The transactions of Yiwu market in May add three percent

According to the Bureau of Industry and Commerce recently released a “Yiwu Market Credit Index,” China Commodity City in May, trading is very active, monthly turnover of 3.347 billion yuan, growth of 33.24% link relative ratio, Affected, the monthly trading activity index is 145.53 points,compare with 143.45 points in April, an increase of 1.45%.

However, in addition to trading activity index, the Yiwu Market Credit Index in May, the other three sub-index, namely the quality of goods index (129.82), customer satisfaction index (144.15) and risk control index (155.00) have emerged down chain relative ratio, down were 5.00%, 1.28% and 3.76%, so in May Yiwu market credit index chain fell 2.25% to 141.72 points.

According to analysis, market regulatory authorities to carry out ‘doubles’ action led to the increase in the number of cases the quality of regulatory penalties, consumer complaints, to raise bank reserve ratio lead to some business users financial strain and thus lead to increased credit and other factors, all are the important reasons of three categories index decline.

Although the Yiwu Market Credit Index in May fell slightly, but the warning light colored according to the index subsystem, the index still remains in the “green light” (safe) area, warning subsystem fluctuations appear as “normal” fluctuations in the situation.

Dean of Economics of beijing University, China Credit Research Center recently analyzed Yiwu Market Credit Index political chapter in May pointed out that although the Yiwu market regulation in the field of work should be affirmed, but the current international economic situation, especially the euro area countries credit is not optimistic, still wary of foreign markets brought the business of credit risk.