Home Life Yiwu foreign trade kicks off a new round of rapid development
Yiwu foreign trade kicks off a new round of rapid development PDF Print E-mail
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Monday, 18 May 2009 01:47

Statistics form Yiwu economic and commercial departments say that the trunover of Yiwu market reaches 11.306 billion yuan in the first quarter of 2009, an increase of 14.2% compared with the same period of last year .price  index and ivdexes reflecting the economic situation, such as the power .use of the market,cargo amount and currency circulation,all se growth in March. in Yiwu Foreign Affairs Service CO.,Ltd,the reporter met Ismael Mahzoone form Spain,who has come to China for serveral times and registered a business recently in Yiwu. His father made an investigation of Yiwu industrial zone several days ago as he plans to set up a factory producing cosmetics in Yiwu and selling in China.

Ismael's father has a cosmetics company in Spain,whose products are mainly sold to Europe. The reason why Ismael came to China is that the cost in Spain is too high.At present ,nearly every European feels the chill of the financial crisis .According to the staff of Yiwu foreign Affairs Service Center , the number of overseas purchasers who came to Yiwu in March reached 27 thousand,an increase of  138%compared to that in Februaary .In the first quarter of 2009,the number of oversseas purchaaasers who arrived in Yiwu totaled 57.8 thousand and that of overseas business entities reached 2276, an increase of 25% and 45.2%respectively compared to the same period of last year.

One of the key factors is that from the beginning of this year , Yiwu municipal goverment , as well as enterprises and dealers in the market tried new ways to develop maarket and marketing mode.TAKE CCC Group for example, it organized exhibitions of various industries and cooperated with banks to launch the business of booth-using right hypothercated loan.Yiwu municipal government put forward support fund as well ," sade Cheeng Yan, manager of China Commodities City Group Trading Co.,Ltd,when analyzing the reason for the sharp increase of oversseas pruchasers.

'"Besides , many overseas buyers are greatly affected by the economic crisis in their homelands.they come to China to find opportunities .High -end consumer products are hard to sell .so they come to Yiwu to find middle-end products ," he added .

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