Home Life "World accessory market" reports sales rise amid global financial pinch
"World accessory market" reports sales rise amid global financial pinch PDF Print E-mail
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Tuesday, 06 January 2009 12:27
The Yiwu international trade market where more than 60,000 shops sell accessories, ornaments and toys reported 49.2 billion yuan (7.2 billion U.S. dollars) in sales in 2008, up 6.83 percent year on year.

Dubbed as the "world accessory market," Yiwu does business with 200 countries and territories. More than 1.7 million varieties of small commodities are sold here.

The market saw a slowed sales growth in the third quarter under the global financial pinch.

"We launch more than 100 new ornament products every day, which made us easy to adapt for market changes," said Zhou Xiaoguang, owner of a major ornament company.

He said the company achieved a 10 percent sale growth in 2008.

Over 85 percent of shops in Yiwu offered new products to promote sales. Toy exporters said they were turning to new markets such as Russia and Brazil, after the trade with America and Europe suffered in the financial turmoil.
 
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