Yiwu Marks the Confidence in International Trade Market

Yiwu Marks the Confidence in International Trade Market
– Yiwu Market in the Eye of Foreign Traders under the International Financial Crisis 
The sun shines on March 16, and Yiwu International Commodity city is vibrating in this spring. 
“Compared with many other places in the world, Yiwu can be assumed as the “Hot Island” in the international market”, Amolibian who comes from Yemen told the journalist while he was bargaining with the owner of the stall. As the enterpot trade in Dubai seriously affected by the finacial crisis, their procurement was not so large, but the overall order quantity was expected to exceed the number of last year. He said:” We are preparing to set an office in Yiwu to procure the goods nereby and sell to America. The goods in Yiwu, even of the same quality, especially some intellectual toys, are much cheaper than those produced in America, so there is large profit margin left and we are sure there would be a huge market in America.” 
Zire, a Sudanese, said some of his friends left China for home because of financial crisis, whereas he insisted to stay and quoted a Chinese proverb said “they step back, but i will move ahead”, he continued:” Now, many places in Africa are in the takeoff phase, Yiwu has the most competitive goods in the globe,so it has huge market in Africa.If we continue to establish the ditribution channels with retailers, we are sure to make big money because it will bring a huge opportunity when the crisis is over.” Zire wished to stay long in Yiwu and undertake the business between Yiwu and Africa. 
In Art and crafts Exchange Sector, the Egyptian businessman named Mohammed together with his two business partners are discussing the types and price of the braid handbag with the owner, in the end, they made a deal amounted 32,600 yuan. Mohammed stated that he comes to Yiwu and purchases the goods every several monthes, with the purchase materials amounted more than 100,000 dollors every time. All the items they handled are procured from Yiwu, and then, export to the countries in North and East Africa, mainly of which are arts and handicraft articles, we are running good. ” Yiwu is a “sheltering harbor”, price is lower than last year but the quality is better, it’s good for us to operate the business and most of our clients are willing to cooperate with us and make mutual benifit,” He said:” Yiwu has various commodities and cheap price, together with an accessible international freight which are unparalleled im many other places in the world. Yiwu has already marked the confidence in international market, therefore, manufacturers all around the world prefer to bring and sell their products in Yiwu. It is hardly to find another place like Yiwu where one can order goods from every quarter of the globe without leaving his home. 
In the west front of Yiwu International Commodity city Phase 2, an journalist presumptuously stopped a foreign businessman riding on a motor. Surprisingly, he write his name Louise. Willie in english and speak in a fluent chinese that he comes from German. He told the journalist that he came to Yiwu to help his friends as an export agent. Now, he made his fortune and has his own foreign trade company in Yiwu. ” Whether in Guangzhou or In Shanghai, we have to spend several days to buy what we want, while in Yiwu, it just take us half a day to purchase the goods, and i feel like touring around the whole China.” Willie said excitedly. Although the current financial crisis affected willie’s business for the time bing, he held an optimistic view toward Yiwu market.

Saturday, March 21st, 2009

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