Source: Yiwu sourcing agent Author: Date: 2008-10-18
Motivated by some favorable factors like the using of phase III market of ITM,opening of 2008 Yiwu Fair and expected warming of domestic and foreign trade,this September sees great confidence in Yiwu market and the confidence index is 140.25,up 2.95 over previous month. The uptrend of Yiwu Index shows that the market has strengthened its risk resistance capacity.
The uptrend of three indices (trade volume,trade amount,popularity) indicate that Yiwu market has entered the busy season and the export volume is increasing monthly. E-commerce has gained popularity in Yiwu thanks to the market operators' efforts seeking methods to resist risks,broadening the electronic trade platform. According to statistics 70% of the orders of electronics and appliances were confirmed through internet in September. The month of September saw brisk view in both the entity and internet markets.
Recent price dropping in raw materials relieved the enterprises from the cost pressure. And some of them initially search for ways to cope with the foreign trade depression,and more than 50 technological enterprises,like Huayi Pharm,Zhonggao Power,Yifeng Technology,Jiekang Pipe and Zhengwei Food,have improved their creativity relying on the scientific and technological strength of Zhejiang University.
The opening of Yiwu Fair and phase III market will promote Yiwu's popularity and improve traders' confidence. 70% of the operators have great confidence in the future especially in the industries such as jewels & ornaments,electronics & appliances,sports & entertainment articles,and cosmetics & washing goods.
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