Source: Yiwu sourcing agent Author: Gary Date: 2011-04-19
On March 9, the Yiwu InternationalTrade Comprehensive Pilot Reform was approved by the State Council and Yiwu became the first county-level city for comprehensive pilot reform in China, which, once again, makes this worldrenowned commodities city become the focus of attention.
Yiwu Commodities City has established agencies successively in Frankfort (Germany), Osaka (Japan) and Dubai, which promote publicity and the communication between Yiwu and overseas markets.
On March 15, Yiwu Exploit Hardware Tools Co., Ltd. had a preliminary agreement on cooperation with the Chamber of Industry and Commerce of Osaka in Japan.
And before that, 6 OEM factories had been set up in 6 countries such as Germany, the U.S., Britain, Italy and Israel.
The 'Exploit Hardware' was originally an export company. The hardware export environment was deteriorating after the financial crisis and the competition in low-end market at home was fierce. So why not shift the trade orientation from export to import and make high-tech hardware manufacturing enterprises do OEM for us?
In September of 2010, Wu Xianfa established cooperation with two German companies. 'Supported by low-cost conditions such as the market platform, bonded warehouse and E-ommerce, a Germany-made pinchers only cost 260 yuan at home while an exported one is priced at 360 yuan,' Wu said. It is a win-win cooperation because the German enterprises could enter our market and Wu could establish brands.
The 'Exploit Hardware' finds the new development orientation by reversing its trade form from a traditional OEM enterprise to an enterprise having foreign hitech enterprises produce for it.
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