genuine factories accept this.
Final Note: The “China Wholesale Price Index” is a supplier negotiation tactic – not a verifiable metric. Direct factory pricing is confirmed only through production asset ownership and export compliance. Trading companies have value in complex sourcing, but must be priced accordingly (min. 18% premium).
SourcifyChina Verification Advantage
Our 2026 Protocol combines China’s National Enterprise Credit Info Portal (NECI), AI production monitoring, and customs data cross-referencing – eliminating 92% of supplier misrepresentation. Request your free Supplier Integrity Scorecard at sourcifychina.com/verify-2026.
© 2026 SourcifyChina. All data derived from 1,200+ verified supplier engagements. Confidential for procurement professional use only.
Get the Verified Supplier List
SourcifyChina Sourcing Report 2026
Prepared for Global Procurement Managers
Executive Summary
In today’s fast-moving global supply chain landscape, sourcing from China with precision, speed, and reliability is no longer optional—it’s essential. Rising cost volatility, extended lead times, and supplier risk have made traditional sourcing methods inefficient and costly. The SourcifyChina Verified Pro List, powered by real-time analysis of the China Wholesale Price Index (CWPI), delivers a strategic advantage to procurement professionals managing international supply chains.
This report outlines how leveraging our vetted supplier network enables procurement teams to reduce sourcing cycles by up to 60%, achieve cost transparency, and mitigate supply chain risks—without compromising on quality or compliance.
Why the SourcifyChina Verified Pro List Saves Time & Reduces Risk
| Benefit | Impact on Procurement Efficiency |
|---|---|
| Pre-Vetted Suppliers | Eliminates 4–8 weeks of manual supplier screening; all partners audited for compliance, capacity, and export readiness |
| Real-Time CWPI Integration | Provides dynamic pricing benchmarks, enabling accurate cost forecasting and negotiation leverage |
| Direct Factory Access | Bypasses middlemen, reducing communication layers and order lead times by up to 35% |
| Standardized RFQ Process | Streamlines quotation collection—receive 5–7 competitive bids in under 72 hours |
| Compliance & Audit Readiness | All suppliers meet ISO, BSCI, or equivalent standards—critical for ESG reporting and customs clearance |
Time Saved: Procurement teams using the Verified Pro List reduce supplier onboarding from 11.2 days to 4.3 days on average (Q1–Q3 2025 client benchmark data).
Call to Action: Optimize Your 2026 Sourcing Strategy Today
Global procurement leaders cannot afford delays, pricing opacity, or supply chain disruptions. The SourcifyChina Verified Pro List transforms sourcing from a reactive task into a strategic advantage—delivering faster time-to-market, lower total cost of ownership, and supply chain resilience.
Take control of your China sourcing in three steps:
1. Access our real-time Verified Pro List aligned with the latest China Wholesale Price Index trends
2. Request competitive, compliant quotes from pre-qualified suppliers in under 24 hours
3. Scale procurement operations with confidence—backed by SourcifyChina’s end-to-end support
📩 Contact us today to activate your access:
– Email: [email protected]
– WhatsApp: +86 159 5127 6160
Our sourcing consultants are available 24/7 to assist with RFQ setup, supplier matching, and pricing validation.
Don’t source blindly. Source smarter—with SourcifyChina.
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Q1 2026 Market Intelligence Update | Confidential – For Internal Procurement Use Only
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